Chinese Bitcoin mining rig manufacturer Bitmain is considering a phased strategy to establish its first US factory soon. The company would also officially set up a new headquarters in either Texas or Florida, Bloomberg reported. In the first phase, Bitmain intends to recruit about 250 local employees for manufacturing and site-level maintenance units. According to…
Bitcoin’s price is beginning to recover after a brief period of stagnation, trading at $118,945 at the time of writing. This marks a 1% increase over the past 24 hours, with the asset briefly reaching a high of $119,754 during the same period. The recent upward movement suggests a cautious return of buying interest, though…
Bitcoin (BTC) mining juggernaut MARA Holdings today announced the successful completion of a $950 million upsized offering of zero-interest convertible senior notes. A portion of the proceeds will go toward accumulating additional BTC, with the remainder allocated to general corporate purposes. MARA Holdings To Increase Bitcoin Exposure In an announcement today, Florida-based Bitcoin mining firm…
For years, Bitcoin’s price behavior has followed a four-year cycle—halving events led to bull runs, followed by market corrections. But according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management, that narrative no longer fits the current market landscape. “The four-year cycle is dead,” Hougan told investors, pointing to deeper structural shifts shaping the…
Bitcoin (BTC) surged 28% in July, reaching highs near $123,200, fueled by growing institutional adoption and strategic accumulation. Tokyo-listed Metaplanet led the charge, purchasing 780 BTC worth $93 million, bringing its total holdings to 17,132 BTC valued at $1.7 billion. The firm aims to acquire 1% of Bitcoin’s total supply, 210,000 BTC, by 2027, signaling…
On-chain data shows the weekly average Bitcoin Hashrate has surged to 942 EH/s, putting it within striking distance of the all-time high (ATH). Bitcoin Hashrate Has Gone Through A Recovery Run The “Hashrate” refers to a Bitcoin indicator that keeps track of the total amount of computing power that miners have currently attached to the…
The Bitcoin Stablecoin Supply Ratio (SSR) points at thinning liquidity in the sector, potentially explaining the consolidation in the asset’s price. Bitcoin SSR Rose Alongside The Earlier Price Surge As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin SSR has witnessed an increase recently. The “SSR” here refers to an indicator…
Yesterday, Bitcoin (BTC) once again faced rejection around the $120,000 resistance level after briefly reaching a high of $119,760. At the time of writing, the top cryptocurrency is trading slightly lower at $118,900. However, a sharp increase in whale inflows to Binance threatens to trigger further downside pressure for the digital asset. Binance Whales Ramp…
Key Takeaways: MARA’s $950M notes offering shows a growing reliance on convertible debt among crypto infrastructure firms. Access to capital markets is becoming a competitive advantage for miners seeking to expand their hashrate and accumulate Bitcoin. Institutional Bitcoin demand, amplified by ETF inflows, is influencing how miners allocate proceeds from large-scale fundraising. MARA Holdings has…
Strategy’s co-founder, Michael Saylor, has again displayed his company’s Bitcoin portfolio tracker, highlighting the current value of its BTC holdings. This comes amid plans to raise up to $2.5 billion through a stock offering for more BTC purchases. Michael Saylor Showcases Strategy’s Bitcoin Holdings In an X post, Michael Saylor shared an image of the…