Brazilian fintech company Meliuz is planning to increase its Bitcoin investments and make it a key asset on its financial records. As they prepare for a shareholder meeting on May 6, Meliuz aims to position Bitcoin as their main treasury asset, ensuring their core business remains unchanged while focusing on generating cash to buy more ...
MicroStrategy co-founder Michael Saylor has announced plans to acquire more Bitcoin after a brief pause in purchases. The company’s latest acquisition on March 31 brought its total Bitcoin holdings to 528,185 BTC, with an investment increase of about 24%, translating to over $8.6 billion in unrealized gains. As Bitcoin’s price recently dipped below $80,000, MicroStrategy ...
Bitwise, an institutional crypto investment firm, remains confident about its bold Bitcoin price prediction of $200,000 by the end of the year, despite rising global trade tensions. Matt Hougan, the firm’s chief investment officer, believes the weakening US dollar, influenced by recent trade policies, could positively impact Bitcoin’s value. He notes that historically, a declining ...
Michael Saylor’s company, now known as Strategy, plans to report a significant $5.9 billion loss in the first quarter due to an accounting change that requires its Bitcoin holdings to be valued at Market prices. This change follows a period where Bitcoin’s price dropped nearly 12%, leading to a considerable decline in the value of ...
Minnesota state Senator Jeremy Miller has announced the Minnesota Bitcoin Act, reflecting his shift from skepticism to support for Bitcoin and cryptocurrencies. The proposed bill aims to boost prosperity in Minnesota by allowing the state’s investment board to include Bitcoin and other cryptocurrencies in its portfolio, similar to traditional assets. Additionally, state employees could invest ...
In March, nearly all Bitcoin exchange-traded funds (ETFs) in the United States faced significant losses, with outflows totaling over $1.6 billion. BlackRock’s iShares Bitcoin Trust ETF was hit hardest, losing $552 million in a month with minimal inflows. Other funds like Fidelity’s Wise Origin and Grayscale’s Bitcoin Trust also saw sharp declines. Only Grayscale’s Bitcoin ...
A Texas lawmaker has introduced a bill that would limit how much local and state authorities can invest in cryptocurrencies as reserve assets. Proposed by Representative Ron Reynolds, the bill aims to restrict the state’s Economic Stabilization Fund, also known as the “rainy day” fund, to a maximum investment of $250 million in Bitcoin and ...
Michael Saylor, the co-founder and Executive Chairman of Strategy, recently shared that the company earned $2.6 billion from its bitcoin investments in just the first two months of 2025. This achievement supports his strategy of accumulating bitcoin, despite the volatile Market conditions. While the profits are lower than last year’s total of $13.1 billion, Saylor’s ...
Despite recent sharp declines in Bitcoin prices, MicroStrategy (MSTR) has been on a downward trend for over three months, trading around $250, significantly down from its peak of $543 in November. Investors in leveraged MSTR products have faced even harsher losses, with some ETFs falling up to 90%. However, MicroStrategy’s Bitcoin acquisitions, initiated in August ...
Michael Saylor has recently hinted that his company, Strategy, may resume its Bitcoin purchases after a brief pause. He tweeted about a Bitcoin tracker, suggesting an upcoming acquisition. Strategy plans to raise $2 billion through a convertible note offering to fund these purchases. Currently, the company holds around 478,740 Bitcoins, valued at approximately $46 billion. ...
