Tag Archives: Bitcoin News

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...

Metaplanet raises 9.5 billion yen to accelerate Bitcoin reserves. This acquisition positions Metaplanet as a key player in the digital asset market. Japanese investment firm Metaplanet Inc. has raised 9.5 billion yen ($60.6 million) this week through two bond issuances. With these funds, the company intends to accelerate its Bitcoin purchases. Metaplanet will issue a 5 billion yen ($31.9 million) bond. It comes after the 4.5 billion yen ($28.7 million) bond issue earlier in the week. Both...

Hut 8 acquires 990 Bitcoin for $100 million. Now, it has reached $1 billion in holdings. The strategic reserve supports capital growth plans. Hut 8, one of North America’s largest Bitcoin miners, has announced the purchase of 990 Bitcoin for $100 million. The acquisition brings the company’s endemic Bitcoin holdings to 10,096, at once worth in trim exceeding $1 billion as of December 18, 2024. This news was shared on the Hut 8 official X account. The price of the newly acquired Bitcoin is an...

MARA Holdings acquires 15,574 BTC for $1.53 billion and plans further Bitcoin purchases, boosting its position in crypto market. MARA Holdings has made significant moves to expand its Bitcoin holdings, acquiring 15,574 BTC for approximately $1.53 billion. At that time, Bitcoin was priced at around $98,529 per BTC. The news was shared through the company’s MARA X account. Aside from this acquisition, MARA also repurchased about $263 million of its existing convertible notes due 2026. According...

El Salvador adjusts Bitcoin policies under IMF loan deal, reducing government involvement and merchant requirements, boosting financial stability. El Salvador is making significant changes to its Bitcoin strategy as part of a $1.4 billion loan deal with the International Monetary Fund (IMF). The Central American country will receive the loan over the next 40 months. In return, El Salvador has agreed to adjust its Bitcoin policies. As pointed out by the IMF, these changes are intended to help...

Metaplanet raises 4.5 billion yen to expand Bitcoin holdings, boosting stock prices and strengthening its position in the crypto market. In a major development, Metaplanet, often referred to as Japan’s MicroStrategy, raised 4.5 billion Japanese Yen through the issuance of ordinary bonds on December 17. These bonds, which carry no interest, were sold to EVO FUND. The bonds have a maturity date set for June 16, 2025. The money received will go towards purchasing more bitcoins for the company to...