Strategy, a prominent company, has significantly expanded its Bitcoin portfolio by successfully completing a $2.52 billion Initial Public Offering (IPO) of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The proceeds from this offering, which notably exceeded its initial $500 million target due to strong institutional demand, were immediately used to acquire 21,021 … Read more
Cardano ($ADA) founder Charles Hoskinson is making a significant prediction for the altcoin’s future, suggesting it could see a 100x to 1000x price rally, potentially reaching $80-$800, and even surpassing Bitcoin ($BTC) in performance. In a recent interview, Hoskinson stated that Cardano isn’t a “second-class citizen” and offers substantially more than Bitcoin, positioning itself to … Read more
Investor enthusiasm for crypto exchange-traded funds (ETFs) showed no signs of abating on July 28, with both Bitcoin and, notably, Ethereum ETFs experiencing significant net inflows. While Bitcoin ETFs continued their upward trend, Ethereum-based products demonstrated a remarkable surge, signaling a potential shift in institutional focus. Bitcoin ETFs Maintain Momentum, BlackRock Leads Spot Bitcoin ETFs … Read more
Bakkt Holdings Inc. (NYSE: BKKT), the crypto custody and trading firm, is making a definitive shift to become a “pure-play crypto infrastructure company.” This strategic refocus includes the sale of its loyalty services business and plans to acquire more Bitcoin (BTC). Loyalty Business Sold for $11 Million Bakkt announced on Monday that it has agreed … Read more
Bitcoin miner MARA (formerly Marathon Digital) has successfully closed an upsized $950 million private offering of 0% convertible senior notes due in 2032. This offering, targeted at institutional buyers, exceeded its initial goal of $850 million due to strong investor demand, signaling a strategic move to acquire more of the leading cryptocurrency. MARA is taking … Read more
Fears of an escalating global debt crisis have prompted renowned hedge fund manager Ray Dalio to re-evaluate his stance on Bitcoin (BTC), now advocating for its inclusion in investment portfolios. Dalio, founder of Bridgewater Associates, is urging investors to allocate a portion of their assets to BTC as a safeguard against potential dollar devaluation, driven … Read more
President Donald Trump has emerged as a staunch advocate for Bitcoin, now positioning the digital asset as a crucial engine for U.S. innovation and financial strength. This marks a significant shift from his previous cautious stance on cryptocurrency. Bitcoin as an Economic Driver At a recent press event, Trump lauded Bitcoin for its role in … Read more
Trump Media and Technology Group (TMTG), the company behind Truth Social, has recently invested $300 million into a Bitcoin-related asset, bringing its total crypto holdings to approximately $2.2 billion. This move is part of the company’s publicly announced “Bitcoin Treasury Plan,” a strategy to create a significant crypto reserve. In May, TMTG initially announced its … Read more
Bitcoin (BTC) surged past $119,000 on Sunday, marking a strong recovery after a brief dip to two-week lows near $114,500. This upward movement signals a shift in momentum as bulls regain control and push past key resistance levels. Volatility and Global Catalysts The price of BTC/USD regained strength as it attempted a daily close above … Read more
Metaplanet, the Tokyo-listed company that has aggressively adopted a bitcoin accumulation strategy, has once again increased its holdings. The firm announced on Monday that it purchased an additional 780 BTC for approximately $92.5 million, at an average price of $118,622 per bitcoin. This latest acquisition brings Metaplanet’s total bitcoin treasury to 17,132 BTC, which is … Read more