November 21, 2024 at 09:50 AM GST updated: November 21, 2024 at 09:54 AM 2 mins read News Acurx Pharmaceuticals to invest $1M in bitcoin, citing its inflation-resistant and value-store qualities. Biotech firms like Hoth and Enlivex join Acurx in adopting bitcoin as a treasury reserve strategy. Institutional backing and bitcoin ETF approvals drive corporate…
November 18, 2024 at 12:10 PM GST updated: November 18, 2024 at 12:06 PM 2 mins read News Mentzen’s Bitcoin reserve plan aims to diversify Poland’s economy and combat inflation risks. Inspired by U.S. trends, Mentzen’s proposal reflects growing global adoption of Bitcoin as a reserve asset. Polish candidate Mentzen highlights Bitcoin’s fixed supply as…
November 18, 2024 at 04:55 AM GST updated: November 18, 2024 at 04:44 AM 2 mins read News MicroStrategy’s Bitcoin holdings now total $26 billion, surpassing global corporate cash reserves. The company’s stock has surged 2,500% since accumulating Bitcoin in 2020. MicroStrategy plans to raise $42 billion for continued Bitcoin purchases over three years. MicroStrategy,…
November 16, 2024 at 02:40 PM GST updated: November 16, 2024 at 02:38 PM 2 mins read News Thumzup Media invests $1 million in Bitcoin to strengthen its treasury reserves and ensure future stability. CEO Robert Steele cites Bitcoin’s demand and inflation protection as key reasons for the investment. Thumzup’s move aligns with the growing…
A Pennsylvania lawmaker has introduced a bill allowing state funds to invest in bitcoin as a hedge against inflation, aiming to strengthen financial stability. Bill Introduced in Pennsylvania to Build Bitcoin Reserves for State Funds Pennsylvania State Representative Mike Cabell announced Tuesday that he is introducing a bill to allow the state’s Treasury and pension…
Galaxy Digital’s CEO predicts bitcoin could soar to $500,000 if Trump follows through with plans for a U.S. strategic bitcoin reserve, redefining global crypto policy. $500,000 Bitcoin? Bold Predictions as US Considers Strategic Crypto Reserve Michael Novogratz, CEO of Galaxy Digital, has predicted that bitcoin’s value could surge to $500,000 if the U.S. establishes a…
On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding…
MARA, one of the largest bitcoin miners traded on the public market, acquired 192 BTC in September, while also holding onto all the bitcoin it mined during the month. MARA Strengthens Mining Operations, Grows Bitcoin Reserves to 26,842 This week, the publicly listed bitcoin (BTC) mining company MARA (Nasdaq: MARA) highlighted several operational improvements for…
October 3, 2024 at 02:20 PM GST updated: October 3, 2024 at 10:27 AM 2 mins read News Rep. Ro Khanna advocates for the U.S. to retain seized Bitcoin as a strategic reserve asset to enhance financial leadership. Khanna highlights Bitcoin’s advantages over gold, citing lower storage costs and resistance to foreign inflation. Khanna co-sponsored…
Este artículo también está disponible en español. Recent changes in the behavior of Bitcoin on the market suggest the coin could be preparing for its next significant bull run. One important consideration is the fall in Bitcoin reserves on exchanges. Less of Bitcoin is accessible for trading as owners migrate it to cold storage. Historically,…
September 12, 2024 at 02:00 AM GST updated: September 12, 2024 at 01:33 AM 2 mins read News Bitcoin exchange reserves drop as stablecoin balances rise, signaling potential buying power buildup for a bullish market move. 30-day data shows Bitcoin withdrawals exceeding deposits, hinting at reduced selling pressure and possible price surge. Growing institutional interest…