Japanese Firm Metaplanet Set to Invest $58.76M in Bitcoin
Metaplanet Inc. invests 8.5 billion yen in Bitcoin, increasing its crypto treasury amid Japan’s market instability. During the company’s Board of Directors meeting, Metaplanet Inc. announced a gratis allotment of its 11th series of stock acquisition rights to all common shareholders. The decision was taken to raise about 10 billion yen ($69.13 million), with 8.5 billion yen […]
Healthcare Company Semler Scientific Buys $3m in Bitcoin
Semler Scientific has added $3 million to its Bitcoin reserve, increasing its total holdings to 929 BTC. Semler Scientific, a publicly traded manufacturer of medical devices, is increasing the amount of money it has set aside for cryptocurrency with its most recent transaction, which is part of a corporate strategy centered around purchasing Bitcoin. The […]
Bitcoin Hits Extreme Fear on Aug. 5 with $168M ETF Outflow
This significant decline was triggered by Bitcoin and Ether’s sharp value drops and broader market turmoil. On August 5, US spot Bitcoin exchange-traded funds reported outflows of $168.4 million in trading, causing the Crypto Fear & Greed Index to just dip into the “Extreme Fear” zone for the first time in two years. Bitcoin Hits […]
Bitcoin ETF Trading Volume Tops $1B Amid Crypto Crash
Due to the collapsing markets and an 8% decline in Bitcoin ETF prices, high trading activity of Bitcoin ETFs was responsible for this surge. Alex Thorn, head of research at Galaxy Digital claimed in a post on the X platform that trading volumes for Bitcoin exchange-traded funds (ETFs) jumped beyond $1 billion at the start […]
Strategic Bitcoin Reserve Bill Announced, Receives Positive Community Response
The Strategic Bitcoin Reserve Bill, introduced on July 31st, aims to establish a secure network of Bitcoin vaults in the US, positioning the country as a global crypto leader. The Strategic Bitcoin Reserve Bill, which was introduced on July 31st, would establish a reserve for the largest cryptocurrency and establish an arrangement that would bring […]