GameStop’s stock recently dropped by nearly 25% after the company announced its plan to raise $1.3 billion through convertible senior notes to invest in Bitcoin. This comes on the heels of a 12% increase in shares when GameStop revealed a new investment strategy that includes Bitcoin as a treasury reserve. Despite higher interest in cryptocurrency ...
The Blockchain Group, based in France, has added 580 Bitcoin to its treasury, significantly boosting its digital asset holdings. This purchase follows a remarkable 225% rise in the company’s stock price since it started buying Bitcoin last November. The recent acquisition, worth about $50.64 million, marks the group’s largest purchase yet. The company capitalized on ...
Atai Life Sciences, a biopharmaceutical company listed on NASDAQ, believes cryptocurrencies like Bitcoin could help biotech startups survive the long and costly regulatory approval process. The firm plans to invest $5 million in Bitcoin as a hedge against inflation and diversifying its assets, according to founder Christian Angermayer. As the biotech industry faces financial challenges, ...
Michael Saylor, the founder of Strategy, has proposed that the U.S. government should acquire up to 25% of Bitcoin’s total supply as part of a Strategic Bitcoin Reserve over the next decade. In a document titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy,” he suggests consistent daily purchases between 2025 and ...
Michael Saylor, founder of a strategic initiative, has suggested that the U.S. government should aim to acquire up to 25% of Bitcoin’s total supply over the next decade. He believes this would benefit the nation as Bitcoin becomes increasingly valuable. Saylor presented his ideas at a recent White House Crypto Summit, emphasizing a “Never sell ...
President Donald Trump has signed an executive order creating a Strategic Bitcoin Reserve and a digital asset stockpile, fulfilling a promise from his recent campaign. The order highlights the importance of Bitcoin as the original cryptocurrency with a limited supply, positioning the U.S. as a front-runner in asset reserves. The reserve will include Bitcoin seized ...
El Salvador has recently purchased an additional 5 Bitcoin for about $415,000 as the cryptocurrency dropped to around $83,000. This purchase boosts the country’s total Bitcoin holdings to 6,100, valued at roughly $510 million. The acquisition comes shortly after the International Monetary Fund approved a $1.4 billion loan to El Salvador, which stipulates that 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 ...
El Salvador has resumed its Bitcoin buying strategy, acquiring 7 Bitcoins worth approximately $661,000 after a brief pause of one week. This purchase aligns with an agreement made with the International Monetary Fund (IMF), which involved modifying the country’s Bitcoin policies to ensure that Bitcoin acceptance is voluntary for businesses. Currently, El Salvador holds 6,088 ...
El Salvador has resumed its Bitcoin buying strategy after a brief pause, acquiring 7 Bitcoin valued at $661,000. This purchase is part of a new agreement with the International Monetary Fund (IMF), which mandated changes to the country’s Bitcoin policies. Historically, El Salvador had been buying one Bitcoin daily since November 2022, but this was ...
