Tag: Bitcoin

Japanese investment firm Metaplanet has secured 9.5 billion yen (approximately $60.6 million) through two bond issuances to bolster its Bitcoin acquisitions. In a December 20 X post, the Tokyo-listed company announced it successfully raised 5 billion yen (approximately $31.9 million). This follows a previous issuance of 4.5 billion yen (about ...

OKX has introduced the Ordinals Launchpad, a new platform designed to help creators seamlessly launch and inscribe their projects directly on the Bitcoin blockchain. The platform equips creators with essential tools, visibility, and technical support to streamline the Bitcoin inscription process. The Ordinals Launchpad platform is now accessible via web ...

The total value of Hut 8’s Bitcoin holdings now exceeds $1 billion following a $100 million purchase. In a December 19 press release, the Bitcoin miner revealed that it had acquired 990 BTC at an average price of $101,710 per Bitcoin. This latest purchase brings its total Bitcoin holdings to 10,096 ...

El Salvador has reached a $1.4 billion financing agreement with the International Monetary Fund (IMF) under a 40-month Extended Fund Facility. The deal, aimed at addressing the country's balance of payment challenges and advancing its reform agenda, comes with a significant condition: scaling back its Bitcoin-related activities within the public ...

Japanese investment firm Metaplanet expects to post its first consolidated operating profit since 2017 in its next shareholder report. On December 18, the Tokyo-based company announced its fiscal year projections for 2024, forecasting ¥890 million ($5.8 million) in revenue, a sharp increase from ¥261 million last year. It expects its ...

Bitfinex predicts Bitcoin will reach $200,000 by mid-2025, following a year filled with significant milestones, including the launch of the first-ever spot crypto ETF. A recent report indicates that Bitcoin's halving event in 2024 typically signals a bullish market trend in the following year. The report also emphasizes that ongoing ...

Babylon Labs, a major player in Bitcoin staking with over $2 billion in Total Value Locked (TVL), has partnered with SatLayer. This collaboration aims to improve Bitcoin's staking and restaking capabilities, enhancing liquidity, security, and capital efficiency for Bitcoin holders across various blockchain applications. SatLayer will become the primary restaking ...

Riot Platforms, a leading player in Bitcoin infrastructure, has acquired 705 Bitcoins for about $68.45 million in a transaction completed earlier today, according to data from Arkham Intelligence. The transaction involved $68.26 million worth of Bitcoin, distributed across six wallets. This amount originated from five unidentified sources, with a smaller ...

Japanese consulting firm Remixpoint has increased its crypto holdings to $27.59 million following a $1.38 million Bitcoin purchase, according to Yahoo Japan. The company, which operates in the energy and automotive sectors, reportedly acquired an additional 13.24 BTC on December 5 and 6, spending ¥213.9 million (approximately $1.38 million). This ...

Ken Sim, the mayor of Vancouver, has proposed that the city explore integrating Bitcoin into its financial systems as a potential strategy to combat inflation and safeguard its purchasing power. On December 11, Mayor Sim introduced a motion titled “Preserving the City’s Purchasing Power Through Diversification of Financial Reserves – ...