MicroStrategy Buys Additional 12,000 BTC Worth $800M
MicroStrategy has concluded a new convertible note offering worth $800 million. Funds from the offering were utilized to purchase an additional 12,000 BTC to add to its treasury reserve. The announcement of MicroStrategy’s intention to issue a fresh series of convertible notes coincided with Bitcoin’s ascent to a record high on March 6. On March […]
United States Gov’t Transfers $922M Worth of Seized Bitcoins
The United States government transferred $922 million from two Bitcoin wallets containing funds seized from Bitfinex in 2016 on the same day Bitcoin crossed the $60,000 mark for the first time in over two years. The transfers by the U.S. government transpired on February 28, the same day that Bitcoin surpassed $60,000 for the first […]
Bitcoin Ranks Top 10 as World’s Largest Asset by Market Cap
Bitcoin is currently ranked tenth among the greatest assets in the world in terms of market capitalization, surpassing even Tesla and Visa. The cryptocurrency with the largest market capitalization, Bitcoin, has demonstrated its position in the financial market by moving up the ladder to become one of the top assets in the world. The Market […]
Germany Seizes 50K BTC Connected to Piracy Websites
As a component of an inquiry into copyright infringements, authorities in the German state of Saxony purportedly seized approximately 50,000 Bitcoin earned from piracy websites. The Saxony police announced on January 30 that they collaborated with tax authorities and prosecutors to seize the Bitcoin, allegedly associated with two Polish and German nationals. As per the […]
Arthur Hayes Predicts BTC to Dump Below $40,000
BitMEX co-founder Arthur Hayes predicts Bitcoin (BTC) price will fall below $40,000, $200 for Solana (SOL), and $5000 for Ethereum until the US Treasury’s quarterly refunding announcement. In a January 22 post, billionaire Arthur Hayes, co-founder of BitMEX, expresses his pessimistic outlook on Bitcoin. Arthur Hayes, co-founder of BitMEX, predicted the price of Bitcoin on […]