Tag Archives: Bitcoin News

Metaplanet and El Salvador increased their Bitcoin holdings before prices plummeted below $91K.  Bitcoin price decreased 5% in 10 hours, reaching $89,663, on weakening market mood. Metaplanet increased its Bitcoin reserves by buying 135 BTC worth $13 million, bringing its reserves to 2,225 BTC worth more than $205 million. Simon Gerovich-run Japanese company has continued to add to its Bitcoin holdings since taking it on as a treasury investment in April 2024. Even amidst market volatility,...

Montana lawmakers voted 41-59 against letting Bitcoin into state reserves. Lawmakers rejected the bill due to concerns about its volatility and taxpayer risk. Montana’s legislature rejected House Bill 429, seeking to authorize state investment in Bitcoin, stablecoins, and precious metals. The lawmakers voted 41-59 against the bill, with the legislators purporting that the potential dangers of having taxpayers’ funds used to make investments in risky assets are a concern. Although the bill...

Rezolve Ai launches a $1 billion Bitcoin treasury program to drive AI-powered crypto payments, ensuring secure, fast, and seamless digital transactions. Rezolve Ai has taken a bold step in reshaping digital commerce by launching a $1 billion Bitcoin treasury program. The initiative commences with an initial $100 million funding since the company foresees integrating artificial intelligence and blockchain technology and cryptocurrency into worldwide trade operations throughout the long term....

Georgia submitted another bill allowing unrestricted Bitcoin investment by the state treasurer.  More US states are adopting Bitcoin reserves amid expanding crypto-friendly policies. Georgia doubled down on Bitcoin plans by adding a second reserve bill on Bitcoin, with an aim to let the state treasurer invest freely in the cryptocurrency. More US states are increasingly investing in Bitcoin, especially as former President Donald Trump, with his pro-crypto agenda, took charge of the nation....

HK Asia increases Bitcoin holdings to 8.88 BTC after board approval, signaling strong crypto confidence and attracting investor interest in digital assets. HK Asia Holdings Limited has increased its Bitcoin holdings. The company now owns nearly 9 BTC. The decision to invest in Bitcoin arrived exactly one week after its stock prices reached double their initial purchase value. HK Asia declared on February 23 that its directors supported additional investments in Bitcoin. On February 20 the...

AltVest Capital intends to raise $10 million to boost its Bitcoin holdings.  The corporation sees Bitcoin as a currency devaluation hedge. South African investment company AltVest Capital is adopting Bitcoin as a reserve asset for the treasury, and it is setting the pace in Africa as the first company to do so. The company already owns one Bitcoin and is making a bid for regulatory approval to raise another 200 million rand (about $10 million) to increase its Bitcoin holdings. AltVest...

Ki Young Ju proposes using Bitcoin to reduce U.S. debt by acquiring 1 million BTC by 2050, boosting financial strategy. A new strategy proposes using Bitcoin to help reduce U.S. debt. Over the past 15 years, Bitcoin’s market capitalization has surged to $2 trillion, driven by $790 billion in capital inflows. Ki Young Ju, the CEO of CryptoQuant, revealed these details on his X account. This shows that this year alone, Bitcoin contributed $1 trillion by injecting $352 billion in inflows....

UAE reaches $40 billion in Bitcoin holdings. It has positioned itself as a global leader in cryptocurrency adoption with favorable regulations and investments. The United Arab Emirates (UAE) has reportedly reached $40 billion in Bitcoin holdings. This move has made a significant move in the cryptocurrency market. The development exhibits the country’s increasing part in the worldwide reception of blockchain innovation and computerized resources. Both the country’s government and private...

Cathie Wood predicts Bitcoin will reach $1.5 million by 2030, driven by its limited supply and increasing demand. Cathie Wood, founder of ARK Invest, shared her bold predictions about the future of Bitcoin and the market. In a recent interview with Bloomberg, she discussed the potential for important changes in mergers and acquisitions (M&A), driven by regulatory shifts. With the Federal Trade Commission (FTC) opening many opportunities, these changes are anticipated under the Trump...

Ohio introduces legislation for Bitcoin reserve, joining Pennsylvania and Russia in exploring digital currencies for financial stability. Ohio State Representative Derek Merrin (R-Monclova Township) introduced new legislation on December 18. The bill, House Bill 703, is called the “Ohio Bitcoin Reserve Act.” It suggested the state Treasury be permitted to include BTC as an investment within its diversified investment portfolio. The proposed bill calls for the establishment of a Bitcoin fund...