Recent data from Bitwise reveals that corporations now collectively own 688,000 Bitcoins, marking a 16.11% increase from the previous quarter. This amount represents 3.28% of Bitcoin’s total supply, which is capped at 21 million coins, with their holdings valued at around $57 billion. In the first quarter of this year, an additional 12 public companies ...
Andrew Kang, founder of Mechanism Capital, has made a significant $200 million long position on Bitcoin, reflecting his strong belief in its future price increase. Recent on-chain data revealed that Kang added another $100 million to his Bitcoin holdings, following a post from Donald Trump encouraging buyers. The stock Market reacted positively when Trump announced ...
Michael Saylor, the former CEO of Strategy, has hinted at an upcoming Bitcoin purchase announcement this Monday. Recently, he shared a message on social media referencing “orange dots,” which symbolize the company’s Bitcoin acquisition strategy. Back in March, Strategy made headlines by purchasing nearly $2 billion worth of Bitcoin, increasing its total holdings to about ...
Strategy Inc., previously known as MicroStrategy, has become a pioneer in the Bitcoin movement under CEO Michael Saylor. Since purchasing 21,454 Bitcoins in August 2020 for around $250 million, the company has significantly expanded its holdings, now boasting over 528,185 Bitcoins valued at approximately $35.63 billion. Saylor, who once dismissed Bitcoin, now views it as ...
With the turbulent landscape of global tariffs, many investors are hesitant about cryptocurrency, especially with Bitcoin experiencing significant downturns. However, Bitcoin’s long history shows resilience; after every major decline, it often rebounds to new highs. Research indicates that despite being a top performer in nine out of twelve years, it can also see significant losses ...
In 2024, the excitement around cryptocurrency drove a significant boom in early-stage bitcoin startups, with pre-seed investments increasing by 50% despite a generally cautious funding environment for tech. The price of bitcoin and ethereum surged, contributing to greater investor interest, especially after the SEC approved bitcoin and ethereum ETFs. Trammell Venture Partners reported that pre-seed ...
GameStop Corporation has successfully completed a convertible debt offering, raising $1.5 billion, with plans to invest in Bitcoin. Initially aiming for $1.3 billion, demand led to an additional $200 million in notes. The company will use the funds for general operations, including Bitcoin purchases. The notes, convertible into equity, will mature on April 1, 2030, ...
This article is authored by an experienced equity analyst with over five years of expertise in Latin American markets. They offer valuable research and insights to help clients make informed investment decisions. The author confirms they have no financial ties to the companies discussed in the article and is not receiving any compensation aside from ...
Metaplanet, a Japanese company known for boosting its Bitcoin holdings, has recently issued 2 billion yen (approximately $13.3 million) in zero-interest bonds to buy more Bitcoin. The CEO, Simon Gerovich, stated that this move capitalizes on the recent drop in Bitcoin prices, which are currently around $82,000. The company, often referred to as “Asia’s MicroStrategy,” ...
Despite a recent downturn in the cryptocurrency Market, prominent investors like billionaire Tim Draper remain optimistic about Bitcoin’s future, predicting it could reach $250,000 by 2025. While Bitcoin has dropped significantly since its all-time high of around $109,000, Draper has a history of making bold predictions about the cryptocurrency and believes its appeal as both ...
