Strategy, the digital asset-focused firm led by Michael Saylor and known as the largest corporate holder of Bitcoin, is launching a new financial product designed to raise $500 million for further BTC accumulation. The company announced plans to conduct an initial public offering of a new class of preferred stock called the Variable Rate Series…
Jack Dorsey’s payments company Block has laid out a policy agenda that it argues could unlock Bitcoin’s evolution from reserve asset to routine means of payment in the United States. “A path towards Bitcoin as everyday money,” Dorsey posted on X today, amplifying a detailed blog post and earlier thread by Thomas Templeton, the company’s…
Singapore-headquartered edtech firm Genius Group has doubled its Bitcoin holdings to 200 BTC after acquiring 20 BTC last week, part of a wider strategy to build a 10,000-BTC treasury. Key Takeaways: Genius Group increased its Bitcoin holdings to 200 BTC in July. The boost is part of a long-term 10,000-BTC treasury plan. The company is…
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…
TL;DR International law enforcement coordinated to take down BreachForum, arresting five administrators including IntelBroker (Kai West). Breakthrough came when IntelBroker accepted Bitcoin instead of Monero for a controlled purchase, enabling blockchain analysis. Chainalysis Reactor helped trace cryptocurrency flows through multiple exchanges, connecting IntelBroker’s digital persona to his real identity. The case demonstrates how blockchain analytics,…
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…
Investment products tied to crypto assets have witnessed their strongest inflow week to date, according to the latest report from CoinShares. The European-based digital asset investment firm disclosed that institutional investors poured $4.39 billion into crypto-related investment vehicles last week, setting a new all-time record for weekly inflows. This figure surpasses the prior peak of…
US President Donald Trump’s social media company, Trump Media, has revealed its multi-billion Bitcoin (BTC) holdings as part of its crypto treasury strategy. The news follows the President’s recent post praising the flagship cryptocurrency. Trump Media Continues Bitcoin Treasury Strategy On Monday, Trump Media and Technology Group (TMTG) announced that the company has accumulated approximately…
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…