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KULR, a company adopting a bitcoin-first strategy, has recently acquired $21 million worth of BTC as part of its accumulation program. The company aims to allocate 90% of its free cash reserves to bitcoin. KULR Kicks Off 2025 by Buying Bitcoin KULR, an energy management services company, has started 2025 by filling its bitcoin coffers. … Read more
The crypto market surged to record levels in 2024, driven by institutional adoption, resulting in a new all-time high for bitcoin. Historic Market Cap for Cryptocurrencies The cryptocurrency market reached a significant market cap of $3.91 trillion in December 2024. Bitcoin‘s recent all-time high of $108,364, institutional acceptance through key BTC acquisitions, and increasing regulatory … Read more
According to the crypto firm Crypto.com, individuals in the United States can now trade stocks and exchange-traded funds (ETFs) on its platform. The service is gradually being introduced in Pennsylvania, Ohio, Washington, and Arizona, with plans to expand “across the country,” the company announced this week. Crypto.com Gradually Rolls out Stock Trading Feature Crypto.com is … Read more
U.S.-based spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Thursday, with a hefty $242.30 million in outflows draining from the 12 funds. Among them, Blackrock felt the brunt of the day’s trading, losing the most. Market Jitters: $242M Drains From U.S. Bitcoin ETFs, Blackrock Feels the Heat Data harvested from Sosovalue reveals that the … Read more
An analyst from H.C. Wainwright & Co., one of America’s most established financial institutions, anticipates an exhilarating year for bitcoin, driven by clearer regulations and enhanced institutional involvement. H.C. Wainwright’s Mike Colonnese Predicts Bitcoin to Hit $225K On Jan. 2, a CNBC report highlighted insights from H.C. Wainwright & Co., a Boston-based investment bank, indicating … Read more
QCP Capital observes that bitcoin (BTC) has faced erratic price fluctuations, largely attributed to the thin liquidity during the holiday period, which has limited any recent attempts at recovery. The Singapore-based crypto asset trading firm also shared its perspective for 2025, noting that analysts at QCP foresee a “key catalyst may come in January.” With … Read more
On New Year’s Eve, the spotlight was on spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs), which ended the year with modest gains. Bitcoin ETFs saw inflows totaling $5.32 million, while ether ETFs brought in a more impressive $35.93 million. Ethereum ETFs Shine on Dec. 31 as Bitcoin Funds Face Mixed Results On Tuesday, … Read more
Genius Group, an AI-based educational tech company, has purchased $10 million worth of bitcoin to further its “bitcoin first” strategy. The company aims to invest 90% or more of its reserves in bitcoin, striving to reach an initial target of $120 million. Genius Group Moves to Acquire $10 Million in BTC, Deepens Bitcoin First Strategy … Read more
On Monday, Bloomberg spotlighted Blackrock’s Ishares Bitcoin Trust, or IBIT, as the “greatest launch” in exchange-traded fund (ETF) history. Bitcoin Takes Center Stage as Blackrock’s IBIT Breaks Records Blackrock, the world’s largest asset manager, reached an all-time peak of $11.5 trillion in assets under management by the end of Q3 2024, thanks to significant net … Read more
Mike Belshe, CEO of Bitgo, a cryptocurrency services provider, has highlighted the growing interest among companies in adopting bitcoin as part of their reserve portfolios. Belshe remarked that the shift to a more favorable administration and the existence of ETFs have driven this change. Bitgo CEO Remarks on Change of Stance Regarding Bitcoin in the … Read more
