Genius Group to Buy $120M in Bitcoin, Make BTC Its Main Treasury Asset
Genius Group adopts a “bitcoin-first” strategy, making Bitcoin its primary treasury asset after adding blockchain and Web3 experts to its board. Genius Group to Buy Bitcoin Genius Group, an AI-powered education and acceleration organization, has elected to implement a “bitcoin-first” approach, designating bitcoin as its primary treasury asset. After the company reorganized its board and […]
Supply Shock Drives Bitcoin Price Surge, Experts Say
Experts argue that while a Bitcoin-friendly U.S. administration may have contributed, the main driver behind Bitcoin‘s recent price surge is the supply shock caused by the halving event. The recent price increase of Bitcoin is not primarily attributed to Donald Trump‘s election victory in the United States. This increase was attributed to a Bitcoin-friendly administration, […]
Metaplanet Reports $28M Bitcoin Holding, Shares Drop
Tokyo-based Metaplanet reported a $28 million increase in Bitcoin holdings, now totaling 1,018.17 BTC, surpassing its market cap from early 2024. Metaplanet Reports Bitcoin Holding Metaplanet disclosed on Monday that its Bitcoin holdings have increased by $28 million since it began purchasing the asset, surpassing the company’s market capitalization at the beginning of the year. […]
Nano Labs Shares They Now Accept Bitcoin As Payment
After announcing that it is now accepting Bitcoin as payment for its products and services, shares in China-based crypto mining chip designer Nano Labs increased slightly. The Huangzhou-based crypto mining chip manufacturer, which is listed on the Nasdaq, announced in a statement on November 11 that the decision was made as part of a “commitment […]
Bitwise CIO Predicts BTC Could Hit $1M as it Surpasses $88k
Bitcoin reached $88,000 on November 11, with experts predicting it could hit $1 million due to limited supply and institutional interest. On November 11, the price of bitcoin reached a new all-time high of $88,000, which sparked discussions about the possible price of the cryptocurrency in the future. Bitwise CIO Asset Management, Matt Hougan, suggested […]