Sora Ventures Rolls Out $150M Fund to Boost Bitcoin-Focused Treasury Strategies in Asia
The $150 million fund is a blueprint for Asian companies to integrate Bitcoin as a financial reserve, mirroring MicroStrategy’s model.
The $150 million fund is a blueprint for Asian companies to integrate Bitcoin as a financial reserve, mirroring MicroStrategy’s model.
Bitcoin shows signs of short-term weakness following significant US government BTC transfers and market rotation to altcoins, despite declining exchange supply and continued institutional buying.
Mara Holdings plans to expand its Bitcoin stack by offering over $700 million in convertible senior notes.
MicroStrategy expands Bitcoin holdings with 15,400 BTC purchase at $95,976 per coin, reaching 402,100 BTC total. Company achieves 38.7% BTC yield QTD and 63.3% YTD as institutional adoption grows.
With over $109M in Bitcoin holdings, Metaplanet leads Asia in corporate crypto reserves.
The raised funds will be used to advance Argo’s strategic initiatives and bolster its financial position.
MicroStrategy’s Michael Saylor proposed a Bitcoin-focused financial strategy for Microsoft in a detailed three-minute pitch.
The Judge previously dismissed Wright’s claim that he is the original author of Bitcoin’s whitepaper, and thus the famous Satoshi Nakamoto.
Bitcoin whales took advantage of the recent dip to $91,000, accumulating a total of 16,000 BTC worth $1.5 billion.
Boyaa Interactive swapped 14,200 ETH for 515 BTC, boosting its Bitcoin holdings and earning a $10 million profit.
Cardano founder Charles Hoskinson forecasts Bitcoin will lead the DeFi market within the next 2-3 years, citing its scale and liquidity.
Miners face a 50% block reward cut since April, with daily bitcoin mining capped at 450 coins.
The country’s office of the Advisory Committee on business appointments approved Baker’s bid to join Axiom as a paid advisor.
Marathon Digital (MARA) has added 703 BTC to its holdings, bringing its total to 6,474 BTC, following a $1 billion convertible note offering.
The overall supply of Bitcoin on centralized exchanges has continued to shrink in the recent past fueled by rising demand from institutional investors.
Bitcoin News Today
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin Adoption
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Venturing in Bitcoin
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin Mining
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.