Cypherpunk Holdings – DIGIT INFO

Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC

DIGIT — Mon, 17 Oct 2022 14:00:36 +0000

During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates. $1.1 […]

Go to Source

Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

DIGIT — Mon, 18 Jul 2022 13:30:18 +0000

During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately […]

Go to Source

Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum

DIGIT — Thu, 30 Jun 2022 08:50:23 +0000

On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the […]

Go to Source

Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million

DIGIT — Thu, 10 Dec 2020 05:15:02 +0000

BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The Canadian Securities Exchange-listed firm spent about CAD$1 million ($775,000) on its latest buy. The company said it “believes strongly in […]

The post Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million appeared first on Bitcoin News.

Go to Source

Bitcoin Bar ‘Room 77’ Shuts Down

DIGIT — Mon, 19 Oct 2020 17:00:45 +0000

Room 77, the German bar and restaurant that claims to be the first retail outfit in the world to accept bitcoin payments, has shut down. Cypherpunk Holdings chief economist Jon Matonis broke the news on Twitter. Bar owner Jorg Platzer later confirmed it on Reddit. “Room 77 is closing for good,” Platzer revealed in a […]

The post Bitcoin Bar ‘Room 77’ Shuts Down appeared first on Bitcoin News.

Go to Source