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Microstrategy has finalized a $3 billion convertible note offering, further bolstering its position as a leading bitcoin (BTC) holder with 331,200 BTC now valued at $32.519 billion. Microstrategy Finalizes Convertible Notes Sale Worth $3 Billion Microstrategy Incorporated (Nasdaq: MSTR), known for its significant bitcoin (BTC) investments, has completed a $3 billion offering of convertible senior … Read more
According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve. This idea sparked a response from economist and gold bug Peter Schiff, who shared his perspective on the concept of a BTC reserve. Trump’s Transition Reportedly Eyes Bitcoin Reserve, Schiff Fires Back at Fiscal Misstep On Thursday, … Read more
On the heels of Coinbase revealing that Coinbase Wallet users holding USDC can now earn a 4.7% annual percentage yield (APY), Arthur Hayes hopped on social media to highlight the appeal of USDE’s much higher 29% APY. Hayes Mocks Coinbase’s Conservative Stablecoin Reward Approach This week, Coinbase, the San Francisco-based exchange, revealed a new perk … Read more
Donald Trump’s victory signaled a vital shift in crypto sentiment, moving from cynicism to a defiant belief in the growth of cryptocurrencies in the U.S. Crypto to Witness Massive Gains Under Trump Presidency Bybit, a cryptocurrency exchange, and Blocks Scholes published their latest institutional report with key takeaways from the U.S. election and the crypto … Read more
The cryptocurrency market is experiencing a sharp rise in altcoin prices following the U.S. presidential election, fueled by expectations of a pro-crypto administration, according to Cryptoquant’s latest analysis. Report Highlights Altcoin Price Spikes Amid Hopes of Pro-Crypto U.S. Leadership Cryptoquant analysts report that layer one (L1) cryptocurrencies have surged significantly, with notable increases observed in … Read more
On Thursday, bitcoin (BTC) hit $98,367 per coin before sliding to $96,524. That same day, a dormant whale from 2016 stirred after eight years, spending a hefty 500 BTC, now valued at $48.26 million. Long-Term Holders Come out of the Woodwork Long-term holders (LTHs) are stepping into the spotlight as bitcoin’s price ascends. Glassnode’s latest … Read more
On Thursday, Nov. 21, ethereum (ETH) took the lead, climbing over 7% while bitcoin managed a 3% increase. Ether Dominance Shrinks, But Today It Steals the Spotlight from Bitcoin This year has been a rocky road for ethereum (ETH), but on Thursday, the digital asset reached an intraday peak of $3,362 per ether. As of … Read more
Bitcoin (BTC) continues to smash new lifetime price highs and long-term holders are starting to awake from slumber, according to Glassnode’s recent analysis. Institutional Investors Anchor Bitcoin’s Ascent as Analysts Warn of Profit-Driven Sell-Offs Glassnode and analysts Cryptovizart and Ukuria OC reported that this month’s surge was driven by capital inflows of $62.9 billion over … Read more
Michael Saylor, co-founder and Executive Chairman of Microstrategy, the company that pioneered Bitcoin reserves among institutions, seems to have found an infinite money glitch that turns debt and bitcoin into more money and bitcoin. But what’s the endgame, and is it sustainable? Michael Saylor’s Bitcoin Infinite Money Glitch Criticized Michael Saylor, once a bitcoin critic, … Read more
The recent rise in the price of bitcoin due to geopolitical issues is prompting nations to consider introducing BTC as part of their reserves. In this context, countries like El Salvador, which is already purchasing bitcoin, might consider issuing debt to fund larger purchases. El Salvador Could Increase Its Bitcoin Purchases Issuing Debt Bitcoin has … Read more