As Utah takes the front seat in adopting Bitcoin as a reserve asset, other states, including Florida, Maryland, Pennsylvania, Ohio, and Oklahoma, have also moved to establish Bitcoin reserves.
The US spot Bitcoin ETFs have continued to bleed despite the cash inflows to BlackRock’s IBIT, thus weighing down the bullish sentiment.
Bitcoin price signals bearish trend, dropping below $94k amid market volatility. Meanwhile, Strategy announces $2B note offering to acquire more BTC despite the correction.
Bitcoin is trading below $95,000 as the Coinbase Premium Index turns negative, indicating retail selling pressure despite growing institutional adoption through ETFs.
Business intelligence firm Strategy has temporarily suspended its Bitcoin purchasing program by pausing stock sales between February 10-14, keeping its massive 478,740 BTC treasury unchanged.
The new facility offers 240 megawatts of interconnection capacity and 114 megawatts of wind power, utilizing last-generation ASIC mining hardware.
The Bahamian arm of FTX starts reimbursing smaller creditors today, though the repayment model based on 2022 prices has left some feeling shortchanged amid Bitcoin’s 390% surge.
Bitwise Asset Management has revealed its Bitcoin ETF wallet addresses, allowing investors to verify holdings directly on the blockchain and potentially influencing industry standards.
The low demand from whale investors has lowered the odds of Bitcoin price rebound from $95.5K thus a retest to $92K is more probable in the near term.
BitcoinOS has introduced Grail Bridge testnet, a cross-chain solution that allows safe Bitcoin transfers to Ethereum-compatible networks, marking a major advancement in making Bitcoin more versatile beyond payments.
FTX prepares to initiate its massive creditor repayment program, offering up to 120.5% returns for small claims while Bitcoin holders face value cap challenges.
Global crypto funds experience first net outflow in five weeks, with US-based products hit hardest while European markets maintain stability.
The biggest liquidation order took place on Bybit, where a BTC/USDT trader lost $1.6 million.
Presently, Metaplanet holds a total of 2,031.41 BTC, acquired at a cumulative investment of approximately $163.3 million.
12US state pension funds collectively hold over $330 million in Michael Saylor’s Strategy stock (MSTR), with California, Florida, and Wisconsin leading the investments.