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news-imageNovember 9, 2024

Grayscale Unveils Plan to Transform Bitcoin, Ethereum Funds With Split Strategy

Grayscale Investments has announced plans for reverse share splits for its Grayscale Bitcoin Mini Trust ETF (Ticker: BTC) and Grayscale Ethereum Mini Trust ETF (Ticker: ETH). Effective at 5:00 pm ET on Nov. 19, the BTC fund will undergo a 1-for-5 split, while the ETH fund will undergo a 1-for-10 split.
Publisher: Bitcoin
Sentiment: Positive
BTC
ETH

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Neutral
cover-imageBenzinga
December 2, 2024

Bitcoin ETFs Saw $457 Million Net Outflows Last Week, Ethereum ETFs Recorded $634 Million Net Inflows

Digital asset investment products saw inflows of $270 million last week, setting a new year-to-date record of $37.3 billion, according to a CoinShares report. What Happened: Bitcoin (CRYPTO: BTC), the largest cryptocurrency, recorded significant outflows of $457 million—the first major outflows since early September, the report stated.

Negative
cover-imageBenzinga
December 2, 2024

Why Bitcoin's Institutionalization Is 'A Concern'

Bitcoin's (CRYPTO: BTC) transition from a decentralized digital asset to one dominated by institutional players has introduced a new set of risks. What Happened: With Bitcoin exchange-traded funds (ETFs) in the U.S. now holding over 1 million tokens—equivalent to 5% of its total supply—the cryptocurrency is increasingly controlled by financial institutions and even governments, reshaping its original decentralized ethos, Bloomberg reported.

Positive
cover-imageThe Currency Analytics
December 2, 2024

55K Bitcoin Withdrawn in 72 Hours, Signals Bullish Trends

Bitcoin has recently seen a significant movement of funds, with over 55,000 BTC, valued at $5.34 billion, withdrawn from exchanges in just 72 hours. This substantial outflow has captured the attention of the crypto community and ignited speculation about Bitcoin's next major move.

Positive
cover-imageCrypto Economy
December 2, 2024

MicroStrategy Expands Bitcoin Holdings with $1.5B Purchase at $95K Each

TL;DR MicroStrategy acquired 15,400 BTC for $1.5 billion, increasing its total holdings to 402,100 BTC, with an estimated value of over $38 billion. The purchase was funded through the sale of 3,728,507 shares, as part of a strategy to raise $42 billion and continue investing in Bitcoin. Michael Saylor supports this approach, highlighting a 63.

Positive
cover-imageCryptonews
December 2, 2024

Metaplanet to Offer Bitcoin in Its Shareholders Reward Program

Metaplanet Bitcoin reward program provides a chance for shareholders to win Bitcoin prizes through a lottery. Shareholders who own at least 100 shares by December 31 will be eligible, with a total prize pool of 30 million yen. The program is part of Metaplanet's strategy to integrate Bitcoin into investment portfolios. The post Metaplanet to Offer Bitcoin in Its Shareholders Reward Program appeared first on Cryptonews.

Positive
cover-imageCrypto Economy
December 2, 2024

Long-Term Holders Fuel Bitcoin Rally as Exchange Balances Dwindle

TL;DR Minimum balances on exchanges: Long-term holders limit the flow of Bitcoin to the market, reducing liquidity and creating upward pressure on prices. Driving factors: Institutional demand, Bitcoin ETFs, and favorable policies such as those proposed by Donald Trump are reinforcing interest in BTC as a strategic asset.

Positive
cover-imageCoinPedia
December 2, 2024

MicroStrategy Buys 15,400 BTC, Total Holdings Soar to 402,100

Despite the ongoing price correction in Bitcoin (BTC), MicroStrategy (MSTR), the largest corporate BTC holder, has once again made a significant investment in BTC. Before the opening bell of the U.S. market, MicroStrategy's chair and founder, Michael Saylor announced on X (formerly Twitter) that the company had acquired an additional 15,400 BTC worth $1.5 billion.

Positive
cover-imageZycrypto
December 2, 2024

MicroStrategy's Michael Saylor Tells Microsoft Adopting A Bitcoin Strategy Could Boost Its Valuation By $5 Trillion

MicroStrategy co-founder and Executive Chairman Michael Saylor shared a detailed Bitcoin adoption strategy with Microsoft's board of directors, demonstrating during the three-minute, 44-slide pitch how the tech giant could create about $5 trillion in shareholder value by going all-in on the world's largest and oldest cryptocurrency.

Positive
cover-imageCoingape
December 2, 2024

Bitcoin Miner MARA To Raise $700M Accelerating BTC Buying Plan

Leading Bitcoin miner MARA has once again caused a market frenzy, revealing plans to raise $700 million in an effort to accelerate its BTC buying plan. Notably, the firm revealed on Monday that it intends to offer a private offering worth $700 million in 0% convertible senior notes due 2031, primarily to qualified institutional buyers.

Positive
cover-imageCryptonews
December 2, 2024

MARA Holdings to Raise An Additional $805M for Bitcoin Purchases and Debt Repayment

MARA Holdings plans to raise $805 million through convertible senior notes to expand its Bitcoin holdings and manage debt, with proceeds allocated for repurchasing existing notes and enhancing corporate strategies in the digital asset sector. The post MARA Holdings to Raise An Additional $805M for Bitcoin Purchases and Debt Repayment appeared first on Cryptonews.

Positive
cover-imageBenzinga
December 2, 2024

MARA Targets BTC And Debt Buybacks With New $700M Convertible Notes Offering: MSTR's Michael Saylor Says It Is 'A Company On The Bitcoin Standard'

MARA Holdings Inc (NASDAQ:MARA) has announced another private offering of $700 million of zero-coupon convertible senior notes due 2031 after completing a $1 billion offering of 0% convertible senior notes due 2030 in November. What Happened: The notes will be offered to qualified institutional buyers with 0% interest and no accretion of principal, as per the company's press release.

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