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.
Germany has introduced a 0% capital gains tax on Bitcoin holdings kept for over a year, aiming to simplify tax obligations and encourage investment in cryptocurrencies. This move follows Germany’s finance ministry’s recent clarification on […]
In a significant market development, a $61.5 million Bitcoin long position was liquidated, marking the largest single liquidation in a 24-hour period as Bitcoin’s price dropped from $68.6K to $64.3K. Total liquidations across the cryptocurrency […]
Bitcoin has reclaimed the $67,000 mark, reflecting a significant milestone in the cryptocurrency market. This surge occurs amid growing optimism among analysts who cite anticipated pro-Bitcoin policies from the current administration as a positive influence […]