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Metaplanet Shares Soar 158% on Bitcoin Strategy, Triggering Consecutive Trading Halts
23.5.2024
Trading in Metaplanet’s stock was halted for two consecutive days by the Tokyo Stock Exchange due to a significant price surge, following the company’s adoption of a bitcoin investment strategy similar to Microstrategy’s, which led to a 158% increase in its share price over...
Japanese listed firm adds Bitcoin as reserve asset with 117 BTC
13.5.2024
Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million
ARK Sells Last of Its ProShares Bitcoin Futures ETF Shares
26.4.2024
The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday's closing price of $28.22 from its Next Generation Internet ETF (ARKW)
Is your Bitcoin strategy keeping up with crypto trends?
13.3.2024
In recent years, cryptocurrencies have demonstrated a rising value in the crypto market, with 14 million BTC coins in circulation, driving most market capitalization for major cryptocurrencies. These inventions in finance have created a global financial phenomenon that has led to the adoption...
El Salvador’s Bukele Defends Bitcoin Strategy as Holdings Hit Record 53% Profits
6.3.2024
El Salvador's President Bukele has defended his Bitcoin strategy as the country's holdings hit a record 53% profit, reaching $164.5 million. This progress stems from El Salvador's declaration of Bitcoin as legal tender alongside the US dollar in 2021. According to data from Bitcoin Treasuries,...
ARK Bought $62.3M Worth of Own ETF in Last Week; Sold $42.7M of BITO
26.1.2024
ARKW now holds $91.4 million of ARKB, constituting a 5.98% weighting of the fund's total value
Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses
24.1.2024
Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50% in over two years, Schiff predicted that those...
Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF
19.1.2024
Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood’s Ark Invest Redirects Millions to In-house Bitcoin ETF Ark Invest, led by fund manager Cathie Wood, has made several trades based around bitcoin...
ProShares Bitcoin Strategy ETF (BITO) Surpasses $2 Billion in Assets, Sets All-Time High
10.1.2024
Image Source: Adobe The ProShares Bitcoin Strategy ETF (BITO), an exchange-traded fund focused on Bitcoin (BTC) futures, has amassed over $2 billion in assets, reaching an all-time high. According to data by YCharts, BITO’s assets stood at $2,010,057,946 as of the market close on January...
Cathie Wood's ARK Invests in ProShares Bitcoin ETF After Dumping Grayscale Holdings
28.12.2023
The investment fund bought $9.2 million worth of BITO shares while selling $27.6 million worth of COIN
El Salvador’s Bitcoin Strategy Pays Off with $3.6 Million Profit – Will President Nayib Bukele Sell BTC Holdings?
4.12.2023
El Salvador Flag With BTC Tokens / Source: Adobe The Bitcoin (BTC) price, which briefly surpassed $42,000 on Monday for the first time since April 2022, has risen back above El Salvador’s average purchase price, putting the emerging Central American nation’s crypto bet back in the green....
Will Bitcoin Futures ETFs Crumble After Spot ETF Approval? Interview With ProShares
2.12.2023
Source: Adobe Stock As Bitcoin (BTC) surged passed $38,000 in November, the ProShares Bitcoin Strategy ETF (BITO) has tapped a new all-time high for assets under management (AUM). On Tuesday, the fund’s Bitcoin futures contracts reached a record $1.47 billion in value. That’s up from $1.1 billion...
Microstrategy’s Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
1.12.2023
Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $5.28 billion. Since adopting its bitcoin strategy, Microstrategy’s stock...
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
12.8.2023
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock...
MicroStrategy to stay on Bitcoin course even if spot ETFs approved: Saylor
3.8.2023
Michael Saylor compared his firm to a “sportscar” whereas a spot ETF will be like a “supertanker” when it came to giving investors Bitcoin exposure
ProShares Says Bitcoin ETF Has Matched BTC Price Closely, 'Roll Cost' Concerns Are Unwarranted
21.7.2023
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low tracking error, the firm said
ProShares’ Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research
30.5.2023
The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price
Microstrategy Buys 6,455 More Bitcoin — Now Holds 138,955 BTC
27.3.2023
Microstrategy has purchased 6,455 bitcoins for approximately $150 million at an average price of $23,238 per coin. With its latest purchase, Microstrategy now holds 138,955 bitcoins acquired at an average of $29,817 per coin. Moreover, the company also paid off its loan from troubled Silvergate...
El Salvador’s Bitcoin strategy evolved with the bear market in 2022
6.1.2023
After making Bitcoin legal tender in the country, El Salvador has faced a tough year of critics and the nonstop sinking of Bitcoin pricing
Over 70% of Surveyed El Salvador Citizens Say the Country’s Bitcoin Strategy Has ‘Failed’
20.10.2022
Just above three-quarters of surveyed Salvadorians reportedly see the adoption of bitcoin (BTC) as a failure.
According to the poll by the University of Central America (UCA), as reported by Barron’s, 77% of respondents consider the BTC adoption as legal tender in 2021, alongside the dollar,...