Chinese fabless integrated circuit design company Nano Labs has announced that it has opened a Coinbase account and begun accepting Bitcoin payments for its products. Its decision to expand its global transaction options coincides with Bitcoin reaching an all-time high of $90,000. Nano Labs Turn to Bitcoin In its official press release, Nano Labs stated that it is responding to the growing demand for digital currency transactions in the technology sector by accepting Bitcoin...
Read More »Semler Scientific Continues Strategic Bitcoin Investment, Increasing Stake to 1,058 BTC
Medical diagnostics company Semler Scientific has acquired an additional 47 BTC for $3 million using operating cash flow since its previous disclosure in August. Alongside its third-quarter results, the company revealed that its bitcoin holdings have reached 1,058. This stash is worth around $80 million in total purchases as of November 8th due to recent price appreciation. “Laser Focused” on Bitcoin Semler Scientific posted $13.5 million in revenue for Q3, a 17% decrease....
Read More »MicroStrategy Announces $42 Billion Capital Plan To Buy More Bitcoin
MicroStrategy (MSTR) announced on Wednesday that it plans to raise $42 billion over the next 3 years to purchase more BTC for its balance sheet, and improve “BTC yield” for its shareholders. In its Q3 earnings release, the company said that the “21/21 Plan” would involve raising $21 billion through ATM equity offerings, and $21 billion in fixed-income securities. As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve...
Read More »Metaplanet’s Bitcoin Stash Reaches $40.6 Million After Latest Purchase
Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet – often referred to as Japan’s MicroStrategy – now holds 639.503 BTC, with a current market value of around $40.6 million. The firm disclosed that it acquired the...
Read More »Bitcoin Pumps to $64K, Fed Cuts Rates, Saylor Buys More BTC: This Week’s Recap
There’s been no shortage of news over the past seven days. During this period, the total cryptocurrency market capitalization managed to add close to $140 billion. This happened on the back of significant gains charted by the majority of coins, so let’s take a closer look. First things first, the long-anticipated rate cut is now a fact. The US Federal Reserve announced on Wednesday that it is decreasing interest rates by 0.5%, a considerable move that sent ripples across all...
Read More »South Korea’s Pension Fund Invests $33.75M in MicroStrategy
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Read More »Three Comma Club: Michael Saylor Says He Personally Owns $1B in BTC
Bitcoin mining is not boiling the ocean, said Michael Saylor during the Aug. 7 interview on “Bloomberg Open Interest.” However, the asset sure is boiling the MicroStrategy founder’s blood for a future-proof finance platform. Bloomberg Television’s Sonali Basak asked the insatiable Bitcoin custodian, “Beyond MicroStrategy, how do you hold Bitcoin personally? Do you have a significant personal stack in addition to what you own through MicroStrategy and through MicroStrategy...
Read More »Arthur Hayes Warns of Second Wave Crypto Crash
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Read More »MicroStrategy (MSTR) Stock Tanks 18% in Pre-Market, Crypto Firms Bleed
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Read More »MicroStrategy to Raise $2 Billion via Class A Shares for Additional Bitcoin Purchases
MicroStrategy, the world’s largest public Bitcoin holder, has announced plans to raise up to $2 billion through the sale of its class A shares. The company made this revelation in a regulatory filing with the U.S. Securities and Exchange Commission on August 1. Details From the Filing MicroStrategy has not disclosed the specific timeline for the sale of its class A shares. However, the company stated in its filing that the funds raised would be allocated for “general...
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