Category: Cryptocurrency news

Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report

Major cryptocurrencies have come under pressure, reflecting heightened expectations for a Federal Reserve interest-rate increase as soon as July, just ahead of key U.S. inflation data and congressional testimony from Chair Kevin Warsh. Bitcoin BTC$62,465.50 has dropped by over 2% in 24 hours to $62,380. Ether (ETH), $XRP ($XRP) and other tokens are also nursing […]

Japan-Based Company Announces It Will Buy Bitcoin by Issuing Bonds! Here Are the Details

Bitcoin Japan, a company listed on the Japanese stock exchange that recently changed its name from Hota Marusho, is preparing to add Bitcoin ($BTC) to its balance sheet following a capital increase. The company announced that it raised approximately 9.657 billion Japanese yen, or about $60.3 million, through the issuance of convertible bonds and new […]

Peter Schiff Says Strategy Is No Longer a Leveraged Bitcoin Bet, Warns MSTR Shareholders of Infinite Dilution

Strategy’s Bitcoin Bet Faces a Capital-Structure Test Strategy Inc. (Nasdaq: MSTR) shareholders face two competing outcomes. A bitcoin recovery could restore MSTR’s appeal as an amplified proxy, while continued common and preferred issuance could reduce the bitcoin exposure represented by each share. Economist, gold advocate and longtime bitcoin critic Peter Schiff argues the second outcome […]

List of the Largest Bitcoin Holders Updated—They’re Very Close to Satoshi Nakamoto

According to data from blockchain analytics platform Arkham Intelligence, Bitcoin’s anonymous creator, Satoshi Nakamoto, is the world’s largest Bitcoin holder with approximately 1,096,000 $BTC. The current value of assets believed to belong to Satoshi is approximately $71.36 billion. This amount corresponds to about 5.47% of the total Bitcoin supply. Second on the list is Coinbase, […]

Swedbank boosts Strategy stock holdings to 90,590 shares for Bitcoin exposure

Swedbank AB has increased its stake in Strategy Inc. (NASDAQ: MSTR), purchasing an additional 8,278 shares and bringing its total holdings to 90,590 shares. The bank disclosed its latest position through an official filing, reflecting its ongoing strategy of expanding exposure to Bitcoin via the equity markets. Steady accumulation of Strategy shares Swedbank, one of […]