Happy Thursday, advisors! between “realized” figures in quarterly crypto earnings and what’s actually happening on the balance sheet. If you’re using quarterly income statements to gauge treasury behavior, you might be looking at the wrong number. Then, in “Ask an Expert,” Kim Klemballa takes us through Strategy Inc. — the world’s largest corporate holder of
Small-cap Bitcoin treasury stock B HODL has turned into one of the more surprising winners of this cycle, with its shares climbing 67% over the past month and 29% in just the last week. The catalyst behind the latest leg of that rally is simple: on Thursday, the company bought another Bitcoin, pushing its total
Owning just 0.1 Bitcoin can put a holder ahead of approximately 90% of everyone else who holds any Bitcoin, according to a tweet from the commentator Strike. This statistic emphasizes the growing significance of ownership in Bitcoin as demand continues to fluctuate. As more investors seek to enter the market, even small amounts could represent
Bitcoin ($BTC) is currently trading at the $77.5K mark. The short-term momentum is weaker than the long-term. The largest and dominant asset, Bitcoin ($BTC), is trading at $77,578 with a 24-hour range of $76,297 to $77,830 and a seven-day range stretching from $76,297 to $81,281. Also, its volume sits at $26.79 billion. The bounce from
Nvidia has agreed to acquire Hugging Face for $12.93 billion, expanding the chipmaker’s reach into the software that developers use to build and deploy artificial intelligence. Hugging Face operates an open-source AI platform for sharing models, datasets and development tools. More than 18 million developers, researchers and creators use it to share over 3 million
On September 2, U.S. investor demand for cryptocurrency ETFs was clearly divided, with Bitcoin drawing in new investment, while Ethereum, $XRP, and Solana products all saw daily net outflows. Surge of spot ETF inflows The most recent ETF data shows that during the session, Bitcoin spot ETFs saw net inflows of $101.15 million. As a
Strategy (MSTR) chairman Michael Saylor has drawn a direct analogy between accumulating cryptocurrency and an aristocratic sport. The billionaire posted a 25-second video filmed on a golf course, where he methodically sinks balls into holes while wearing a business suit in front of an audience. The main message of the post is that investing in
Bitcoin traders are now eyeing a pivotal economic release of the month. The report of nonfarm payrolls for August is expected to be released on Sept. by the U.S. Bureau of Labor Statistics. 4. The numbers will shape expectations for the Federal Reserve’s Sept. policy meeting. Oil prices have also been on the rise, adding
Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit. The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec. 31. Silicon said its explorer and network will shut down afterward, leaving assets that
Bitcoin is testing a roughly $68 billion breakeven wall that has repeatedly stalled its push back above $80,000. About 880,000 $BTC carry a cost basis between roughly $77,500 and $80,300, leaving a large group of holders close to where they originally bought, Bitfinex Alpha data shows. Data from CryptoSlate shows Bitcoin trading near $77,890 as