In 2021, El Salvador became the first country in the world to make Bitcoin legal tender. President Nayib Bukele said the decision would help the country break free from relying on the US dollar and lower the high costs of sending and receiving money. The government launched the Chivo Wallet, set up Bitcoin ATMs, promised
MicroStrategy’s Bitcoin holdings reached $71.8B, with an all-time profit of $28.17B. The firm’s stock trades at a 76% premium to its underlying Bitcoin net asset value. “Stretch” preferred stock raised $2.8B, fueling continued Bitcoin acquisitions and portfolio growth. MicroStrategy’s ongoing Bitcoin accumulation continues to set a new record in corporate digital asset exposure. The company’s
Bitcoin held steady last week while altcoins tumbled, as the crypto market entered a holding pattern ahead of key macro and corporate catalysts. This week, all eyes are on the Federal Reserve’s interest rate decision, a wave of significant tech earnings from companies like Microsoft and Amazon, and ongoing ETF inflows for Bitcoin (BTC) and
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin BTC$119,126.55 traded at $119,430 in early Asia hours on Monday,
A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor. Despite this massive sale
Crypto funding rebounded during the week of July 20–26, with over $1 billion raised across 17 projects—marking one of the strongest weeks for fundraising this year. Infrastructure and AI-focused platforms dominated, with Satsuma’s $135 million raise and QCEX’s $112 million M&A deal leading the charge. The surge highlights investor appetite for foundational blockchain tools and
Although the cryptocurrency market has been relatively calm this week, news of the US-EU tariff agreement that came over the weekend and the claim that the US will postpone the customs duties it will impose on China for 90 days caused movement in the markets. While the Bitcoin price reached the $120,000 mark, Ethereum almost
According to the latest development, Donald Trump announced that a tariff agreement has been reached with the European Union. Trump said it was the biggest deal ever, under which the EU would agree to buy $750 billion worth of energy from the US. Trump said the following in his remarks: The EU will invest $600
Strategy (MSTR) is pulling off some form of financial alchemy: using bitcoin, historically a volatile asset, to create something that looks a lot like stability. That’s the firm’s $2 billion “Stretch” Preferred Stock (STRC) offering offers a variable 9% dividend and is designed to keep the share price hovering near $100. The offering doesn’t give