Nasdaq has filed with the Securities and Exchange Commission (SEC) to significantly increase the options contract limit for the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts. This move aims to accommodate growing trading volume and provide greater flexibility for market participants. The current limit represents a small fraction of the exercisable risk … Read more
Bitcoin miner Marathon Digital Holdings (MARA) has adopted a new revenue-generating strategy, lending out a significant portion of its Bitcoin reserves. The company has loaned 7,377 BTC, approximately 16% of its total holdings, to generate yield and offset rising operating costs. “These loans are short-term arrangements with well-established third parties,” explained Robert Samuels, MARA’s Director … Read more
Metaplanet Inc., a Tokyo-based investment firm, has announced plans to significantly increase its Bitcoin holdings, aiming to reach 10,000 BTC by the end of the year. This ambitious target represents a 470% increase from its current holdings of 1,761.98 BTC, worth approximately $173.6 million. CEO Simon Gerovich stated that the company will utilize “the most … Read more
Amid growing speculation, reports indicate that the Trump administration is planning to create a Strategic Bitcoin Reserve in the United States, potentially fulfilling a key campaign promise. This move has generated significant debate, both within the U.S. and on the international stage, raising questions about its potential implications for the global financial system. The proposed … Read more
MicroStrategy, the leading corporate holder of Bitcoin, announced plans to raise $2 billion through a perpetual preferred stock offering to further bolster its Bitcoin reserves. The company intends to utilize the funds to acquire additional Bitcoin, moving closer to its ambitious “21/21” plan. This involves raising $21 billion in equity and $21 billion in … Read more
Following Bitcoin’s spectacular 2024, with prices exceeding $100,000, and growing pressure from traditional finance investors, several Nasdaq and NYSE-listed companies are signaling their intent to increase their cryptocurrency holdings. While financial advisors generally recommend a cautious approach, allocating only a small portion of a portfolio to Bitcoin, the allure of its potential returns is undeniable. … Read more
Samuel Kullmann, a member of the Swiss parliament, is spearheading a campaign to include Bitcoin in the country’s central bank reserves. This ambitious initiative requires 100,000 signatures to trigger a constitutional referendum. Kullmann has been actively promoting the Bitcoin agenda in the legislative house and public forums. His efforts have already yielded results, with a … Read more
Yuxing Technology, a Hong Kong publicly listed company, has purchased 78.2 Bitcoin at an average price of $80,960 per unit, totaling $6.3 million. This move shows their strong confidence in the future of crypto assets, as Bitcoin holds bullish momentum despite being slightly down from its $100,000 peak. In a related development, a Hong Kong … Read more
Net inflows into Ether (ETH) exchange-traded funds (ETFs) surpassed $2.6 billion in December, gaining significant traction against the long-dominant Bitcoin (BTC) ETFs, according to data from Farside Investors. This momentum built upon a strong November and December, with Ether ETFs experiencing eight consecutive weeks of net inflows, culminating in a record-breaking $2.2 billion in the … Read more
Bitcoin’s price trajectory remains uncertain as whale activity and bearish predictions raise concerns. Recent whale movements have caused anxiety about rising selling pressure, as large amounts of Bitcoin transferred to exchanges often precede price drops. This has pushed Bitcoin’s price to hover around $92,000, with resistance at $94,000. Whale movements can also lead to market … Read more