Bitcoin mining company BitFuFu has revealed its intention to acquire a majority stake in a mining facility in Oklahoma. In a press release dated January 16, the company announced it had signed a letter of intent for the acquisition,...
Texas Senator Charles Schwertner has proposed Senate Bill 778 (SB 778) to establish a Strategic Bitcoin Reserve, positioning the state as a leader in economic growth and financial freedom. If approved, Texas would become the first state in the...
Hunter Horsley, the CEO of Bitwise Asset Management, announced that a national government is considering investing in Bitcoin, including exchange-traded funds (ETFs). On January 16, Horsley shared a post on X, revealing that they have provided information about Bitcoin...
Thailand is exploring the launch of its first locally listed Bitcoin exchange-traded fund (ETF) as it aims to establish itself as a digital asset hub in Asia, according to a report by local news outlet, The Edge Malaysia. Pornanong...
U.S. based asset management firm Osprey Funds is preparing to convert its Bitcoin trust into an exchange-traded fund (ETF) following the collapse of its acquisition deal with Bitwise. In a statement on January 14, the firm announced its intention...
Swiss-based digital asset bank Sygnum has secured $58 million in an oversubscribed Strategic Growth Round, elevating its valuation to over $1 billion and earning the title “unicorn.” The funding announced on January 14 was led by Fulgur Ventures, a...
Intesa Sanpaolo, Italy's largest banking group, has become the first Italian bank to engage with Bitcoin directly, marking Italy's entry into the global trend of cryptocurrency adoption. A report by Wired Italia confirmed that Intesa Sanpaolo purchased 11 Bitcoin...
Bitcoin is expected to remain in a consolidation phase as long as conversions from fiat to stablecoins remain subdued, according to Matrixport, a digital asset firm based in Singapore. Matrixport highlighted a "significant slowdown" in fiat-to-crypto on-ramps in a...
Global fintech leader UTGL has announced a significant expansion of its Bitcoin holdings, reinforcing its confidence in the cryptocurrency as a transformative financial asset. This expansion emphasizes UTGL's strategy to utilize Bitcoin for long-term economic resilience, which aligns with...
Ming Shing Group Holdings Limited has announced a strategic investment in Bitcoin. According to a recent press release, Lead Benefit (HK) Limited, a wholly-owned subsidiary, has acquired 500 Bitcoins for approximately $47 million, with an average purchase price of...
