Tag: Bitcoin

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 U.S. to adopt this initiative, allowing it to acquire and hold ...

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 ETFs to an unnamed nation-state. This nation is considering reallocating a ...

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 Budsaratragoon, Secretary-General of the Securities and Exchange Commission (SEC), reportedly revealed ...

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 to file a Form S-1 with the U.S. Securities and Exchange ...

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 research note shared via an X post. This was primarily reflected ...

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 the approach of industry leaders like MicroStrategy. Since launching its Bitcoin ...

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 $94,375 per Bitcoin. The company plans to utilize its idle funds ...

Nano Labs Ltd, a leading Chinese fabless integrated circuit design company, has announced a strategic partnership with cryptocurrency asset management platform BitFi. The collaboration, facilitated through Nano Labs' subsidiary Nano Bit HK Limited, aims to develop innovative Bitcoin asset management solutions and bolster the company’s engagement with the Bitcoin ecosystem. ...

Heritage Distilling Holding Company has announced its decision to embrace Bitcoin as part of a new corporate sales and treasury strategy according to the company's press release.  The company’s Board of Directors approved a Bitcoin Treasury Policy Statement aimed at accepting Bitcoin as payment for products and services through its ...

The U.S. Department of Justice (DOJ) plans to sell 69,370 Bitcoin (BTC), valued at over $6.5 billion, seized from the Silk Road darknet marketplace. This decision comes after a court ruling on December 30, which concluded a lengthy legal dispute with Battle Born Investments, a party claiming ownership of the ...