Strategy (previously MicroStrategy), the world’s largest corporate holder of Bitcoin (BTC), announced on Monday that it had acquired an additional 6,220 BTC during the week spanning July 14 to July 20. This latest purchase brings the company’s total Bitcoin holdings to an impressive 607,770 tokens, acquired at an aggregate cost of approximately $43.61 billion, averaging…
While the Bitcoin price has cooled off into sideways movement, Strategy has expanded its bet by making yet another large purchase. Strategy Has Just Announced A New Bitcoin Acquisition In a new post on X, Strategy Chairman and co-founder Michael Saylor has shared an announcement for the newest Bitcoin acquisition completed by the company. With…
Swedish gaming company Fragbite Group has launched a Bitcoin treasury strategy by purchasing 4.3 Bitcoin at an average price of $112,958 per coin, becoming the latest European firm to adopt cryptocurrency as a primary reserve asset amid a global wave of corporate adoption. The company raised an additional 6 million Swedish krona ($630,000) through an…
With a drop of 4.6% over the last 24 hours, the cryptocurrency market capitalization has dipped below the recently conquered $4 trillion, now standing at $3.99 trillion. Overall, the market is down today, with the large majority of the top 100 coins per market capitalization decreasing. At the same time, the total crypto trading volume…
Elon Musk’s SpaceX has moved over $152 million worth of Bitcoin after more than three years of dormancy, according to data from blockchain analytics platform Arkham Intelligence. Key Takeaways: SpaceX moved over $152 million in Bitcoin after three years of wallet inactivity. The transaction appears to be internal, with no change in net holdings. SpaceX’s…
JPMorgan Chase is reportedly exploring lending against clients’ Bitcoin and Ethereum holdings starting next year, sources told the Financial Times. However, they cautioned that the plans are subject to change. The move would make JPMorgan one of the largest US banks to endorse crypto into mainstream. JPMorgan Chase CEO Jamie Dimon, who has been a…
As Bitcoin (BTC) continues to hover in the high $110,000 range, on-chain data suggests that a short-term price pullback may be imminent. That said, the broader market structure remains firmly bullish. Bitcoin Exchange Reserves Hit Near-Month High According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, BTC reserves on centralized exchanges have risen to…
Bitcoin’s recent price movement reflects a pause in the broader uptrend, with the asset trading at $117,901 following a near 5% weekly decline. While the current downturn may signal a cooling of investor enthusiasm, on-chain indicators suggest the market may still have room to expand before reaching an exhaustion point. Notably, activity among long-term holders…
Trump Media experienced a notable uptick in its stock price (DJT) on Monday, closing up 3% after an intraday rise exceeding 5% to reach $19,25 per share. This surge followed the company’s announcement that it had invested $2 billion in Bitcoin (BTC). Two-Thirds Of Assets To Bitcoin Treasury The media group, which encompasses President Donald…