Bitcoin News

MicroStrategy purchased $1.5B in Bitcoin last week

MicroStrategy announced that it bought 15,400 Bitcoin for $1.5 billion between Nov. 25 and Dec. 1.

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MARA Holdings acquired over $600M Bitcoin in the last two months

MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.

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Bitcoin finds a new purpose in DeFi through new mining-backed model

This project bridges Bitcoin and DeFi to provide investors with an innovative way to utilize their BTC holdings in a system backed by mining operations.

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US gov’t transfers $1.9B BTC seized from Silk Road to Coinbase Prime

A wallet that contained Bitcoin associated with the 2021 seizure from an individual who stole crypto from the Silk Road marketplace has moved.

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US government selling Bitcoin is a ‘huge strategic mistake,’ say observers

“There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” said Space Force Major Jason Lowery.

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Bitcoin liquidity index points to $110K local BTC top by January 2025

If the correlation holds up, Bitcoin price could trail the liquidity index to above $110,000 by January 2025, with a potential correction below $70,000 next.

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Bitcoin smashes records with biggest-ever $26K monthly BTC price gain

Bitcoin has nailed something never seen before — $26,400 BTC price upside in a single monthly candle.

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Court blocks ‘Faketoshi’ Craig Wright’s appeal in Bitcoin creator case

The UK Court of Appeal suggested that Craig Wright’s appeal grounds contained “multiple falsehoods,” including reliance upon some “fictitious authorities.”

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Bitcoin may attract $2T from new $20T money supply in 2025

Bitcoin could attract $2 trillion in investments during 2025 as the global money supply grows to $127 trillion.

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Swiss canton of Bern votes to study Bitcoin mining feasibility

Bern’s Bitcoin Parliamentary Group is calling the commissioning of the report a victory, although the executive branch is opposed to it.

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Cardano founder predicts Bitcoin DeFi will dominate crypto within 3 years

Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months, predicted Charles Hoskinson.

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Metaplanet to raise $62M for more Bitcoin, with current stash at 1,142 BTC

If successful with its fundraising, Metaplanet could purchase roughly 652 extra Bitcoin for $62 million.

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Bitcoin’s metrics suggest bull market is far from overvalued

Despite recent price corrections, Bitcoin’s valuation metrics still indicate a bull cycle ahead.

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MARA purchases 6,474 Bitcoin with convertible notes offering

According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.

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SOS Ltd to jump on Bitcoin bandwagon with $50M purchase, stock pops 40%

China-based SOS, which operates a US-based Bitcoin mine, plans to buy $50 million worth of Bitcoin.

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Buying Bitcoin in 2013 was like buying ‘gold in 1,000 BC’ — Pantera CEO

Pantera is now up more than 130,000% from its first Bitcoin purchase back in July 2013.

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Bitcoin venture capital firm Axiom hires ex-UK minister

Former minister John Baker takes an advisory role at Bitcoin-focused Axiom, with conditions to ensure fair governance.

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US dollar weakness, growing money supply could fuel Bitcoin 2025 rally

Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.

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MIAX exchange lists Bitcoin ETF options

MIAX joins Nasdaq and NYSE in listing options on Bitcoin ETFs. Cboe will start in December.

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Vancouver mayor plans to introduce ‘Bitcoin-friendly city’ plans

The proposed plan by Vancouver Mayor Ken Sim for the city’s “diversification of financial resources” suggested an investment in Bitcoin as a reserve asset.

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Bitwise files S-1 registration for ETF tied to Bitcoin and Ether

After the 2024 US election, Bitwise and other asset managers seem to have been testing the regulatory waters for previously unapproved spot cryptocurrency ETFs.

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VanEck extends fee waiver on Bitcoin ETF

The asset manager is extending its fee waiver until January 2026 for up to $2.5 billion in assets under management.

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience.

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Crypto miner MARA wants US moving quicker to gobble up Bitcoin

MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.

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Spot Bitcoin ETFs see $438M outflows — biggest since US election

Spot Bitcoin ETFs saw their steepest single day of outflows since Trump’s election win, signaling market jitters.

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Bitcoin nears 1M daily active addresses as price chases $100K

The growing network activity is a promising sign in Bitcoin’s battle toward the historic $100,000 mark, which was just $200 away on Nov. 22.

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Bitmain Antminer deliveries held at US ports by customs agency

US miners are waiting for their miners but a branch of Homeland Security won’t let them take them.

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Rumble to spend up to $20M on Bitcoin in new treasury strategy

Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet after its CEO teased the idea on social media on Nov. 19.

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Bitcoin‘s $93K dip could be ‘last flush’ before the rush: Analysts

Crypto market analysts remain confident that Bitcoin will hit six figures before the end of the year despite the recent 7% correction.

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Canadian wellness firm approves plan to add $1M of Bitcoin to treasury

Jiva Technologies CEO Lorne Rapkin said the move to add Bitcoin to the treasury is “a unique opportunity to strengthen our treasury with a resilient and innovative investment.”

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Swan Bitcoin sues its lawyers for picking up Tether as client

Swan Bitcoin sued former employees it alleged got help from Tether, and now accuses its own law firm of malpractice after it picked up the stablecoin issuer as a client.

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MARA Piles Into Bitcoin: 5,771 BTC Bought After $1B Note Offering.

MARA Holdings Inc., the largest publicly traded bitcoin mining firm, has wrapped up a $1 billion issuance of 0% convertible senior notes set to mature in 2030.

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The Two Papa John's pizzas ordered in 2010 now close to $1B mistake

The infamous 10,000 BTC mistake is often used by Bitcoin maximalists to extoll the virtues of 'hodling' the supply-capped asset.

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Bitcoin may reach $180K by the end of 2025 — TYMIO founder

The current CryptoQuant Bitcoin exchange reserve metric is roughly 2.5 million coins — the lowest level recorded during this market cycle.

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Bitcoin Bull Market May Drive Russian Miners Underground.

The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions.

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MicroStrategy completes $3B raise to buy more Bitcoin as MSTR falls 25%

The $3 billion offering of 0% convertible senior notes is part of MicroStrategy’s plans to raise $42 billion over the next three years — primarily to buy more Bitcoin.

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Texas taking baby steps toward strategic Bitcoin reserve: Satoshi Action Fund

Satoshi Action Fund CEO Dennis Porter said a Texas lawmaker has started conversations to introduce strategic Bitcoin reserve legislation at some point in the future.

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Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker

The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.

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Allianz, Germany’s biggest insurer, buys 24% of MicroStrategy’s $2.6B notes

The insurance giant reportedly made the investment across four different sub-organizations, according to Bloomberg Terminal data shared by pseudonymous analyst Petruschki.

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Bitcoin unfazed by $2.6B options expiry, maintains rally toward $100K

The Bitcoin price started falling 30 minutes before the options expiry, but market watchers don’t expect significant downside.

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Miners Going Nuclear: A Symbiotic Synergy

Beyond the increasing proliferation of bitcoin within investment portfolios, mining operations have become a focus of a new wave of mergers and acquisitions on Wall Street, says Taylor Krystkowiak.

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Bitcoin reserve won’t solve US debt crisis: Think tank co-founder

Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do.

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Grayscale completes reverse share splits of Bitcoin and Ether ETFs

As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.

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MicroStrategy increases note sales to $2.6B for Bitcoin purchases

MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.

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Hoth Therapeutics allocates $1M to Bitcoin as treasury asset

Hoth Therapeutics allocates $1 million to Bitcoin, reflecting rising business adoption amid increasing attention on BTC’s inflation-resistant value.

]Source](https://cointelegraph.com/news/hoth-therapeutics-bitcoin-treasury-strategy-inflation-hedge)

Bitcoin Mining Firm Compass Establishes 30 MW Site in Iowa.

Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States.

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BIT Mining to pay $10M fine for bribing Japanese politicians in former life

BIT Mining, previously known as online sports casino 500.com, paid about $2.5 million worth of bribes to Japanese officials between 2017 and 2019.

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Genius Group kicks off Bitcoin treasury play with $10M in BTC

Genius Group has plans for a podcast to help other firms considering Bitcoin as a treasury reserve asset after it found there were no clear guidelines for the process.

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Why US spot Bitcoin options launch is such a big deal

“The floodgates for Bitcoin’s next evolution in financial markets are about to open,” said Bitcoin custody firm Theya's head of growth, Joe Consorti.

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Bitfinity Network launches Bitcoin L2 with $12M backing

Bitfinity Network secures $12M to bring EVM compatibility and expanded DeFi functionality to Bitcoin using ICP’s Chain Fusion.

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Bitfinex Securities debuts tokenized US T-bills under El Salvador laws

Bitfinex Securities’ initial offering targets to raise a minimum of $30 million to proceed with the issuance of the token that will be traded under the ticker USTBL.

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Senator Lummis says Treasury should convert gold for Bitcoin reserve

The United States government has the biggest gold reserves in the world, with over 8,000 tons of the precious metal on its balance sheet.

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‘I put most of my wealth into Bitcoin, so I am fully committed’ — RFK Jr.

RFK Jr. is a longtime Bitcoin advocate, praising its power to transmute currency inflation.

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Polish presidential candidate pledges support for strategic Bitcoin reserve

Sławomir Mentzen, a Polish presidential candidate, vowed to create a Bitcoin reserve if elected in 2025.

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Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak

The latest inflows bring spot Bitcoin ETFs’ total net assets to $95.4 billion, or 5.27% of Bitcoin’s $1.8 trillion market capitalization.

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MicroStrategy buys $4.6B of Bitcoin as price nears all-time high

MicroStrategy acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 BTC as Bitcoin prices rose above $92,400.

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Semler Scientific reports 37.3% Bitcoin yield, expands holdings

Semler Scientific’s latest Bitcoin purchase brings its holdings to 1,273 BTC, worth $114 million at current market prices.

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OCC notice suggests impending launch for spot Bitcoin ETF options trading

Some experts suggested that options trading for shares of BlackRock’s iShares Bitcoin Trust could launch on the Nasdaq as early as Nov. 19.

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Bitfinex money launderer ‘Razzlekhan’ sentenced to 18 months in prison

A federal judge sentenced Heather Morgan, also known as Razzlekhan, to 18 months in prison for laundering stolen Bitcoin connected to Bitfinex.

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'There is a global race underway for Bitcoin' — Anthony Pompliano

The election of a pro-crypto President in the United States and growing macroeconomic turmoil will continue to drive investors to Bitcoin.

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Solidion Technology Allocates 60% of Its Cash to Buying Bitcoin.

Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions.

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Goldman Sachs' Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million.

The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin.

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Hive Announces Paraguayan Mining Site Construction Update, Hardware Revamp.

Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware.

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Bitcoin ETF options pass 'second hurdle' with CFTC clearance

ETF analyst Eric Balchunas says "the ball" is now with the Options Clearing Corporation, forecasting that spot Bitcoin ETF options will "list very soon."

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Goldman Sachs holds $710M in Bitcoin ETFs — SEC filing

Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.

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Bitcoin’s record highs push big banks’ profits to billions — Report

As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts.

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Bitcoin strategic reserve unlikely under Trump — Mike Novogratz

The Galaxy Digital CEO argued that he does not expect the nearly $36 trillion national debt to be paid without devaluing the currency.

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OP_CAT could go live on Bitcoin within 12 months: Eli Ben Sasson

If approved, OP_CAT will introduce drastic changes to the Bitcoin network, including covenants, ZK-rollups, and even Bitcoin-native layer 2 networks.

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BTC’s Climb Lifts Miner Revenue, Restoring Hashprice to June Levels.

As bitcoin’s price rises to new heights, miners are cashing in, with the value of 1 petahash per second (PH/s) of SHA256 hashrate reaching the highest peak in 152 days.

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Bitcoin and Ethereum ETFs Rake in Nearly $1 Billion in a Single Day.

Tuesday saw a nice windfall for spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs), with nearly $1 billion flowing in, according to the latest data from sosovalue.com.

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Trump win sets path to $100K Bitcoin price — Copper head of research

Pro-crypto regulation under the incoming Trump administration could push Bitcoin toward $100,000 by early 2025 as institutions accelerate adoption.

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Bitcoin Frenzy Unleashed: Glassnode’s Study Shows 95% Supply in Profit.

Bitcoin has reached a new all-time high (ATH), driven by strong demand in spot markets and a wave of institutional investments, as detailed in a report from Glassnode researchers Cryptovizart and Ukuria OC.

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Bitfufu Secures $100 Million Credit Line From Antpool Technologies.

Singapore-based cloud mining service Bitfufu has obtained a $100 million credit line from Antpool Technologies, intended to reinforce its bitcoin holdings.

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MARA Holdings falls 9% after-hours after Q3 revenue miss

Mara Holdings posted a net loss for Q3 and missed analyst revenue estimates despite mining more Bitcoin blocks and boosting its energized hashrate by 17%.

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AI Firm Genius Group Adopts Bitcoin as Primary Treasury Asset; Shares Spike 50% Shares are now trading at $0.70 after initially spiking up to $1.

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Trump hints at pushing through SEC chair with recess appointment

The Republican promised to fire SEC Chair Gary Gensler “on day one,” but a tweet suggested he would also attempt to circumvent the Senate confirmation process for a replacement.

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El Salvador and Bhutan see Bitcoin holdings surge amid market rally

El Salvador and Bhutan see major gains in Bitcoin holdings as BTC nears $90,000, increasing the value of their crypto assets by millions amid the latest market rally.

Seven-day chart of El Salvador Government’s Bitcoin Holdings. Source: Arkham Intelligence Source

Bitcoin ETFs rope in $2.6B investments amid weekly bull run

Investors increased exposure to Bitcoin and Ether ETFs as a strong price rally fueled unprecedented inflows.

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Hive Digital buys 6,500 ASICs, starts Paraguay construction

Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity.

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Volmageddon' — Bitcoin ETFs, Coinbase, MicroStrategy trading vol hits $38B

The combined daily trading volume of shares in MicroStrategy, Coinbase and Bitcoin ETFs hit $38 billion as Bitcoin breached $89,000.

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Chinese microchip company says it’s now accepting Bitcoin as payment

Huangzhou-based crypto mining chip maker Nano Labs saw its share price rise slightly after announcing it will start accepting Bitcoin as payment.

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Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec

Donald Trump’s win in the United States presidential election may not be the “main story” driving the Bitcoin price rally, says Onramp Bitcoin co-founder Jesse Myers.

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Trump’s 2nd term to start with trifecta as Republicans tipped to win House

The Republicans will have total control of the executive branch and all of Congress after the GOP was projected to keep a majority in the House.

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Nansen scales analytics beyond Ethereum with Bitcoin L2 integration

By supporting Bitlayer, Nansen plans to build the foundation for deeper BTC L2 insights and more efficient decision-making.

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MicroStrategy buys $2B in Bitcoin, boosts holdings to $23B

MicroStrategy’s latest announcement shows that its Bitcoin holdings have reached 279,420 BTC, worth almost $23 billion.

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MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100%

The Bitcoin-stacking firm bought Bitcoin 42 times at a dollar cost average of $39,292, according to BitcoinTreasuries data.

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Bitcoin to be ‘political imperative,’ owning none ‘a liability’ — NYDIG

NYDIG’s research head Greg Cipolaro said “there are no excuses” for investors to shirk Bitcoin after Donald Trump and the Republicans’ US elections sweep.

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Hive Digital Reports Slight Rise in Bitcoin Output Amidst Capacity Goals.

Bitcoin miner Hive Digital reported modest growth in bitcoin production for October, while advancing its mining capacity and infrastructure.

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MicroStrategy shares up 20% in the week following Trump’s victory, rate cuts

MSTR has surged over 486% in the past 12 months, with the company planning to expand its Bitcoin holdings through a $42 billion purchase by 2027.

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BTC $77K rally won't spark overvaluation fears like stocks: Bitwise CEO

Bitcoiners don’t fear overvaluation the way stock traders do, says Bitwise Invest's CEO, after Bitcoin reached new all-time highs this week.

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Crypto mixer Bitcoin Fog founder receives 12.5-year prison sentence

Bitfog founder Roman Sterlingov has been sentenced to 12.5 years in prison and forced to “pay a forfeiture money judgment” of around $395.5 million.

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Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss

Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi operations to shift money into its Bitcoin mining and wallet businesses.

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Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market

The deployment will allow users to utilize Bitcoin in Solana’s burgeoning DeFi ecosystem, according to Coinbase.

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BlackRock Bitcoin ETF sees ‘biggest volume day ever’ with $4.1B traded

BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.

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Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin miners

Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.

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Trump victory paves way for $100K Bitcoin by end of 2024

Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.

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Bitcoin Mining Stocks Skyrocket as Trump’s White House Win Sparks Crypto Rally.

After last week’s turbulent period, publicly traded bitcoin mining companies rebounded on Wednesday, celebrating a strong performance as Trump clinched the White House.

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Hut 8 Gears up for a Mining Power Surge With 31K New Bitmain Antminers.

Hut 8 Corp., a North American bitcoin miner, has unveiled plans to enhance its application-specific integrated circuit (ASIC) fleet, aiming for a boost in self-mining efficiency and expanded hashrate capacity by early 2025.

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BlackRock Bitcoin ETF sees $1B volume in first minutes of post-election trading

Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.

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Bitcoin whales accumulate $132M amid Trump victory projections

Investor appetite for risk-on assets like Bitcoin is growing, with Donald Trump projected to win the US presidential election.

Whale wallets have withdrawn $132 million BTC. Source: Lookonchain

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BlackRock's Bitcoin ETF sees 6th ever outflow on US election day

The iShares Bitcoin Trust saw a rare day of outflows before Bitcoin went on to hit an all-time high.

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2024 US elections live: Trump speaks, declares victory.

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