Cathedra Bitcoin cools off mining to tap MicroStrategy playbook
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy. Go to Source
Bitcoin Investment
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Bitcoin ETFs record combined $1.2B in outflows in 8 days
Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs. Go to Source
Dell results show no signs of Bitcoin despite CEO’s bullish comments
Many had expected to see Dell add itself within a list of companies with Bitcoin on their balance sheet as it filed its Q2 earnings report. Go to Source
Metaplanet secures 1B yen loan to buy more Bitcoin
Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one of its shareholders to buy more Bitcoin. Go to Source
Japanese firm Metaplanet to invest $58.76M in Bitcoin
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility. Go to Source
Crypto has more potential than stocks, real estate — Kraken survey
Over 70% of survey respondents prefer coins like Bitcoin, while the rest indicated an interest in emerging coins and memecoins. Go to Source
Bitcoin investment fund opens doors to EU citizenship
A new fund offers a way to gain citizenship in Portugal by indirectly investing over $500,000 into Bitcoin. Go to Source
Metaplanet completes Bitcoin buying goal with another $1.2M purchase
Since its first Bitcoin purchase, the company’s stock price surged 810% from about $0.12 to $1.10. Go to Source
Japanese public firm Metaplanet buys another $2.5M of Bitcoin
After completing the latest purchase, Metaplanet holds a total of 203,734 BTC bought at the average price of around $62,000 per BTC. Go to Source
Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to $40,000
American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at the $60,000 level. Portnoy’s Bitcoin Bet: Barstool Sports … Read more