The State of Wisconsin Investment Board has boosted its Bitcoin investments to about $321 million, as reported in a February 14 filing with the SEC. This marks an increase from previous holdings of $164 million. The pension fund now exclusively invests in BlackRock’s iShares Bitcoin Trust, having sold off shares in Grayscale’s Bitcoin Trust. This ...
Companies around the world are increasingly turning to Bitcoin as part of their financial strategy to protect their assets from inflation. With nearly 3 million Bitcoins accumulated, these businesses see the digital currency as a way to diversify their treasuries and maintain value against the decline of traditional currencies. Financial experts highlight Bitcoin’s limited supply ...
Tether recently made a significant move by transferring 7,629 BTC—worth around $700 million—from Bitfinex’s hot wallet to its Bitcoin reserve. This is the largest addition to Tether’s Bitcoin reserves since March 2024. Following this, another transfer took place on December 31, bringing Tether’s total Bitcoin holdings to 82,983 BTC, acquired for $2.99 billion. Tether plans ...
On December 17, Bitcoin reached a record high of over $108,000, gaining more than 50% since the presidential election and 148% year-to-date. However, concerns about an overheated Market arise. In contrast, Cardano and Litecoin present potential value. Cardano is priced around $1, significantly lower than its peak of $3.10 and could benefit from a possible ...
MicroStrategy’s remarkable success with investing in bitcoin has sparked interest among other companies wanting to adopt a similar strategy. This year, MicroStrategy’s stock soared 501% thanks to its bitcoin investments, encouraging firms like Marathon Holdings and Acurx Pharmaceuticals to buy cryptocurrencies for their corporate treasuries. The appeal lies in bitcoin’s growing reputation as a safeguard ...
