Bitcoin

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MicroStrategy’s Saylor Offered to Buy Out Shareholders Before Buying Bitcoin

Michael Saylor faced obstacles before he successfully added Bitcoin to MicroStrategy's balance sheet in 2020. Speaking at the 2024 Abundance360 Summit this week, Saylor revealed how he offered to buy out MicroStrategy shareholders in a Dutch action when they moved...

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How do the Wealthiest Bitcoin Holders Secure their Bitcoin?

If you want to hold a large amount of bitcoin securely, it makes sense to investigate how the wealthiest bitcoin holders handle this task. While wealth doesn’t cause infallibility, these entities have the most to lose from making a mistake....

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Palladium and Botanix Labs Launches Bitcoin-native Stablecoin on Bitcoin’s First EVM Layer 2

Palladium and Botanix Labs have announced the launch of a new stablecoin, PUSD, on Bitcoin's first EVM-equivalent Layer 2 network, according to a press release sent to Bitcoin Magazine.The PUSD stablecoin, developed by Palladium Labs, boasts a unique feature of...

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Luxor and Bitnomial Launch First Ever Bitcoin Hashrate Futures

Luxor Technology Corporation (Luxor) and Bitnomial, Inc. have announced the launch of the first US exchange-traded Hashrate Futures, according to a press release sent to Bitcoin Magazine. Set to debut on Bitnomial’s derivatives exchange by the end of this month,...

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Michael Saylor’s MicroStrategy Acquired an Additional 9,245 BTC

MicroStrategy has continued expanding its bitcoin holdings, announcing the purchase of approximately 9,245 bitcoins for around $623 million in cash today.According to the company's new press release, it acquired the bitcoin between March 11 and 18, using proceeds from its...

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Japan’s $1.5 Trillion Pension Fund Explores Diversifying Into Bitcoin

Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund managing over $1.5 trillion in assets, has announced it will explore diversifying a portion of its portfolio into Bitcoin.According to the announcement, the GPIF will solicit information on illiquid...

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$150K: Standard Chartered Bank Raises Bitcoin Price Forecast for 2024

Global banking giant Standard Chartered has upped its bitcoin price prediction for the end of 2024 to $150,000, a significant increase from its previous forecast of $100,000.In a new report, Standard Chartered analysts cited strong inflows into recently launched spot...

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MicroStrategy Increases Convertible Loan to $525 Million to Buy More Bitcoin

The Michael Saylor-led software company MicroStrategy has upsized its planned convertible senior notes offering from $500 million to $525 million.The company intends to use the proceeds to acquire more Bitcoin, as per their recent press release, following a strategy it...

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Stabilizing Forces: How Bitcoin ETF Inflows Counter Price Volatility

Eleven approved Bitcoin ETFs have painted the pioneering cryptocurrency with a fresh coat of legitimacy. By receiving an official blessing from the Securities and Exchange Commission (SEC), an institutional investing barrier has been lifted.With this barrier gone, financial advisors, mutual...

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Cypherpunk Legend Adam Back Says $100,000 Bitcoin Price is ‘Overdue’

Bitcoin pioneer Adam Back, one of the earliest cypherpunks who helped lay the ideological foundation for Bitcoin, believes that the bitcoin price is on its way to hitting $100,000, and that the move is "overdue." Back has been involved with...

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