Strategy Buys $264M in Bitcoin, Holdings Hit 712,647 BTC
Strategy, a Bitcoin treasury business, purchased an extra 2,932BTC, or 0.24%. over around $264.1 million between January 20 and January 25 at an average price of $90,061 per bitcoin, according to a Monday 8-K filing with the Securities and Exchange Commission. According to Michael Saylor, the company’s co-founder and executive chairman, Strategy currently owns 712,647 […]
Japan Set to Approve Cryptocurrency ETFs in 2028
According to a Nikkei Asia story, Japan may approve its first batch of cryptocurrency exchange-traded funds as early as 2028. According to Nikkei, the Financial Services Agency intends to add cryptocurrencies to the list of basic assets for exchange-traded funds (ETFs) along with improved investor safety measures. According to the article, two of Japan’s biggest […]
A16z-Backed Entropy Ends Operations, Refunds Investors
Tux Pacific, the CEO and founder of Entropy, claims that the initiative failed to identify a scalable business model after four years and several changes. Entropy, a cryptocurrency start-up, is shutting down and returning investors’ money because to problems with growing and finding product-market fit. Tux Pacific, the CEO and founder of Entropy, wrote to […]
BTC Weakens Into Weekly Close With $86K at Risk
Bitcoin commenced a decline in gains as US futures readied for opening, with markets poised to confront several potential drivers for bearish volatility. Bitcoin experienced multi-day lows leading into Sunday’s weekly closing as bulls confronted a week of macroeconomic uncertainty. Data from TradingView indicated a 1.6% decline for BTC/USD, which attained $87,471 on Bitstamp. According […]
GameStop’s $420M Bitcoin buy raises selling concerns
While blockchain data validates the migration to Coinbase Prime, the transfer might potentially signify internal asset management or custody. Crypto watchers are predicting that video game retailer GameStop (GME) would be the first corporation to leave its bitcoin treasury after sending all its coins to Coinbase this week. Blockchain analytics firm CryptoQuant detected on Friday […]