While the crypto world buzzed over the 80,000 bitcoins from 2011 shuffled around by an old-school whale this week, a few other longtime holders quietly joined the action, shifting hefty amounts of their own—all while the price held steady well above the $116,000 mark. Sleeping Wallets Come Alive in July as Bitcoin Holds Above Key
Between July 14 and 19, 58 Bitcoin treasury updates were recorded, coinciding with Bitcoin’s price reaching $123,000 as 21 companies added approximately $810 million in BTC to their corporate treasuries. The roundup also included four new treasuries, 17 future treasury announcements, 11 active BTC fundraising plans, and five other related disclosures.
The UK government could be about to embark on a huge Bitcoin stash sale, worth more than £5.4 billion ($7.1 billion). The stash consists of Bitcoin seized in 2018 as part of a police operation to take down a Chinese Ponzi scheme using Britain to hoard crypto assets among others.. The 61,000 Bitcoin seized at
Over the past week, the Bitcoin (BTC) market recorded a new all-time high at $123,091 on July 14. However, the premier cryptocurrency has experienced a slight price retracement since reaching this milestone. Interestingly, this fall in Bitcoin market prices has collided with a widespread gain in the altcoin market, with specific large-cap tokens notching up
According to the Telegraph, British Chancellor of the Exchequer Rachel Reeves plans to sell £5 billion worth of seized Bitcoin assets to close a massive gap in public finances. The Ministry of Internal Affairs, together with the police forces, has begun work to establish an official system to sell this large cryptocurrency stock. The total