Metaplanet has introduced a new two-tier preferred equity structure designed to deepen its bitcoin-centric financing model, launching a senior Class A instrument called MARS and a new perpetual Class B preferred share, MERCURY, that is expected to raise roughly $150 million. The move positions the Tokyo-listed firm as the latest major bitcoin treasury company to … Read more
Rep. Warren Davidson (R-OH) introduced today the Bitcoin For America Act in the U.S. House of Representatives, a landmark proposal designed to modernize the U.S. financial system and position the nation at the forefront of the global digital asset economy. The bill would allow Americans to pay federal taxes in bitcoin, with all proceeds deposited … Read more
Bitcoin price is trading at lows of $85,980, down over 1% over the past 24 hours, with a 24-hour trading volume of $87 billion. The top cryptocurrency is currently 5% below its seven-day high of $92,944 but is currently making new seven-day and seven-month lows. With a circulating supply of 19,950,600 BTC out of a maximum … Read more
Today in crypto: Bitcoin community’s backlash against JP Morgan grows with calls to boycott, Bloomberg’s Eric Balchunas says Zcash could dilute political and cultural support for Bitcoin, BlackRock’s clients aren’t factoring Bitcoin’s global payments potential into their investment thesis. Bitcoin community’s backlash against JP Morgan grows with calls to boycott The Bitcoin (BTC) community and … Read more
Billionaire investor Ray Dalio, founder of Bridgewater Associates, reiterated his cautious stance on Bitcoin this week, revealing that he holds only a small fraction of the cryptocurrency in his portfolio. Speaking on CNBC’s Squawk Box, Dalio said, “I have a small percentage of Bitcoin… I’ve had it forever, like 1% of my portfolios,” underscoring his … Read more
Strategy — the original “bitcoin-on-NASDAQ” proxy — is now facing its most consequential structural risk since Michael Saylor began converting the firm into a leveraged BTC holding vehicle five years ago. A new JPMorgan research note warns that Strategy is “at risk of exclusion from major equity indices” as MSCI approaches a key January 15 … Read more
The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew. The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for … Read more
The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew. The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for … Read more
Bitcoin price has started to show clear signs of weakness, and the recent move back below six figures has forced a reassessment of the near-term outlook. With several important technical and on-chain levels now lost, I have recalibrated my base case so that the probability of retesting new all-time highs in the coming weeks has … Read more
Bitcoin’s (BTC) price volatility has surged over the last two months, signaling a potential return to options-driven price action that sparks large market moves in both directions. Bitcoin’s implied volatility never broke past 80% after Bitcoin ETFs were approved in the United States, according to Jeff Park, a market analyst and advisor at investment firm … Read more