MicroStrategy, led by Michael Saylor, has become a major player in the cryptocurrency world by acquiring over 2% of all existing bitcoin, transforming the software firm into a kind of bitcoin ETF. Despite bitcoin’s high price near $100,000, MicroStrategy’s stock has dropped significantly, raising questions about its premium valuation and strategies. The company is aggressively ...
Bitcoin is gaining traction, prompting me to explore it myself. I consulted financial experts to create a smart investment strategy. Despite its notorious volatility, I chose to allocate 1% of my portfolio to Bitcoin. My usual investing approach is straightforward, mainly involving index funds and a “buy-and-hold” strategy. Recent trends, including institutional interest and soaring ...
In light of growing geopolitical tensions, Bitcoin is emerging as a potential backup plan for Donald Trump if he fails to influence BRICS nations away from their dollar rebellion. The U.S. economy’s heavy reliance on debt and imports has led to concerns about a possible decline in living standards if the dollar’s dominance disappears. As ...
Genius Group Limited (GNS) experienced an 11% increase in its stock price, reaching around $0.72, after announcing an expansion of its Bitcoin holdings to $30 million. The company now owns 319.4 Bitcoins, after adding $10 million to its original investment. Since it began purchasing Bitcoin in November, Genius Group has reported a remarkable 1,649% yield ...
KULR Technology Group has made a major move into cryptocurrency by purchasing 217.18 Bitcoin for about $21 million, averaging $96,556.53 per Bitcoin. This investment is part of their new Bitcoin Treasury strategy, which aims to allocate up to 90% of their extra cash into Bitcoin. They will use the Coinbase Prime platform for secure storage ...
A surge in corporate interest has seen numerous companies adopting Bitcoin as a treasury asset, spurred by MicroStrategy’s leadership in the field. Recent reports highlight a “Fear Of Missing Out” trend as businesses recognize Bitcoin’s potential for value preservation amidst economic uncertainty. Notable firms, including Rumble, Marathon Digital Holdings, and Hut 8 Mining, are integrating ...
Japan and Thailand are taking different approaches to Bitcoin. Japan is cautious, with Prime Minister Shigeru Ishiba stating that cryptocurrencies like Bitcoin do not fit the country’s strategy for financial reserves due to their volatility. Lawmakers are urging exploration of Bitcoin, but the government remains committed to traditional methods. In contrast, Thailand is embracing innovation. ...
KULR Technology Group, Inc., a company specializing in advanced energy management, recently announced its acquisition of 217.18 Bitcoin for about $21 million, averaging $96,556.53 per Bitcoin. This purchase is part of KULR’s new Bitcoin Treasury strategy, where it intends to allocate up to 90% of its surplus cash into Bitcoin. The company is partnering with ...
MicroStrategy’s stock, MSTR, saw a nearly 5% increase on Monday following news of the company’s recent bitcoin purchase and its upcoming inclusion in the Nasdaq 100 index. The software firm bought an additional 15,350 bitcoins for $1.5 billion, bringing its total holdings to around 440,000 bitcoins, making it the largest corporate investor in the cryptocurrency. ...
Donald Trump is reportedly considering an Executive Order to create a Strategic Bitcoin Reserve (SBR) through the Treasury’s Exchange Stabilization Fund. This fund, which has over $200 billion in assets, is usually used to stabilize the dollar during financial crises. If enacted, this move would put the U.S. at the forefront of a global trend ...
