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 ...
El Salvador has halted its daily Bitcoin purchases, with the last recorded buy on February 17. This pause follows the country’s recent $1.4 billion loan agreement with the International Monetary Fund (IMF), which requires El Salvador to scale back its Bitcoin initiatives and make acceptance voluntary for businesses. Currently, the nation holds over 6,000 Bitcoin, ...
El Salvador has stopped its daily Bitcoin purchases, with the last recorded buy on February 17. This pause comes after the country secured a $1.4 billion loan deal with the International Monetary Fund (IMF). As part of the agreement, El Salvador is required to reduce its Bitcoin activities, making the acceptance of Bitcoin optional for ...
Worksport Ltd., a U.S. manufacturer specializing in hybrid and clean energy solutions, recently announced its initial investments in Bitcoin and Ripple as part of a new cryptocurrency treasury strategy. This move comes as the company anticipates revenue growth and the launch of new products in 2025, aiming to enhance its financial positioning amid global Market ...
Japanese Bitcoin investment firm Metaplanet is set to raise 116 billion yen ($745 million) by issuing 21 million shares. This significant capital increase aims to enhance the company’s Bitcoin holdings, with plans to grow from 1,762 BTC to 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. Metaplanet’s strategy focuses on converting ...
Senator Cynthia Lummis is preparing to announce an important update regarding a strategic Bitcoin reserve plan today at 10 a.m. This initiative aims to help combat inflation by proposing that the U.S. Treasury purchase 1 million Bitcoins over five years, with a commitment to hold them for at least 20 years. The proposed BITCOIN Act, ...
Rumble Inc., a video-sharing platform, has made headlines by purchasing its first Bitcoin as part of a broader strategy to invest $20 million into the cryptocurrency. The company’s CEO noted that this won’t be the last Bitcoin acquisition. With Bitcoin’s price recently hitting a record high of over $109,000, Rumble’s move aligns with similar initiatives ...
MicroStrategy is making headlines for its unique approach of investing heavily in bitcoin, amassing over 2% of the total supply. Despite bitcoin’s high price, MicroStrategy’s stock has surprisingly declined over the past few months. Recently, the company accelerated its aggressive stock offerings and plans to raise $2 billion to purchase more bitcoin, raising questions about ...
MicroStrategy’s shares rallied to $339.66 after the company revealed it bought 2,138 Bitcoin for $209 million. This marks the company’s eighth consecutive week of Bitcoin purchases, bringing its total holdings to 446,400 Bitcoin. While some praise MicroStrategy’s Bitcoin strategy for its performance this year, critics argue that it resembles a Bitcoin holding firm rather than ...
MicroStrategy and KULR Technology are making headlines with their Bitcoin investments. MicroStrategy, which has been buying Bitcoin since 2020, now holds 279,420 Bitcoins valued at $26.2 billion, representing a substantial portion of its business value. In contrast, KULR, which specializes in thermal management solutions for lithium-ion batteries, recently purchased 217.18 Bitcoins worth $20.4 million and ...
