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Showing posts with the label BTC

Strategy's $10 Trillion Ambition: Bitcoin as the Catalyst

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Strategy's $10 Trillion Ambition: Bitcoin as the Catalyst In a recent Financial Times documentary, Michael Saylor, co-founder of Strategy (formerly MicroStrategy), expressed confidence in the company's trajectory toward becoming a $10 trillion enterprise. This ambitious vision is anchored in the firm’s substantial Bitcoin holdings and aggressive capital acquisition strategies. As of May 2025, Strategy holds approximately 568,840 Bitcoins, valued at around $59 billion, positioning it as the largest c... Coinatory cryptonews

Bitcoin Enters Deflationary Phase Amidst Institutional Accumulation

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Bitcoin Enters Deflationary Phase Amidst Institutional Accumulation Bitcoin has entered a deflationary phase, propelled by aggressive institutional accumulation that now outpaces the rate of new coin issuance. Leading this trend is Strategy, formerly known as MicroStrategy, which has amassed 555,450 BTC—valued at over $58 billion—rendering these holdings effectively illiquid. According to CryptoQuant CEO Ki Young Ju, this level of accumulation contributes to an estimated annual deflation rate of -2.23% for Bi... cryptocurrency news today

Saylor Signals Impending Bitcoin Purchase Following Q1 Earnings Call

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Saylor Signals Impending Bitcoin Purchase Following Q1 Earnings Call Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), has signaled an impending Bitcoin acquisition following the company's Q1 2025 earnings call. This move would mark the fourth consecutive week of Bitcoin purchases by the firm, underscoring its aggressive accumulation strategy. On April 28, Strategy acquired 15,355 BTC for approximately $1.42 billion, bringing its total holdings to 553,555 BTC. This acquisi... Saylor Signals Impending Bitcoin Purchase Following Q1 Earnings Call Coinatory

Bitcoin Advocates Criticize Arizona Governor’s Veto

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Bitcoin Advocates Criticize Arizona Governor’s Veto Arizona Governor Katie Hobbs faced sharp criticism from Bitcoin proponents and financial policy advocates after vetoing Senate Bill 1025, known as the Arizona Strategic Bitcoin Reserve Act. The legislation, spearheaded by State Senator Wendy Rogers and Representative Jeff Weninger, sought to authorize the state to invest seized funds into Bitcoin and create a cryptocurrency reserve under government management. Rogers, a vocal supporter of dig... Coinatory cryptonews

Arizona Governor Vetoes Bitcoin Reserve Bill

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Arizona Governor Vetoes Bitcoin Reserve Bill A gubernatorial veto has put a stop to Arizona's plan to include Bitcoin in its official reserves. Citing the dangers of investing public monies in erratic and "untested" digital assets, Governor Katie Hobbs vetoed Senate Bill 1025. The Digital Assets Strategic Reserve Act was a proposed law that would enable Arizona to create a state-managed cryptocurrency reserve and invest confiscated cash in Bitcoin. The law was officially vetoed on Frida... Coinatory crypto news

CIA Deputy Director: Bitcoin Integral to U.S. National Security

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CIA Deputy Director: Bitcoin Integral to U.S. National Security In a recent interview, Deputy CIA Director Michael Ellis underscored the growing role of Bitcoin in U.S. national security operations. Speaking with market analyst and investor Anthony Pompliano, Ellis stated that the agency is actively integrating Bitcoin into its intelligence framework, working alongside law enforcement to monitor blockchain transactions and leverage cryptocurrency in counter-intelligence operations. "Bitcoin is here to sta... cryptocurrency news Coinatory

Metaplanet Launches U.S. Subsidiary with $250M for Bitcoin Expansion

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Metaplanet Launches U.S. Subsidiary with $250M for Bitcoin Expansion Japanese investment firm Metaplanet Inc. has announced the creation of a wholly owned U.S. subsidiary, Metaplanet Treasury Corp., headquartered in Miami, Florida. This strategic move aims to raise up to $250 million to support its expanding Bitcoin accumulation strategy and engage U.S. institutional investors. The decision to establish operations in Florida underscores the state's rising prominence as a hub for digital assets and financial in... cryptocurrency news today

BlackRock's IBIT ETF Sees $970M Inflow Amid Bitcoin Surge

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BlackRock's IBIT ETF Sees $970M Inflow Amid Bitcoin Surge BlackRock’s iShares Bitcoin Trust (IBIT) recorded a substantial $970 million in inflows on April 28, marking the second-largest single-day capital injection since its inception. This inflow underscores the accelerating institutional interest in Bitcoin exposure via regulated exchange-traded products. The IBIT ETF’s purchase contributed significantly to the $591 million in net inflows across all U.S. spot Bitcoin ETFs on the same day. Notably,... Coinatory

UK’s Abraxas Capital Acquires $250M Bitcoin Ahead of Calm Easter Weekend

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UK’s Abraxas Capital Acquires $250M Bitcoin Ahead of Calm Easter Weekend Whales and institutional investors continue to bolster their Bitcoin holdings as the cryptocurrency market heads into the Easter weekend. Market analysts forecast subdued volatility following two weeks marked by significant turbulence driven by escalating global trade tensions. London-based investment firm Abraxas Capital notably acquired 2,949 Bitcoin, valued at over $250 million, between April 15 and April 19, according to data from crypto ... Coinatory

Bitcoin Hashrate Hits New Record Amid Mounting Miner Sell-Offs

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Bitcoin Hashrate Hits New Record Amid Mounting Miner Sell-Offs Bitcoin’s network computing power has reached unprecedented levels, even as miners accelerate Bitcoin sales to navigate tightening profit margins. According to data from BitInfoCharts, Bitcoin’s hashrate achieved a historic milestone of 1 sextillion hashes per second on April 5, 2025. This record figure reflects the network’s robust security and growing computational strength despite significant economic pressures facing miners. However, t... cryptonews today

Bitcoin Poised to Surpass Gold, Says Anthony Pompliano

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Bitcoin Poised to Surpass Gold, Says Anthony Pompliano Bitcoin Could Outpace Gold, Says Pompliano Amid Growing Institutional Interest Bitcoin continues to command attention in global markets as Anthony Pompliano, founder and CEO of Professional Capital Management, outlined an optimistic long-term outlook for the cryptocurrency. In a recent interview, Pompliano argued that Bitcoin (BTC) is well-positioned to outperform gold, citing a convergence of institutional investment trends and potential gov... Coinatory cryptocurrencies news

Michael Saylor’s Strategy Buys $285M in Bitcoin Amid Turmoil

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Michael Saylor’s Strategy Buys $285M in Bitcoin Amid Turmoil Michael Saylor’s digital asset firm, Strategy, has reinforced its bullish stance on Bitcoin with a $285.5 million acquisition, despite mounting geopolitical and macroeconomic uncertainty. The company purchased 3,459 BTC at an average price of $82,618 per coin, increasing its total holdings to 531,644 BTC—valued at approximately $44.9 billion based on recent prices. This latest investment raises Strategy’s cumulative Bitcoin acquisitions to $3... Michael Saylor’s Strategy Buys $285M in Bitcoin Amid Turmoil Coinatory

Bitcoin Advocates Were First to Challenge U.S. Economic Data

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Bitcoin Advocates Were First to Challenge U.S. Economic Data Anthony Pompliano, a prominent cryptocurrency investor and co-founder of Morgan Creek Digital, stated that Bitcoin holders were the first significant group to question the reliability of United States economic data—and they positioned themselves to benefit financially from that insight. “Bitcoiners were the first large-scale group to recognize the economic data was wrong, and they figured out a way to financially capture upside if they were r... Coinatory news

Florida Moves Closer to Bitcoin Reserves with Key Legislative Approval

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Florida Moves Closer to Bitcoin Reserves with Key Legislative Approval Florida has advanced House Bill 487 (HB 487), signaling its intent to position Bitcoin as a strategic component of state-held assets. With unanimous approval from the House Insurance and Banking Subcommittee on April 10, Florida becomes the latest state to enter the competitive legislative arena aimed at integrating Bitcoin into sovereign financial frameworks. The bill, formally titled “Investments of Public Funds in Bitcoin,” proposes author... Coinatory news

Bitcoin to Soar as Trade Wars Fuel Currency Instability

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Bitcoin to Soar as Trade Wars Fuel Currency Instability Analysts caution that growing trade disputes might undermine the current financial system's underpinnings as inflationary pressures increase and geopolitical tensions rise. Protectionist policies and a return to tariffs would cause macroeconomic volatility, which might ultimately hasten the acceptance of Bitcoin (BTC) as a store of value, according to Jeff Park, Head of Alpha Strategies at Bitwise Asset Management. According to Park, trade wa... Coinatory cryptocurrencies news

Senator Tuberville Reintroduces Crypto Retirement Bill with Trump's Support

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Senator Tuberville Reintroduces Crypto Retirement Bill with Trump's Support In a recent interview with Fox Business's Larry Kudlow, Senator Tommy Tuberville (R-Ala.) expressed robust support for President Donald Trump's economic initiatives, particularly those promoting deregulation and expanded access to cryptocurrencies. Senator Tuberville highlighted his intention to reintroduce the Financial Freedom Act, legislation aimed at permitting Americans to allocate retirement funds into Bitcoin and other cryptocurrencies... Senator Tuberville Reintroduces Crypto Retirement Bill with Trump's Support

Metaplanet Inc. Acquires 696 BTC, Bolstering Holdings to 4,046 BTC

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Metaplanet Inc. Acquires 696 BTC, Bolstering Holdings to 4,046 BTC Tokyo-based Metaplanet Inc. expanded its Bitcoin holdings by 696 BTC in the first quarter of 2025, employing a strategic options-based approach through its Bitcoin Income Generation business. This initiative, focused on selling cash-secured Bitcoin put options, enabled the firm to secure an effective average purchase price of ¥13.48 million per BTC. During Q1, Metaplanet generated ¥770.35 million (approximately $5.15 million) in operating rev... cryptonews today

Bitcoin May Stall Without Clear Catalyst, Say Analysts

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Bitcoin May Stall Without Clear Catalyst, Say Analysts In the absence of a clear market catalyst, recent analysis from Matrixport suggests that the price trend of Bitcoin may continue to be range-bound. Although Bitcoin rallies and liquidity expansion have historically occurred at the same time, commentators are now doubting the reliability and strength of this relationship. Although central bank-driven liquidity expansion frequently finds its way into digital asset markets, Matrixport analysts s... Coinatory crypto news

Dormant Bitcoin Whale Moves $250M After 8 Years

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Dormant Bitcoin Whale Moves $250M After 8 Years A long-inactive Bitcoin wallet has reentered the market after more than eight years of dormancy, moving approximately $250 million worth of Bitcoin, according to blockchain analytics platform Arkham Intelligence. The wallet, now identified across several addresses labeled “250M BTC Whale,” executed a series of high-value transfers within the past 16 hours. These transactions involved two separate batches, each moving close to 3,000 BTC—equiva... cryptocurrency news

Abu Dhabi’s MGX Commits $2B in Stablecoins to Binance

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Abu Dhabi’s MGX Commits $2B in Stablecoins to Binance The cryptocurrency exchange's first institutional investment, $2 billion, was made by Abu Dhabi-based investment group MGX in a historic deal. The transaction, which was completed only in stablecoins, gives MGX a minority ownership in Binance and signifies the company's calculated foray into the blockchain and digital finance industries. MGX Encourages Innovation in Blockchain MGX, which is well-known for emphasizing artificial intelligenc... Coinatory