Amdax Launches $23M Bitcoin Treasury in Bid to Secure 1% of Supply
Amsterdam-based digital asset manager Amdax has announced the launch of its new Bitcoin treasury initiative, aiming to accumulate up to 1% of the total Bitcoin supply. The firm has set aside an initial $23 million to kickstart the program, marking one of the boldest moves from a European crypto institution in the race for large-scale […]
Crypto Executives Launch $200M SPAC for Bitcoin Infrastructure Acquisition
A group of seasoned cryptocurrency executives has joined forces to establish a $200 million special purpose acquisition company (SPAC) targeting opportunities in Bitcoin infrastructure. The move underscores growing investor appetite for companies building the backbone of the Bitcoin ecosystem, even as the broader digital asset market experiences cyclical volatility. The new entity, reportedly spearheaded by […]
UAE Said to Hold $700 Million Worth of Mined Bitcoin
The United Arab Emirates (UAE) has quietly positioned itself among the world’s largest sovereign holders of Bitcoin, with reports indicating that the country controls roughly $700 million worth of the cryptocurrency. Unlike other governments that built their reserves through seizures of illicit assets, the UAE’s Bitcoin stockpile has been acquired through state-backed mining operations. The […]
Philippines Charts Path to a Strategic Bitcoin Reserve with 10,000 BTC
The Philippines is making a bold move toward integrating digital assets into its national financial strategy with a proposed law to establish a Strategic Bitcoin Reserve. The bill, introduced in Congress, calls for the country’s central bank to acquire 10,000 Bitcoin (BTC) over the next five years, purchasing 2,000 BTC annually, and holding it in […]
Hong Kong Builder’s Stock Soars After $483M Bitcoin Treasury Bet
A Hong Kong construction company has stunned markets after announcing a bold move into cryptocurrency, sending its stock higher. The firm disclosed a $483 million purchase of Bitcoin, making it one of the largest corporate holders of the digital asset in Asia and drawing immediate attention from global investors. The company revealed that it acquired […]