Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy (MSTR) has increased its bitcoin (BTC) holdings for the ninth consecutive week. MicroStrategy holds more bitcoin than any other publicly traded company. In the week ending Jan. 5, MicroStrategy purchased a further 1,020 BTC for $101 million, bringing its total bitcoin holdings … Read more
Two of the biggest corporate bitcoin (BTC) holders plan to continue adding more BTC to their already sizeable coffers. Per tweets over the weekend, Bitcoin development firm MicroStrategy (MSTR) plans to raise up to $2 billion through preferred stock offerings to fuel more bitcoin purchases in the first quarter of 2025. Elsewhere in Japan, investment … Read more
Happy New Year, advisors! We look forward to bringing you crypto news for advisors every Thursday this year! In today’s issue, our first newsletter of 2025, Roxanna Islam from TMX VettaFi provides a comprehensive guide to the world of crypto ETFs, looking at what happened in 2024 and what’s expected in 2025. Then, Griffin Kelly … Read more
The largest public fund tracking bitcoin (BTC) recorded its highest outflows on Thursday, nearly one year after going live. BlackRock’s Nasdaq-listed IBIT, which holds over $53 billion in net assets, saw over $332 million leave the fund on Thursday, according to data source SoSoValue. These exceed a short-held previous record of $188 million in late … Read more
Bitcoin (BTC) started the new year on a high note after tapping into the six-figure mark in 2024. Most observers expect 2025 to be just as remarkable, with projections placing BTC at $185,000 and higher. The road, however, may not be as straightforwardly bullish as expected, as the recent price action suggests sellers are looking … Read more
Programmable blockchain Cardano’s ADA token jumped 12% in the past 24 hours to lead gains among crypto majors, with rangebound trading in bitcoin (BTC) influencing the broader market. ADA crossed $1, a three-week high, as BTC, ether (ETH), Solana’s SOL and dogecoin (DOGE) added under 2%. The broad-based CoinDesk 20 (CD20), a liquid index tracking … Read more
Bitcoin’s (BTC) hashrate, the computational energy needed to mine a block in a proof-of-work blockchain, is on track to reach 1 zettahash per second before the next halving event in about 3.5 years, putting miners under pressure to secure cheap power deals and more efficient equipment. The average hashrate could reach that level, equivalent to … Read more
Rep. Mike Johnson (R-Louisiana) will get to keep the big gavel after his fellow Republicans voted to re-elect him House Speaker on Friday afternoon. Johnson, who has been publicly backed by President-elect Donald Trump, was able to garner the minimum 218 votes needed to win the job in the first round of voting, though he … Read more
As the co-founder and general partner at early stage venture capital fund Race Capital, Edith Yeung has had a front-row seat on the development of the crypto sector, particularly in Hong Kong, where she was born and raised. Most notably, she was a seed investor in Solana, investing $250,000 when SOL was valued at just … Read more
Do Kwon, founder of the failed Terra Luna crypto ecosystem, pleaded not guilty to charges of fraud following his Dec. 31 extradition to the U.S., Reuters reported on Thursday. Kwon’s Terraform Labs developed the luna cryptocurrency and algorithmic stablecoin terraUSD, which collapsed in 2022 with the loss of an estimated $40 billion. Kwon faces charges … Read more