Today, the Proof of Workforce Foundation, a 501(c)(4) tax-exempt nonprofit organization, has announced the addition of two distinguished members to its Board of Directors: Ajit Singh and Raphael Zagury, according to a press release sent to Bitcoin Magazine. This duo is being brought on to further strengthen the Foundation’s mission to promote meaningful, education-based Bitcoin adoption among…
In a new disclosure, investment management company Millennium Management has revealed holdings of almost $2 billion in spot Bitcoin ETFs. This revealing was made through a SEC 13F-HR institutional investment manager holdings report filed today, and disclosure underscores the increasing interest and investment in Bitcoin ETFs by major institutional players. JUST IN: 🇺🇸Millennium Management discloses it holds…
Khanchit Khirisutchalual/iStock via Getty Images [Investors may have heard about carbon markets, carbon allowances, or cap and trade, but few are aware of the intricacies of the evolving carbon marketplace and the unique investment opportunities that this area represents. We may hear about the global environmental and sustainability conferences of Davos, UN’s COP28, and many…
Susquehanna International Group, LLP (SIG), a global trading, technology, and investment firm, disclosed that it holds over $1.8 billion in Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing submitted to the Securities and Exchange Commission (SEC), providing a detailed breakdown of SIG’s investment portfolio. The filing reveals the investment firms biggest positions were in Grayscales…
The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009. JUST IN: #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/bFbSW5NEAW — Bitcoin Magazine (@BitcoinMagazine) May 5, 2024 At an average rate of…
shulz The data in the article below is sourced from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“FundFlows”). During LSEG Lipper’s fund-flows week that ended April 24, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the first week in three, adding a…
Metaplanet, a publicly-listed Japanese company providing hotel-related and other services, has announced the purchase of ¥1 billion (approximately $6.25 million) worth of Bitcoin. NEW: 🇯🇵 Japanese Public Company Metaplanet just bought $6.25 million worth of #Bitcoin Game theory has started playing out 🚀 pic.twitter.com/EJ19mcO9QF — Bitcoin Magazine (@BitcoinMagazine) April 26, 2024 The company, which is…
Ingenious Buddy Three IPOs debuted this past week. Three IPOs and one SPAC submitted initial filings this week. Product assessment services provider UL Solutions (ULS) priced its upsized IPO above the midpoint to raise $946 million at a $5.7 billion market cap. UL Solutions provides testing, inspection, and certification (TIC) services and related software and…
Trammell Venture Partners (TVP), based in Austin, Texas, has unveiled its second annual findings from its in-depth research into the burgeoning Bitcoin-native startup and venture capital ecosystem. Despite a notable downturn in crypto venture market investments throughout 2023, TVP’s research highlights a remarkable surge in the Bitcoin startup sector, particularly at the Pre-Seed stage, with…
U.S. spot bitcoin exchange-traded funds (ETFs) have surpassed $200 billion in cumulative trading volume since launching just three months ago. JUST IN: 🇺🇸 US #Bitcoin spot ETFs trading volume surpasses $200 billion within just 3 months. Asia is next 🚀 pic.twitter.com/VxQdQJEIjN — Bitcoin Magazine (@BitcoinMagazine) April 10, 2024 According to data from The Block, the total…
seb_ra Zoom Video Communications (NASDAQ:ZM) initially soared after its earnings report in February, as the company posted solid results as well as authorizing a significant share repurchase program. While management appears to be still looking for M&A opportunities, the share repurchase program may have been viewed as a real catalyst for the undervalued tech stock….
DWS, a prominent asset manager with over $900 billion in assets under management, has launched new Xtrackers Exchange-Traded Commodities (ETC) in collaboration with Galaxy Digital Holdings Ltd., offering investors convenient access to bitcoin exposure in Germany. JUST IN: $932 Billion asset manager DWS launches physical #Bitcoin ETC in Germany 🇩🇪 pic.twitter.com/e6RvMLidHY — Bitcoin Magazine (@BitcoinMagazine) April…
Spot bitcoin exchange-traded funds (ETFs) saw their trading volume surge to a record $111 billion in March, nearly triple the $42 billion traded in February. Approved earlier this year by the SEC, US spot bitcoin ETFs have rapidly gained traction among investors. Their volumes last month exceeded even the most optimistic expectations. NEW: #Bitcoin ETFs…
I recently spoke with Ray Youssef, CEO of NoOnes, a peer-to-peer (P2P) bitcoin trading platform with numerous other functionalities, about how NoOnes is empowering its users, what it’s doing in response to the Nigerian government’s crackdown on Binance P2P and why P2P marketplaces play a crucial role in fulfilling the promise of bitcoin as a…
Bitcoin mining businesses generated their highest-ever monthly revenue in March, raking in over $2 billion in block rewards and transaction fees. This shatters the previous record of $1.74 billion set back in May 2021. JUST IN: #Bitcoin Miners hit a record $2 billion in monthly revenue, highest ever. Halving coming in hot in 2 weeks…
SlavkoSereda/iStock via Getty Images This article talks about how money moved around in different parts of the US in February 2024 and how it could impact the markets in March 2024. This is important because when the amount of money going into the economy changes, it takes about a month before it affects the stock…
In a significant milestone for spot Bitcoin exchange-traded funds (ETFs), BlackRock’s spot Bitcoin ETF has recorded over $1 billion in trades today alone, according to Bloomberg Senior ETF Analyst Eric Balchunas. This achievement underscores the growing demand for Bitcoin investment products and highlights the increasing acceptance of Bitcoin within traditional finance. MILESTONE $IBIT has traded $1b worth of…
Carson Group, a significant $30 billion registered investment adviser (RIA) platform, has recently announced its approval to offer four spot Bitcoin exchange-traded funds (ETFs) to its clients, according to a Bloomberg report. Out of the recent batch of US-listed spot Bitcoin ETFs, Carson Group has greenlit BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise…
MicroStrategy’s investment in bitcoin has reached a significant milestone, with the company’s holdings now valued at over $10 billion as BTC rises above $52,000. This achievement underscores MicroStrategy’s steadfast commitment to bitcoin as a long-term store of value and a hedge against inflation. JUST IN: MicroStrategy's #Bitcoin holdings are now worth over $10 BILLION 🤯…
Announced today, Tether, the leading stablecoin issuer, has emerged with a robust balance sheet showcasing ownership of over $2.8 billion in Bitcoin. The information comes to light following an audit conducted by BDO, a renowned auditing firm, as detailed in the official auditor’s report. The audited report provides a comprehensive analysis of Tether’s financial standing,…
_ultraforma_ Investment Thesis – Q4 FY23 Update Citigroup (NYSE:C) (Citi) remains one of my favorite big-bank stocks after what may seem like initially disappointing Q4 and full-year FY23 results. CEO Jane Fraser has accelerated the bank’s turnaround program with tangible qualitative progress being made in FY23. While earnings data supporting the thesis of increased ROE,…
champc The purpose of this article is to examine the US sectoral flows for December 2023 and assess the likely impact on markets as we advance further into January 2024. This is pertinent as a change in the fiscal flow rate has an approximately one-month lagged effect on asset markets and is a useful investment…
A court has frozen the assets of the Three Arrows Capital founders. The company owes $3.3 billion to creditors and filed for bankruptcy after the collapse of the Terra ecosystem last year. One of the most notable events in the crypto industry last year was the collapse of the Terra ecosystem. After Terra failed, many…
JulPo Nuvei Corporation (NASDAQ:NVEI) may have significantly overpaid for Paya Holdings in February 2023, which is reflected in the suppressed share price at the moment, although the acquisition of Paya fits very nicely in Nuvei’s long-term strategic plan. The benefits from the acquisition of Paya may take longer to realize for Nuvei. Introduction: Nuvei is…
Oriaz Currently, demand for airplanes is high as demand for air travel supports a growing world fleet, especially after many airplanes were phased out during the pandemic. Additionally, fluctuations in oil prices as well as an inability to supply airplanes in desired quantities have customers lining up to buy airplanes from Boeing (BA) and its…
bjdlzx In many business transactions, there are both winners and losers. One such example can be seen by looking at the recent news that broke regarding telecommunications giant AT&T Inc. (NYSE:T). On December 4th, the management team at the firm announced that it had struck up a deal to collaborate with Telefonaktiebolaget LM Ericsson (publ)…
Microstrategy has now realised more than $2 billion in profits directly from its repeated investments in Bitcoin. Business intelligence company MicroStrategy Inc (NASDAQ: MSTR) has seen a staggering surge in gains, amassing over $2 billion in profit from its substantial Bitcoin (BTC) holdings. This comes following the cryptocurrency’s recent surge above $42,000. MicroStrategy started its Bitcoin investment…
DusanBartolovic Mining doesn’t work that way Ramaco Resources (NASDAQ:METC) (METCB) is well in the news right now. They’ve discovered rare earths in their coal mine. How exciting. Well, except for a number of things. Quite a few things in fact. This piece is not about metallurgical coal, the coal mine or the market for that….
Drazen_ Mainland Chinese developers have come under the global spotlight lately as many get crushed under huge piles of debt accrued during China’s real estate boom of the last three decades. Their peers in Hong Kong, an adjacent but separate market, are also facing pressures from high interest rates, though most are faring better than…
Sean Gallup Shopify Inc. (NYSE:SHOP) shares have fallen more than 20% since our last coverage, but regained momentum earlier this week after rival PayPal Holdings (PYPL) posted a better-than-expected quarter and markets cheered on a seemingly dovish Fed. The upsurge was further reinforced by Shopify’s solid Q3 results released today, with a double beat that…
MicroStrategy, the software firm led by prominent Bitcoin evangelist Michael Saylor, is once again demonstrating the potential of Bitcoin as a store of value. With a strategic approach to accumulating the Bitcoin through the entirety of the most recent bear market, the company is now sitting on a nearly $1 billion gain. MicroStrategy’s journey into…
Since its launch, the TON Believers Fund collected a substantial amount of TON tokens. To be precise, it gathered 1,317,379,088 TON coins. The Open Network (TON) Believers Fund, a non-profit fund operating as a smart contract on the TON blockchain has successfully raised a remarkable 1.3 billion TON coins (approximately 25% of TON supply) from…
Depending on current BC Technology discussions with potential buyers, the company might conclude a sale of all or parts of its OSL exchange. BC Technology Group, the parent company and owner of Hong Kong crypto exchange OSL is looking to sell the exchange. According to a Bloomberg article referencing people familiar with the matter, BC hopes to…
It is important to note that when a government agency seizes a crypto asset, it does not immediately own the assets. Ownership transfers only after a court ruling in favor of forfeiture. The United States government is among the largest Bitcoin (BTC) holders in the industry, with over 200,000 of the crypto assets stashed away…
kentoh/iStock via Getty Images Deals and Financings Suzhou MediLink Therapeutics out-licensed global rights (ex-China) for its antibody-drug conjugate candidate against Human Epidermal Growth Factor Receptor 3 (HER3) to BioNTech (BNTX) in a $1.1 billion agreement (see story). BioNTech will pay $70 million upfront to MediLink and be responsible for more than $1 billion in milestone…
Today, THNDR has unveiled its latest innovation, Clinch — an API designed to enable instantaneous, borderless, low-fee, peer-to-peer wagering using the Bitcoin Lightning Network, according to a press release sent to Bitcoin Magazine. Recognizing the pain points of traditional competitive gaming platforms, such as high buy-ins, slow payouts, and regional restrictions, Clinch aims to redefine the…
AzmanJaka/E+ via Getty Images Analysis Summary Today I’ll be covering Alcon (NYSE:ALC), in the healthcare sector, subsector of healthcare supplies. According to its Seeking Alpha profile, it trades on the NYSE, is based in Switzerland, and is a company that researches, develops, manufactures, distributes, and sells eye care products for eye care professionals and their…
This is not the first time Israel’s central bank has intervened in the foreign exchange market to stabilize the shekel. The Bank of Israel has announced its intention to sell up to $30 billion in foreign reserves to support the Israeli shekel as it faces its weakest point in seven years. The decision comes in…
A filing with the SEC shows that Exxon Mobil’s third-quarter earnings received a major boost from the high crude oil prices Oil and gas giant Exxon Mobil Corp (NYSE: XOM) is said to be in advanced talks to acquire shale-focused company Pioneer Natural Resources Co. According to a Wall Street Journal report citing an anonymous…
With the massive fundraise, Anthropic will focus on making significant developments on Claude Next and increase spending to boost its AI model. A week after raising $1.25 billion from tech giant Amazon, OpenAI rival firm Anthropic has tapped Google and others to raise an additional $2 billion in fresh funding. Google had already picked up…
On this day 14 years ago, the Bitcoin price was born. As noted in a post on X today by Bitcoin Historian Pete Rizzo, October 5 marks the anniversary of the date on which NewLibertyStandard, a pseudonymous early Bitcoin user made public the first U.S. dollar price valuation for Bitcoin. A home miner at the time,…
guvendemir On the 30th of September, the financial year 2023 ended for the Department of Defense. As usual, the conclusion of the financial year also brought a last-minute surge in defense contract awards, many of which have also been covered by the Seeking Alpha news team. In this report, I will be analyzing the financial…
Unchained, a leading bitcoin financial services provider, has expanded its collaborative custody network with the addition of Coincover, a company known for protecting and insuring over 5 million crypto wallets, according to a press release sent to Bitcoin Magazine. This move aims to bolster the security of Unchained’s collaborative custody product, which now secures over…
Alliance Bernstein (AB), a prominent $646 billion asset manager, has predicted that the Bitcoin and crypto fund management industry is poised for remarkable growth, potentially reaching a staggering $650 billion within the next five years. This forecast comes on the heels of recent developments that have bolstered the outlook for institutional adoption of Bitcoin by…
In a recent video interview on the Paul Barron Network, Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management, made a compelling prediction about Bitcoin’s future. Yusko, with decades of experience in the financial industry, suggested that the approval of a Bitcoin spot exchange-traded fund (ETF) by the SEC could pave the way for…
Laser Digital, a subsidiary of $500 billion asset manager Nomura, unveiled its new Bitcoin Adoption Fund today, according to a press release sent to Bitcoin Magazine. Notably, this is just the first in a series of investment solutions that Laser Digital Asset Management plans to introduce to the market. The Laser Digital Bitcoin Adoption Fund…
zhengzaishuru Earthstone Energy (NYSE:ESTE) is being acquired by Permian Resources (NYSE:PR) for approximately $4.5 billion (including the assumption of net debt). This will create a combined company with approximately 300,000 BOEPD in production and over 400,000 Permian net acres. Both companies have grown substantially through acquisitions/mergers over the years. My standalone valuation estimate for Earthstone…
Adyen published its slowest growth for a half-year since 2018 and lost $20 billion of its market valuation as shares also fell 39%. Shares of Dutch payment company Adyen crashed 39% on Thursday causing the company’s market capitalization to plunge by 18 billion euros ($20 billion). Adyen had just published figures for the first half…
BlackSalmon/iStock via Getty Images Deals and Financings Jiangsu Hengrui Pharma (SHA: 600275) out-licensed global rights (ex-China) for a novel anti-inflammatory to ONE Bio (OTC:ONBI) of Florida in a $1 billion deal (see story). SHR-1905 is an anti-TSLP monoclonal antibody aimed at severe asthma. ONE Bio will make an $21.5 million payment upfront along with a…
BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to amplify BitGo’s secure and regulated custody, wallet, and infrastructure solutions on a global scale and to facilitate strategic acquisitions. “Not only…