The crypto advocate is preparing to lead ProCapBTC in bid to mirror the bitcoin treasury strategy pioneered by Strategy’s Michael Saylor, the Financial Times reported. What to know: Anthony Pompliano, a longtime cryptocurrency evangelist and CEO at Professional Capital Management, is set to become CEO of ProCapBTC, a new investment vehicle aiming to acquire large […]
Glassnode data shows all wallet cohorts are now accumulating, with options markets pricing in potential upside beyond $200K in June. What to know: Bitcoin BTC$109,790.15 has entered a strong accumulation phase across all wallet cohorts for the first time since January, signaling renewed bullish sentiment as the largest cryptocurrency trades above $110,000, an 18% gain over the […]
The Michael Saylor-led company now holds 568,840 bitcoin. What to know: Fresh off the heels of last week’s Strategy Conference, Strategy (MSTR) has resumed its bitcoin (BTC) accumulation, purchasing an additional 13,390 BTC. The company spent approximately $1.34 billion at an average price of $99,856 per bitcoin, according to a filing published on Monday. This latest acquisition […]
Bitcoin may not fit the traditional mold of a safe haven, but in a world of rising sovereign risk and broken financial norms, it may be time to redefine what ‘safe’ actually means. What to know: The idea of “safe haven” assets—traditionally marked by gold and government bonds—amid market turmoil, is being tested like never […]
Another indicator, though, continues to point to downward price pressure. What to know: Prices remain under pressure and sentiment is so weak one would think it’s 2022 all over again, but for the first time in nearly a year, bitcoin (BTC) whales are buying. Following months of distribution as bitcoin surged to a record high […]
The company used proceeds from the sale of common stock for this latest purchase. What to know: Michael Saylor-led Stategy (MSTR) brought its bitcoin stake above 500,000 tokens with additional purchases made last week. The company purchased 6,911 bitcoin for $584.1 million, or an average cost of $84,529 per token, according to a filing Monday morning. That […]
Bitdeer currently holds 855 BTC, valued at approximately $69 million. What to know: Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022. In a tweet, the bitcoin mining company said it paid an average of […]