Michael Saylor, Executive Chairman of MicroStrategy, hinted at resuming Bitcoin purchases this week following the company's recent $1.5 billion convertible notes repayment and capital raising efforts. MicroStrategy paid off its debt at a discount and raised funds through preferred stock and common shares, which were partly used to buy over 24,000 BTC. The company currently holds 843,738 BTC worth $62.24 billion. Recent Bitcoin transfers to and from Coinbase Prime suggest strategic buyback moves, signaling MicroStrategy's continued commitment to expanding its Bitcoin treasury despite market fluctuations.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
