In the United States, the accumulation of a strategic reserve of Bitcoin is primarily based on seizure and confiscation activities, usually following legal actions related to financial or cyber crimes. According to data collected by federal agencies and major news outlets, from 2013 to today, an institutional purchase of Bitcoin by the federal government has
While Bitcoin undergoes a correction, industry observers are again calling for a historic comeback that could push its price toward $600,000. Over the past few days, Bitcoin entered a cooling phase after hitting a new peak of $124,450 last week. The leading crypto retraced to $114,723 earlier today before recovering slightly to $115,300 at press
Strategy’s (formerly MicroStrategy’s) aggressive Bitcoin playbook rolled on this week with another nine-figure purchase just announced by none other than Michael Saylor. However, it was the remark that came with it that caught the eye. Chaitanya Jain, Bitcoin strategy manager at the company, reinvented the old crypto joke on social media and stated that the
The market reacted as long-term Bitcoin holders awakened to move billions of dollars’ worth of BTC over the weekend. A prominent market analyst highlighted this in a recent commentary on the back of an unexpected bearish turn of events for Bitcoin. The crypto leader’s short-lived push to $118,000 on Sunday sparked optimism, but BTC quickly
Famed short-seller James Chanos, who’s best known for shorting Enron before its implosion in 2007, is calling out Strategy for its modest $51 million Bitcoin purchase and loosening a key safeguard against shareholder dilution. Chanos said the company’s latest Bitcoin purchase points to weak demand for its preferred stock offerings, and accused chairman Michael Saylor
Protection against price drops in BlackRock’s spot bitcoin BTC$115,288.35 exchange-traded fund (ETF), is now at its priciest since the early April market slide. On Monday, the spread between implied volatilities (IV) for 25-delta puts and 25-delta calls for the iShares Bitcoin Trust ETF (IBIT) rose to 4.4, the widest since April 10, according to data
Bitcoin (BTC) price opened Monday in correction mode after the weekly candle closed as a bearish “inverted hammer.” The price of BTC dropped 3% in the past 24 hours, hitting a low of about $114,740 before rebounding above $115 during the mid-London session. The wider altcoin market followed in the mild correction, thus resulting in
Bitcoin (BTC) whales have been showing different activity in the last couple of days. As spotted by CryptoQuant, these large holders have moved 31,968 BTC that have been dormant for a period of between three and five years. The value of these transactions that hit the chain is approximately $3.78 billion. Dormant Bitcoin movements and
Strategy’s long-running role as a high-beta proxy for Bitcoin is showing signs of strain, as hedge funds increasingly dominate trading and its largest shareholder trims exposure. Summary 10x Research warns Strategy’s $360 support is at risk as hedge funds dominate trading. Vanguard cut its stake by 10%, signaling waning confidence. Bitcoin treasuries are losing appeal
The fascinating world of cryptocurrency often sees surprising players make significant moves. Recently, the Royal Government of Bhutan made headlines with a substantial shift of Bhutan Bitcoin. This action signals ongoing strategic decisions within the Himalayan kingdom’s digital asset portfolio, drawing attention from across the global financial landscape. What’s Behind Bhutan’s Latest Bitcoin Movement? In