Metaplanet has reported a $605 million full-year loss, primarily due to a significant drop in Bitcoin’s price from its October highs. The firm, which holds a $2.4 billion Bitcoin stash at an average purchase price of $107,000 per BTC, is now looking to counter financial pressure by generating revenue through options writing, a strategy increasingly used by companies to earn income without liquidating their cryptocurrency holdings.
Over $64 million worth of tokens are expected to be unlocked this week, according to DefiLlama, with the largest being $15.71 million by $CONX on February 13. This surge in unlock events aligns with a […]
Mubadala Investment Co., the Abu Dhabi sovereign wealth fund, has increased its stake in the iShares Bitcoin Trust by 46%, now holding 12,702,323 shares valued at approximately $488 million, according to a recent SEC filing. […]
Portugal has introduced a new policy offering a 0% capital gains tax on Bitcoin held for over a year, demonstrating its commitment to becoming a competitive destination for cryptocurrency investments. This move is part of […]