Tag: Bitcoin
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MicroStrategy Sets Sights on $42 Billion Bitcoin Goal
MicroStrategy, the largest corporate holder of Bitcoin, announced a plan to raise $2 billion through a preferred stock offering. This marks another bold step in the company’s aggressive Bitcoin acquisition strategy, driven by its ambitious 21/21 Plan. The initiative aims to generate $42 billion over three years using various financial tools. The Virginia-based company plans…
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deVre CEO predicts USA to acquire upto 400k Bitcoin in ‘25
The United States could acquire up to 400,000 Bitcoins in 2025, according to Nigel Green, CEO of deVere Group. Known for his optimistic crypto forecasts, Green believes this potential Bitcoin reserve would revolutionize U.S. financial strategy. It could also ignite an unprecedented market surge, as outlined in a note shared with crypto.news. Green’s prediction aligns…
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BlackRock’s iShares Bitcoin Trust Sees Record Bitcoin Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow on January 2, signaling a volatile start to 2025 for crypto ETFs. A massive $332.62 million exited the fund that day, marking the highest outflow since its inception on January 11, 2024. This surge in withdrawals extended IBIT’s outflow streak to three consecutive days, with…
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Switzerland Advances Bitcoin Proposal for Central Bank Reserves
Switzerland’s Federal Chancellery has approved the submission of the “Bitcoin Initiative,” a proposal seeking to amend the Swiss Federal Constitution to require the Swiss National Bank (SNB) to hold Bitcoin (BTC) as part of its reserves. The initiative, titled “For a Financially Strong, Sovereign, and Responsible Switzerland,” aims to amend Article 99 of the constitution.…
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Riot Platforms Buys 667 BTC for $69 Million, Boosting Holdings to 17,429 BTC
Bitcoin mining giant Riot Platforms has purchased 667 BTC for $69 million, according to recent SEC filings. The company secured the acquisition at an average price of $101,135 per Bitcoin. With this purchase, Riot’s total Bitcoin holdings now stand at 17,429 BTC. At current market prices, the company’s Bitcoin reserves are valued at approximately $2…
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Bitcoin Reaches Historic $100,000 Milestone, Driven by Pro-Crypto Developments
Bitcoin surpassed the $100,000 threshold for the first time on Thursday, marking a historic achievement for the flagship cryptocurrency. The milestone follows a wave of optimism sparked by Donald Trump’s presidential victory, alongside growing institutional interest and pro-crypto regulatory prospects. At 04:20 GMT, Bitcoin traded at $102,793, climbing 2.6% from the previous session. The cryptocurrency…
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Bitwise Proposes Bitcoin-Ethereum Spot ETF to SEC
Bitwise Asset Management has submitted a proposal for a Bitcoin-Ethereum combined spot ETF to the SEC. This move follows Bitwise’s success with its Bitcoin spot ETF earlier this year and its recent launch of Bitcoin ETF options. The new proposal aims to balance exposure between Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.…
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Bitcoin Hits Record High, Approaches $100,000
Bitcoin reached a new all-time high of $97,500 on Thursday, continuing a rally fueled by shifting market dynamics and optimism over U.S. regulatory developments. The cryptocurrency’s price is now less than 3% away from the $100,000 milestone, marking a historic moment for digital assets. Key Points: Catalysts for the Rally The ongoing rally has been…
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Bitcoin ETFs Record Historic Inflows as Bitcoin Hits New All-Time High
Spot Bitcoin ETFs in the United States maintained their positive inflow momentum for a sixth straight day, recording net inflows of $510.11 million on Nov. 13. This milestone coincided with Bitcoin’s surge past $93,000 for the first time, sparking increased interest in these funds. Key Points: BlackRock’s IBIT has consistently led inflows, logging $29.15 billion…
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Bitcoin hits ATH; crosses $75,000 as Trump leads close race
Bitcoin surged past $75,000 on Tuesday night, setting a new all-time high, fueled by investor optimism tied to the ongoing U.S. election. The cryptocurrency gained more than 10% in just 24 hours, reflecting market enthusiasm for former President Donald Trump’s possible return to the White House and his pro-crypto stance. Key Points: Bitcoin’s rally highlights…