CRYPTO
Strategy Acquires 10,100 BTC, Surpasses 592,000 Bitcoin in Holdings
Strategy buys 10,100 BTC for $1.05B, bringing total holdings to 592,100 BTC—reinforcing its Bitcoin-focused treasury strategy. Michael Saylor’s Strategy announces it has purchased an additional 10,100 BTC for approximately $1.05 billion, raising its total holdings to 592,100 BTC acquired at an average cost of $70,666 per Bitcoin. Strategy added another 10,100 Bitcoin to […]
Walmart and Amazon Explore Issuing Their Own Stablecoins, Good Idea?
Do we need more stablecoins? Corporate coins could take payments activity away from banks and the traditional financial system. I am 100% O.K .with that. What Is a Stablecoin? A stablecoin is a type of cryptocurrency that is pegged to another asset, typically the U.S. dollar. Regulation will likely ensure […]
UK Gold Mining Company Bluebird to Convert Gold Revenues into Bitcoin
Bluebird Mining Ventures Ltd. will adopt bitcoin as a treasury reserve asset and convert future gold revenues into Bitcoin. Bluebird Mining Ventures Ltd., a pan Asian gold project development company, recently announced a major strategic shift. It plans to convert future revenues from its gold mining projects into bitcoin and adopt bitcoin […]
America’s Dollar Dominance Depends on GENIUS
This week’s vote on stablecoin legislation ensures that finance will continue to be dollar-denominated and governed by American values, says Kristin Smith. We are closer than ever to cementing America’s global leadership in digital asset innovation. Next week, the Senate will hold its final vote on the Guiding and Establishing […]
Anthony Pompliano Set to Head $750M Bitcoin Investment Vehicle: FT
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 […]
JP Morgan Bends the Knee to Bitcoin
Marty’s Bent J.P. Morgan CEO Jamie Dimon has long been an outspoken skeptic and critic of bitcoin. He has called Bitcoin a speculative asset, a fraud, a pet rock, and has opined that it will inevitably blow up. A couple of years ago, he was on Capitol Hill saying that […]
Billionaire Winklevoss Twins-Backed Exchange Gemini Files With SEC For Planned IPO
Specific details around the size and valuation of the offering remain undisclosed. What to know: Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company. The firm announced Friday that it has confidentially […]
Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin
Meanwhile, a life insurance company that operates entirely in Bitcoin, has become the first business in the world to publish fully audited financial statements denominated in BTC. Meanwhile Insurance Bitcoin (Bermuda) Limited (“Meanwhile”) announced it has become the first company in the world to release externally audited financial statements denominated entirely in Bitcoin. […]
Bitcoin ATM Operator CoinFlip Explores Potential $1B Sale: Bloomberg
The company could become the latest crypto firm to sell as bitcoin’s rally fuels an acquisition boom. What to know: CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential sale as merger and acquisition activity heats up across the digital asset sector, according to Bloomberg. The […]
Bitcoin Miner MARA Holdings Posts Record Block Wins, Produces 950 BTC in May
The company’s bitcoin output rose 35% month-over-month, hitting its highest level since the 2024 halving. What to know: Bitcoin miner MARA Holdings (MARA) produced 950 BTC in May, a 35% increase from the previous month and its strongest output since the Bitcoin halving in April 2024, the company said Tuesday. The firm […]
