Japanese funding agency Metaplanet at the moment introduced plans to boost one other 130 billion yen ($880 million) by a world share sale. Of that quantity, the agency intends to allocate roughly $835 million towards buying further Bitcoin (BTC). Metaplanet Eyes Extra Bitcoin Purchases Based on a regulatory filing, Tokyo-based Metaplanet has authorised a plan…
Bitcoin continues to face challenges sustaining its momentum after retreating from its recent all-time high above $124,000. At the time of writing, the asset trades around $111,090, reflecting a 10.5% decline from its peak and a 4.2% drop over the past week. The pullback highlights growing uncertainty among traders as buying pressure weakens, even while…
Healthcare company KindlyMD has filed a $5 billion at-the-market equity offering with the SEC to fund its aggressive Bitcoin treasury strategy, marking one of the largest corporate crypto accumulation programs announced this year. The Utah-based firm, trading under the ticker “NAKA” on the Nasdaq Global Market, plans to use the proceeds for general corporate purposes,…
Technique, previously referred to as MicroStrategy, has achieved a milestone that cements its status as the largest company holder of Bitcoin. A recent acquisition of 3,018 BTC on August 25 at a complete buy value of $357 million has pushed the corporate’s complete Bitcoin portfolio to 632,457 BTC. Primarily based on the present value of…
Bitcoin is trading at a pivotal level where its previous all-time highs, set in January and May, are now being tested as support. This zone has become a critical battleground for bulls and bears, as fear spreads through market sentiment. Many investors are bracing for further declines, worried that a break below these levels could…
Japanese investment company Metaplanet has approved a plan to raise 180.3 billion yen ($1.2 billion) through an overseas share issuance, with nearly $837 million earmarked for fresh Bitcoin purchases. The move, disclosed in a Wednesday filing, shows the Tokyo-listed firm’s aggressive pivot into digital assets and its ambition to cement its position as one of…
Cryptocurrency whales are making a decisive shift in strategy, dumping Bitcoin while quietly scooping up hundreds of millions of dollars worth of Ethereum, sparking renewed speculation that an “altseason” could be on the horizon. Blockchain analytics firm Arkham reported on Tuesday that nine large whale addresses purchased a combined $456.8 million in Ether. 9 WHALE…
Bitcoin is trading around $111,000 after several days of losing ground below its all-time high of $124,500. Bulls have managed to keep the price above the key $110,000 support, but momentum remains weak as attempts to push higher continue to fail. Some analysts warn of a deeper correction ahead if buyers cannot step in with…
Bitcoin miner Hut 8 has announced plans to develop four new sites across the United States, adding 1.53 gigawatts (GW) of utility capacity to its platform. Key Takeaways: Hut 8 is developing four new U.S. sites, adding 1.53 GW of capacity. The expansion will more than double its managed capacity to 2.5 GW across 19…
Bitcoin and Ethereum prices may still be under pressure, but BlackRock appears to be using the downturn to its advantage. The world’s largest asset manager has stepped up its crypto purchases, adding hundreds of millions of dollars worth of Bitcoin (BTC) and Ethereum (ETH) to its exchange-traded funds this week. Bitcoin is currently trading at…