MicroStrategy's $4 billion Bitcoin bet is inching towards profitability thanks to BTC's recent rally. Under Michael Saylor, the firm has acquired over 138,900 BTC for an average price of $29,817.
U.S. authorities plan to offload 41K Bitcoin in 2023 after selling 9,800 BTC for $216 million on March 14.
Summary: MicroStrategy bolstered its Bitcoin bag with a 6,455 BTC purchase worth around 150 million at today’s prices. Former CEO Michael Saylor noted that the company also repaid its $205 million Bitcoin-collateralized loan at a 25%...
The bitcoin mining industry in Texas remains undeterred amid growing concerns over the industry's rising power consumption. Power consumed by bitcoin miners went up 75% last year.
Popular crypto veteran Arthur Hayes believes that Bitcoin can cross the $1 million mark, thanks to the U.S. Federal Reserve's new Bank Term Funding Program.
Marathon Digital lost $687 million in 2022. The bitcoin miner's Q4 revenue fell by 58% to $28.4 million. The firm blamed falling digital asset prices for the massive loss.
Crypto Mixer ChipMixer Washed Out By National Authorities, $46 Million In Bitcoin Confiscated: Europol
U.S and European authorities shut down suspected crypto laundromat ChipMixer and seized $46 million worth of Bitcoin from the crypto mixer, Europol announced.
Creditors of Mt. Gox have to wait a few days extra to receive their repayments after another deadline extension.
Mt. Gox creditors have until Friday, Mar. 10 to submit their claims and move closer toward recovering 90% of their assets from the hacked Bitcoin exchange.
LocalBitcoins is shutting down its platform this month due to the ongoing crypto winter. The peer-to-peer Bitcoin exchange has been serving customers for more than 10 years.
Final briefs in Grayscale vs The SEC were filed last week as the $10 billion asset manager seeks to convert its discounted GBTC shares into a Bitcoin ETF.
Cathie Wood's Ark Invest has predicted that Bitcoin will be worth more than $1 million by 2030. The asset manager made the case for Bitcoin in its recent Big Ideas report.