Strategy, known for its Bitcoin-focused treasury strategy and co-founded by Michael Saylor, continues its cryptocurrency purchases without slowing down. According to an 8-K filing submitted to the US Securities and Exchange Commission (SEC), the company purchased approximately 13,627 Bitcoins between January 5th and 11th for about $1.25 billion. The average price per Bitcoin in this
Crypto custodian BitGo is looking to raise up to $201 million in its public market debut, setting a valuation of approximately $1.85 billion, the midpoint of its offering range. The Silicon Valley-based firm, whose services include self-custody wallets, regulated trust services and prime brokerage, said it plans to sell 11 million shares at $15 to
A new debate has been raging between bitcoin bulls and bears: Has the bitcoin price peaked for this cycle? The debate follows bitcoin’s sharp drop from its all-time high of $126,000 in early October to around $90,000. This pullback aligns with the cryptocurrency’s historical pattern of topping out roughly 18 months after each mining reward
Key Takeaways BitGo plans to raise up to $201 million by selling 11.8 million shares, potentially giving the company a valuation of $1.9 billion. The company intends to use the funds for working capital, product development, and potential acquisitions. Crypto custodian BitGo is seeking to raise as much as $201 million through the sale of
Key Takeaways Strategy purchased 13,627 Bitcoin for $1.2 billion last week. The company paid an average price of around $91,500 per Bitcoin. Strategy said it added 13,627 Bitcoin to its treasury for approximately $1.2 billion between January 5 and January 11, paying an average of around $91,500 per coin. The move pushed its total holdings
Key Takeaways Crypto exchange-traded products experienced $454 million in outflows last week. The outflows nearly counteracted the $1.5 billion inflows recorded earlier in the year, marking a significant change in market sentiment. Funds tied to XRP and Solana saw strong inflows last week despite a wave of outflows across crypto exchange-traded products, according to a
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2882.46, up 0.0% (+0.76) since 4 p.m. ET on Friday. Four of 20 assets are trading higher. Leaders: SOL (+3.1%) and ETH (+0.9%). Laggards: LTC (-6.2%) and HBAR (-3.8%).
VelaFi, a stablecoin-powered financial infrastructure provider under Galactic Holdings, has raised $20 million in a Series B funding round led by XVC and Ikuyo, the company said in a press release Monday. The round also included participation from Alibaba Investment, Planetree, BAI Capital, and other global investors, bringing the company’s total funding to more than
Strategy (MSTR), the world’s largest publicly traded holder of bitcoin, increased its bitcoin holdings for the third consecutive week and its biggest purchase since July. Led by executive chairman Michael Saylor, the company added 13,627 bitcoin for $1.25 billion, at an average price of roughly $91,519 per bitcoin. Strategy now holds 687,410 BTC, acquired for
Media coverage of the threat posed by quantum computing usually identifies cryptocurrencies as a key area of classical cryptography that will be effortlessly broken when the technology hits the mainstream which, according to some estimates, may be less than a decade from now. Simply stated, computer chips based on quantum mechanics can perform some calculations