Discover the latest insights in Roula Khalaf’s Editor’s Digest, featuring intriguing stories on global finance and cryptocurrency. This week, the discussion revolves around the increasing trend of nations, including Bhutan, amassing bitcoin reserves. Bhutan stands out by mining its own bitcoins using hydropower, contrasting with countries like the US and the UK, which acquire theirs ...
In a fascinating exploration of global bitcoin reserves, Bhutan stands out by mining its own cryptocurrency using hydropower. While other nations like the U.S. acquire bitcoin through law enforcement seizures, Bhutan’s approach is more sustainable and innovative, given its limited economic resources. Although Bhutan’s bitcoin holdings are smaller than the UK’s, they reflect a unique ...
CleanSpark, a Bitcoin mining company, is set to join the S&P SmallCap 600 Index starting March 24, 2025. This inclusion highlights the company’s recent profitability amidst the fluctuations in the Bitcoin Market following the April 2024 halving event. CleanSpark’s CEO, Zach Bradford, emphasizes that being a vertically integrated mining firm increases Market exposure. In the ...
Cameron Winklevoss, co-founder of the Gemini crypto exchange, argues that countries urgently need to build Bitcoin reserves, likening it to essential resources like gold and oil. He warns that delaying this move could result in higher costs, reduced geopolitical power, and a significant loss of financial independence. Winklevoss emphasizes that nations should act promptly to ...
Senator Cynthia Lummis recently stated that U.S. states may adopt Bitcoin reserves before the federal government does. Speaking at the Bitcoin Investor Week conference, she expressed optimism that a state would establish a strategic Bitcoin reserve before any federal initiative. In July 2024, Lummis proposed the BITCOIN Act, which aims for the U.S. Treasury to ...
Metaplanet, a Japanese firm focused on Bitcoin investments, has issued 2 billion yen (around $13.35 million) in bonds to boost its Bitcoin reserves. This marks the seventh bond issuance since May 2024, aiming to acquire more BTC. The 0% ordinary bonds, redeemable in full by August 2025, will fund Metaplanet’s dedicated Bitcoin acquisition fund, Evo ...
This week in the crypto world has been eventful, featuring significant developments related to major players like Bitcoin, Ethereum, Binance, and Ripple. The collapse of the Libra token in Argentina raised alarms, as investors faced a flash crash that led to mass withdrawals. Meanwhile, Bitcoin reserves on exchanges hit historic lows, raising supply concerns. The ...
El Salvador has purchased an additional 5 BTC, bringing its total Bitcoin reserves to around 6,055 BTC, worth over $606 million. This recent acquisition is part of the country’s ongoing strategy to accumulate Bitcoin while adapting its policies to align with the International Monetary Fund’s (IMF) requirements. The updates include making Bitcoin acceptance optional for ...
On January 20, 2025, El Salvador’s National Bitcoin Office announced the strategic purchase of 12 new bitcoins, increasing its total reserves to 6,044 BTC valued at over 617 million dollars. This move highlights President Nayib Bukele’s steadfast commitment to Bitcoin, even amidst a recent agreement with the International Monetary Fund (IMF) aimed at modifying some ...
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 ...
