Strategy has acquired 592 Bitcoin for approximately $39.8 million, with an average purchase price of $67,286 per Bitcoin. This acquisition aligns with Strategy’s treasury policy of maintaining Bitcoin as a key asset to mitigate the risks of fiat currency devaluation. The purchase reflects Strategy’s ongoing commitment to regularly acquire Bitcoin as part of its digital asset reserves.
The Federal Reserve has decided to eliminate “reputation risk” from its oversight policy, a move that critics argue previously led to debanking and limited banking access for Bitcoin and cryptocurrency firms. This change comes amid […]
A new Bitwise report indicates that rising economic policy uncertainty is contributing to increased volatility across various asset classes, including gold, foreign exchange, rates, and Bitcoin. This uptick in volatility coincides with the climbing US […]
Garrett Jin, known as a crypto whale, deposited 1,599 Bitcoin (valued at $112 million) to Binance within a two-hour window. This significant transaction aligns with a trend where large-scale Bitcoin holders, often referred to as […]