Michael Saylor’s Strategy, one of the largest corporate holders of Bitcoin, recently made a significant purchase of 6,556 Bitcoin for $555.8 million, as the cryptocurrency approaches $85,000. This acquisition, which was funded by proceeds from stock offerings, brings Strategy’s total Bitcoin holdings to 538,200 BTC, acquired for an average price of $67,766 per coin. This ...
Metaplanet, a Tokyo-based Bitcoin Treasury company, has made headlines by purchasing 497 more Bitcoins, boosting its total to 2,888 BTC valued at around $251 million. This recent acquisition sent their stock soaring by 20% on the Tokyo Stock Exchange, raising the share price to ¥4,045 ($26.60). CEO Simon Gerovich announced that their portfolio is thriving, ...
Tech CEOs are increasingly focusing on AI agents as the future of work, suggesting these digital tools could automate tasks and enhance productivity. Leaders from companies like AWS, GitHub, and Salesforce emphasize the importance of “agent experience,” indicating that AI agents can interact with products and streamline operations. While many companies are investing heavily in ...
Bitcoin adoption among U.S.-listed companies is gaining momentum, with the recent notable purchase by Genius Group (GNS), which has increased its bitcoin holdings to $35 million. Acquiring 372 BTC at an average price of $94,047 each, GNS is following its “Bitcoin-first” strategy introduced last November. Additionally, the company is launching a rights offering for shareholders ...
Bitwise’s Chief Investment Officer, Matt Hougan, believes that corporate investment in Bitcoin is a growing trend. He predicts that hundreds of companies will start adding Bitcoin to their balance sheets over the next year or so. New accounting standards are making this easier, allowing firms to value Bitcoin at Market rates instead of treating it ...
A recent proposal encourages Meta to include Bitcoin in its corporate treasury, following similar suggestions made to companies like Microsoft and Amazon. This initiative, led by Ethan Peck from the National Center for Public Policy Research, highlights the success of Bitcoin adoption by firms like MicroStrategy as a protective measure against inflation. The proposal emphasizes ...
As interest in digital assets grows, many publicly traded companies are now following MicroStrategy’s example by adding Bitcoin to their balance sheets. MicroStrategy began this trend in 2020, leading to a dramatic increase in its share price. Recently, firms like KULR Technology Group and Acurx Pharmaceuticals have announced their own Bitcoin treasury strategies, with KULR ...
In a recent CNBC interview, BitGo CEO Mike Belshe shared his optimistic outlook for the cryptocurrency Market in 2024 and 2025. He believes the incoming pro-crypto administration in Washington D.C. could positively impact the industry, although the effects of new regulations might take time to fully materialize. Belshe sees that larger corporations will increasingly allocate ...
Japan’s Web3 transformation is gaining momentum, especially with companies like Monex Group driving the crypto ecosystem forward. Recently, XRP’s impressive 300% surge in value has attracted institutional interest, with firms like Worksport and The BC Bud Co. planning significant investments in this digital asset. Worksport announced a $5 million allocation to Bitcoin and XRP, aiming ...
Bitcoin has become a significant financial asset attracting both individuals and corporations. Notable companies like MicroStrategy, which holds the largest Bitcoin reserve among publicly traded firms, have integrated Bitcoin into their business models. Recently, MicroStrategy acquired over 55,000 Bitcoin, totaling around 386,700 Bitcoin, valued at approximately $37 billion. MARA Holdings, a leading cryptocurrency mining company, ...
