The bulk of Reddit's cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant.
The company will use $21 billion of equity and $21 billion of fixed income securities to buy more Bitcoin.
The company will use $21 billion of equity and $21 billion of fixed income securities to buy more Bitcoin.
MicroStrategy has upped the ante with it announcing in a filing with the Securities and Exchanges Commission (SEC) a $42 billion capital plan.
MicroStrategy's "21/21 Plan" targets $42 billion in capital over the next three years and aims to support further acquisitions of bitcoin.
Bitcoin has recently broken past the $71,000 level, fueling renewed enthusiasm among bullish investors. Analysts are optimistic, citing strong indicators that suggest Bitcoin could be on the verge of a new all-time high (ATH).
Experts see Microsoft's consideration of investing in bitcoin as a sign of growing acceptance among public companies to use cryptocurrency as a diversification strategy to maintain market dominance and protect shareholder value.
American software company, MicroStrategy has undoubtedly become one of the most Bitcoin (BTC) bullish firms
You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.
Spot bitcoin ETF's saw $870 million worth of inflows as BTC approaches a record high. Plus, insights on sentiment around the largest token by market cap as daily OTC desks drop to year lows.
Bitcoin's price is on the verge of creating a new all-time high following the significant rally in the past few days. However, the asset has faced some initial resistance and is yet to break above the March peak.
Cryptocurrency markets are trading relatively flat after Bitcoin's run above $71,000. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $71,930.79 -1% Ethereum (CRYPTO: ETH) $2,662.75 -1.3% Solana (CRYPTO: SOL) $174.39 -2.3% Dogecoin (CRYPTO: DOGE) $0.1684 -1.4% Shiba Inu (CRYPTO: SHIB) $0.00001844 -2.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 57.6% and daily active addresses growing by 7.8%.
ETF analyst anticipates substantial Bitcoin inflows continuing this week.
Florida's Chief Financial Officer, Jimmy Patronis, has formally requested that the state's pension fund managers explore the feasibility of investing in Bitcoin, positioning the state to potentially adopt BTC as a strategic reserve asset.
Business intelligence firm MicroStrategy has announced that it plans to raise a whopping $42 billion over the next three years in order to purchase more Bitcoin.
Bitcoin's recent rally has lead to double digit gains for top meme coins.
Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs
Bitcoin (BTC) has led crypto market gains this month, trading in line with on-chain projections. Data shows several technical indicators tilting toward a full-scale uphill run for the asset.
As the US presidential election approaches, former President Donald Trump's odds on crypto betting platforms like Polymarket have surged, with analysts predicting significant implications for Bitcoin prices if he secures a second term in the Oval Office. However, market expert Patrick H.
A handful of Bitcoin traders have projected new all-time highs for the asset as it crossed a significant milestone. Whales and other bulls are setting the tone for a massive surge in the coming weeks.
The cryptocurrency market is opening the week with a surge of optimism as Bitcoin (BTC) grapples with its ongoing struggle to breach the critical $70,000 resistance. This situation is not just a challenge for Bitcoin; it's fostering a bullish atmosphere across the entire market.
As bitcoin's price nears its all-time high, the network's hashrate is hitting impressive heights once again this year. Bitcoin's Computational Power Climbs to New Highs—Will the Trend Continue? Following the trajectory of BTC's rising value against a variety of fiat currencies, including the U.S. dollar, bitcoin's network hashrate is soaring. At 11:30 a.m.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have performed well in recent weeks, with consecutive inflows attributed to the recent surge in Bitcoin prices. At press time, these ETFs had $72.55 billion in net assets, equivalent to 5% of Bitcoin's total market capitalization.
Bitcoin is still holding on to gains suggesting strong bullish sentiment remains after its recent breakout.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Anthony Scaramucci, founder of SkyBridge Capital, recently stated that Bitcoin is still "very early."
The wider crypto market has been abuzz following Bitcoin's recent impressive performance, which has resulted in the premier crypto getting precariously close to revisiting its current all-time high price.
Ethereum has been lagging Bitcoin's rally by 50%. A break below $2121 targets $700-1000.
The latest filing with the SEC has revealed that Reddit has sold the majority of its cryptocurrency portfolio during the third quarter, offloading Bitcoin and Ethereum once held “for treasury purposes.” JUST IN: Reddit sold the majority of its #Bitcoin before BTC started pumping in October — SEC filing pic.twitter.
The Japanese investment firm Metaplanet now holds more than $168 million worth of Bitcoin after a recent BTC purchase. The firm began accumulating the top crypto asset by market cap after it announced a shift in its treasury management strategy earlier this year, purchasing a total of 156.78 BTC over the weekend.
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.
Extreme greed grips the crypto market as Bitcoin dominance soars, but savvy investors recognize this as the calm before the altcoin storm.
Bitcoin's shallow pullback shows buyers are not rushing to the exit and increases the likelihood of a rebound to new all-time highs. Will altcoins follow?
Bitwise Chief Investment Officer Matt Hougan on Wednesday expressed optimism about Bitcoin's (CRYPTO: BTC) future, predicting it could surpass the $100,000 mark in 2025. What Happened: In an interview with Yahoo Finance, Hougan cited rising institutional adoption and increasing ETF flows as primary catalysts.
A post on X by Alexander Leishman, the CEO of brokerage firm River suggests that top technology firm Microsoft Corp (MSFT) has commenced voting on Bitcoin (BTC) investment proposal. The River executive shared a screenshot of a poll which asked viewers' opinion of a proposal to invest in the top coin.
Following its recent deposit into Binance, Bhutan now holds nearly $891 million worth of bitcoin.
Political candidates are running to embrace pro-Bitcoin positions - inspired by bottoms-up adoption and game theory. This is a new phase in Bitcoin's growth.
The U.S. will effectively address its debt crisis by allowing inflation to rise slightly even though it may negatively impact savers and lower- to middle-income households, SkyBridge Capital founder Anthony Scaramucci said on Wednesday, taking a contrarian view to one of the most polarizing economic debates ahead of the Nov. 5 U.S. election.
Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations as the Bitcoin price has breached $71,000. Crypto Derivatives Has Seen $223 Million In Liquidations During Last 24 Hours According to data from CoinGlass, liquidations have piled up on the cryptocurrency derivatives market over the past day.
Competition is growing between risky, leveraged ETFs built around MicroStrategy stock, with both MSTR and Bitcoin pumping in value.
Amid ongoing bullish recovery, the Bitcoin price is only a few dollars away from achieving a new ATH! Following this, the market has experienced a parabolic price action with major projects heading toward a new high.
A historically accurate Bitcoin price indicator suggests that BTC price will reach the $174,000 to $462,000 range within 24 months.
Bitwise CIO Matt Hougan has shared his insights for Bitcoin's explosive growth in the latest interview with Yahoo Finance. He claims that regardless of a Trump win or a Harris win, the regulatory setting for bitcoin is improving, which is reflected in its price.
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, addressed a pressing question among investors: Does the US dollar need to collapse for Bitcoin to reach a valuation of $200,000 per coin? Hougan's analysis suggests that Bitcoin's ascent to such a price level does not depend on a decline in the US dollar's value but rather on Bitcoin's maturation as a store-of-value asset and global economic factors increasing demand for such assets.
Pseudonymous analyst CrediBULL Crypto highlighted that Bitcoin's (CRYPTO: BTC) break of $71,000 might not indicate a sustained bullish trend. What Happened: The analyst described the move as "corrective" rather than impulsive on his X profile, emphasizing that context is essential: "I did think a break of $71,000 would be bullish as I assumed that we would not break those highs until we saw our next impulse to the upside to ignite the rally to $100,000.
The total net assets of spot Bitcoin ETFs have reached a historic milestone, now valued at $72.55 billion.
BTC price gains are seen continuing after a brief support retest, but it is the lack of interest or market overheating causing the real stir.