Key Takeaways Vivek Ramaswamy purchased 15,625 shares of Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock at $80 per share. Strive Asset Management, co-founded by Ramaswamy, positions itself as ‘anti-woke’ and focuses on maximizing shareholder value. Strive, backed by Vivek Ramaswamy, announced Monday it had successfully closed its oversubscribed initial public offering (IPO) of
Key Takeaways Bitdeer Technologies reported Q3 revenue of $169.7 million, beating analyst expectations. The company is aggressively growing its AI business segment, signaling diversification beyond blockchain. Bitcoin and AI infrastructure company Bitdeer Technologies reported $169.7 million in revenue for Q3, exceeding analyst expectations. The company has been emphasizing growth in its AI operations as part
Tether, the issuer of the widely used USDT stablecoin, has announced it will spend $100 million over two years on advertising for Rumble, signalling a deepening partnership that has caused the RUM stock to soar. This development comes amid Rumble’s broader strategy to expand its cloud and AI infrastructure, including a significant acquisition of Germany’s
Block, the payments infrastructure firm led by Jack Dorsey, has enabled Bitcoin payments for 4 million merchants globally using the Square Bitcoin feature of its point-of-sale platform, the firm announced on Monday. The integration allows merchants to accept Bitcoin at checkout with instant settlement via Bitcoin’s Lightning Network, with no fees until 2027. Sellers can
Today, finally, there is positive news regarding the price of Bitcoin. A couple of weeks ago, in fact, the price of BTC was above $115,000, but then a correction began that might have ended yesterday. Although it seems that some news released yesterday triggered today’s bounce in Bitcoin’s price, in reality, there had already been
Strategy issued $50 million in preferred stock to fund its latest Bitcoin purchase, leaving common shareholders undiluted as its market cap approached a key threshold, the Bitcoin-buying firm signaled in a blog post on Monday. The Tysons Corner, Virginia-based company was recently valued at $71 billion, reflecting a 1.06x premium against its $67.8 billion Bitcoin
Continuing its weekly Bitcoin purchases, Strategy (MicroStrategy) made its weekly Bitcoin (BTC) purchase and announced that it purchased 487 BTC last week. Accordingly, Strategy purchased 487 BTC worth $49.9 million at an average price of $102,557. Strategy founder Michael Saylor announced the news via a post on his X account. “Strategy purchased 487 BTC for
Ripple CTO David Schwartz recently joined a conversation on X that highlighted Bitcoin’s value proposition. Bitcoin enthusiast Rajat Soni had initiated a discussion on Bitcoin and at one point chipped in a statement about Bitcoin’s value: “1 BTC = 1 BTC,” a commonly used phrase in the cryptocurrency space, adding that, “If you look at
The cryptocurrency market is mainly green today, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has risen by 3.7% over the past day. On the hourly chart, the price of BTC has made a false breakout of the local resistance of $106,482. If the daily bar closes far from it, traders may witness a
U.S. spot Bitcoin exchange-traded funds recorded their third-largest weekly outflows since launch, with $1.22 billion in net redemptions. Summary US Bitcoin ETFs logged $1.22 billion in combined net outflows over the past week. On Friday, these funds recorded the largest single-day outflows since August, with over $555 million in outflows. Bitcoin’s price has started to