El Salvador has mined nearly 474 bitcoins worth around $29 million since September 2021 using geothermal energy from the Tecapa volcano, official data revealed. This boosts the country’s total bitcoin holdings to 5,750 BTC valued at over $360 million. JUST IN: 🇸🇻 El Salvador mined nearly 474 #bitcoin worth $29 million using volcano-fueled geothermal power…
Today, the State of Wisconsin Investment Board (SWIB) has revealed its substantial investments in Bitcoin Exchange-Traded Funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB holds nearly $100 million worth of BlackRock’s spot Bitcoin ETF (IBIT). JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it…
Block CEO Jack Dorsey recently predicted Bitcoin could reach a price of “at least $1 million” by 2030. Since stepping down from Twitter, now X, Dorsey has become a leading Bitcoin advocate, taking part in various Bitcoin and Nostr-related initiatives. JUST IN: Jack Dorsey predicts at least $1 million #Bitcoin price by 2030 🚀 pic.twitter.com/uNukkC4goQ…
Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will…
Bitcoin and crypto exchange Coinbase has integrated Bitcoin’s Lightning Network, enabling faster and cheaper BTC transactions for its users in the United States (with the exception of New York). As the largest Bitcoin exchange globally by users, trading volume, and custody of assets, Coinbase’s adoption of Lightning is a major win for the Bitcoin scaling solution….
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. We’re Looking For The Next Top Bitcoin Fund Manager! Bitcoin Magazine Pro in partnership with Samara…
The recently approved Hong Kong Bitcoin spot ETFs began trading today, but saw relatively low volume on their first day. The Hong Kong Securities and Futures Commission (SFC) approved 6 total spot Bitcoin and Ethereum ETFs last week. NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn — Bitcoin Magazine (@BitcoinMagazine) April 30,…
Today, Bitcoin mining pool ViaBTC auctioned off its “epic sat” for a sum of 33.3 BTC, equivalent to over $2.1 million. The auction, conducted on the CoinEx exchange platform, witnessed fervent bidding as collectors and enthusiasts competed for this satoshi. JUST IN: The first satoshi of #Bitcoin's fourth halving block just auctioned off for 33.3…
OpenSats, a non-profit organization that supports the development of free and open-source software and projects focusing on Bitcoin, announced today that it has received a $1,000,000 donation from the Reynolds Foundation. OPENSATS RECEIVES $1,000,000 DONATION FROM REYNOLDS FOUNDATION The Reynolds Foundation is supporting OpenSats with a generous $1M donation, noting that they "warmly invite fellow philanthropists to…
Most people who understand bitcoin know that there are two kinds of bitcoin. One is bitcoin, the asset which has a fixed supply and is quite volatile, and the second kind of Bitcoin, the network and protocol that maintains an immutable ledger that has never been hacked and is bullet proof, bomb proof and tank…
PM Images/DigitalVision via Getty Images Introduction Over the past few years, I have increasingly focused on one major issue: the looming retirement crisis. Although every time I use the word “crisis” in a title, I feel guilty of clickbait, there’s no denying that it’s an appropriate use of the word, as we’re increasingly moving to…
Stablecoin issuer Tether has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC worth around $600 million. This latest purchase was revealed through on-chain data rather than an official announcement. Tether has not publicly disclosed its Bitcoin addresses. However, transactions tracked on the blockchain show 8,888 BTC were recently sent from the crypto exchange Bitfinex to an…
Bitcoin U.S. spot ETFs saw a remarkable reversal this week, with a massive $418 million net inflow on Tuesday. This comes after the ETFs experienced 5 straight days of net outflows last week during Bitcoin’s dip below $60,000. NEW: #Bitcoin ETFs saw a $418 million net inflow yesterday following five consecutive days of outflows last…
El Salvador, the first country to make Bitcoin legal tender, and to adopt a Bitcoin investment strategy for its national treasury, has now accumulated over $400 million worth of Bitcoin. President Nayib Bukele led the effort to pass a law making Bitcoin legal tender in 2021. Since then, the country has purchased Bitcoin through daily…
zhengzaishuru Baytex Energy (NYSE:BTE) currently is projected to generate US$528 million in 2024 free cash flow at current strip prices. This is around US$138 million more than Baytex’s estimates from December 2023, as it benefits from improved oil strip prices. Baytex’s estimated value also benefits from an improvement in the assumed odds of it winning…
AsiaVision/E+ via Getty Images Suke Is An IPO To Stay Away From Suke Limited (SUKE) has filed to raise $10 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. Suke provides digital media and related shopping and ecommerce services in Malaysia. Given that the Suke Limited IPO is priced…
The Michael Saylor-led software company MicroStrategy has upsized its planned convertible senior notes offering from $500 million to $525 million. The company intends to use the proceeds to acquire more Bitcoin, as per their recent press release, following a strategy it has pursued since 2020. MicroStrategy announced it had priced the 0.875% convertible senior notes…
MicroStrategy® Incorporated (Nasdaq: MSTR) has revealed plans to raise $500 million to buy more bitcoin through a private offering of convertible senior notes due 2031. The offering, subject to market conditions, targets qualified institutional buyers under Rule 144A of the Securities Act of 1933. BREAKING: MicroStrategy to raise $500 million to buy more #Bitcoin pic.twitter.com/EU19xmKB2x…
zhengzaishuru Based on Riley Exploration Permian’s (NYSE:REPX) guidance, it may be able to generate $119 million in free cash flow in 2024 at current strip prices, while also growing production by mid-to-high single digits from 2H 2023 levels. I last looked at Riley back in September 2023, and I am upgrading it from a hold…
Pioneering bitcoin wallet company Oyl has secured a $3 million pre-seed investment from a variety of investors, including UTXO Management and Domo, the creator of the BRC-20 token standard. The investment marks a noteworthy shift in cryptocurrency investment trends, with several Ethereum NFT funds making their first foray into a bitcoin-centric business. Arca, which led…
Brave, a privacy-focused web browser with over 60 million users, has rolled out an update to its desktop version (1.63) that introduces support for Native SegWit Bitcoin wallets within its built-in Brave Wallet. Additionally, Brave Wallet now enables users to send and receive from all types of Bitcoin addresses, including Legacy, Nested SegWit, Native SegWit,…
MicroStrategy Incorporated (Nasdaq: MSTR) has announced its plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The offering is subject to market conditions and other factors, with the potential to increase by an additional $90 million. JUST IN: MicroStrategy to raise $600…
GiveCrypto, an initiative founded by Coinbase CEO Brian Armstrong “to make direct donations to people in need”, has made a significant donation of $3.6 million to Brink, a non-profit organization dedicated to funding Bitcoin developers. Brink is excited to announce a $3.6m donation to our #Bitcoin development funding efforts from GiveCrypto! Thank you to @brian_armstrong and…
Founders Fund, the venture capital firm founded by billionaire Peter Thiel, has invested $100 million in bitcoin, sources exclusively informed Reuters. The firm allocated $200 million to acquire Bitcoin and another cryptocurrency, evenly split between the two. This maneuver further highlights the return of institutional investors to Bitcoin. Founders Fund, an early institutional investor in…
MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 850 BTC at a total cost of $37.2 million, Founder & Chairman Michael Saylor announced today. “We acquired 31,755 additional bitcoins since the end of the third quarter, marking the largest quarterly bitcoin holding increase in…
DavidBGray A Quick Take On Kyverna Therapeutics Kyverna Therapeutics, Inc. (KYTX) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm is a clinical-stage biopharma developing treatments for various autoimmune diseases. When we learn management’s pricing and valuation assumptions, I’ll provide an update….
MarsBars One of the most important questions that every investor has to answer at some point is: how much do you need to retire? According to a report from the BLS, the average annual income for 65–74-year-olds in the United States was $59,872 and for 75-year-olds and older it was $43,217. Meanwhile, Macro Money Concepts…
In a move to catalyze the growth within the Bitcoin ecosystem, Ego Death Capital announces the launch of a new funding round, Fund II, aiming to raise $100 million. Founded in 2021, the venture capital firm, led by Jeff Booth, Andi Pitt, Nico Lechuga, with advisory support from Preston Pysh, Lyn Alden, and Pablo Fernandez,…
It is expected that the demand for Bitcoin will rise in ways that have never been seen in its entire history. Pixelmatic and JAN3 CEO Samson Mow has given one of the most “outrageous” predictions yet for Bitcoin. Mow, who has always bet big on Bitcoin, recently hinted that the BTC price may well be…
dontree_m Why $1 Million? In this article, our goal is to provide strategies to create a self-sufficient portfolio for retirees and income-focused investors that can generate 5% plus income, preserve the capital, and provide at least market-matching total returns. Now, why $1 million? Well, it does not matter how much money you are investing; the…
Notcoin’s viral growth is heavily reliant on its referral system. Players sharing referral links with friends not only boost their earnings but also become ambassadors for this P2E Game on Telegram. Notcoin, a Play-to-Earn (P2E) game built on the TON blockchain, has achieved unprecedented success by amassing over 4.1 million users within just one week…
monticelllo Introduction It’s time to discuss a stock I’ve never discussed on Seeking Alpha – or anywhere else. As the title already gave away, that company is the Starbucks Corporation (NASDAQ:SBUX), a company I have avoided because I am not a big fan of consumer stocks, which turned out to be a huge mistake! I…
Newly launched Bitcoin tokens platform BRC20.com has raised $1.5 million in funding led by UTXO Management, the asset management arm of Bitcoin Magazine’s parent company BTC Inc. The round included support from Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble and New Tribe Capital. The investment comes…
MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 14,620 BTC at a total cost of $615.7 million, Founder & Chairman Michael Saylor announced today. The purchase came as Bitcoin’s price has been experiencing upward momentum, reaching highs of over $42,000. The company initially entered the Bitcoin…
Alexander Shapovalov/iStock via Getty Images A Quick Take On Massimo Group Massimo Group, LLC (MAMO) has filed to raise $25 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm is a manufacturer of power sports vehicles and boats in the United States. MAMO has produced strong growth…
“I think Bitcoin is going to go into the stratosphere,” Saylor commented when asked about Bitcoin’s 56% value surge since October. During a recent interview with CNBC, Michael Saylor, the Executive Chairman and co-founder of MicroStrategy Inc (NASDAQ: MSTR), expressed his unwavering confidence in Bitcoin’s (BTC) long-term path. He highlighted certain fundamental aspects that will…
martin-dm/E+ via Getty Images A Quick Take On Fractyl Health, Inc. Fractyl Health, Inc. (GUTS) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm is developing treatments for Type 2 Diabetes and for obesity. Its lead procedural approach is already approved in…
Metagood, a blockchain technology and digital assets company, announced the successful completion of a $5 million series seed funding round aimed at advancing its Osura marketplace, focused on art within the Bitcoin ecosystem, according to a press release sent to Bitcoin Magazine. “Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations…
Blockstream, a global leader in Bitcoin infrastructure, has announced the Series 2 launch for its Bitcoin-denominated investment vehicle, the Blockstream ASIC (BASIC) Note, according to a press release sent to Bitcoin Magazine. This follows the success of Series 1, which witnessed investor demand exceeding expectations. The Series 1 phase, initiated in September 2023, saw Blockstream allocate a…
Alexander Farnsworth/iStock Editorial via Getty Images Fool me once, shame on you. Fool me twice, shame on me. Once bitten, twice shy. Caveat emptor. Whatever phrase you prefer, the world of SPAC mergers is one that many investors have waded into with disastrous results, including myself – once. Then, I swore off them. You would…
MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 16,130 BTC at a total cost of $593.3 million, Founder & Chairman Michael Saylor announced today. The purchase came as Bitcoin’s price has been experiencing upward momentum, reaching a recent yearly high of over $38,300. The…
Today, Wyoming-based Mummolin, Inc, has announced the successful completion of a $6.2 million seed funding round, led by Jack Dorsey, also featuring prominent investors such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund, among others. This funding will fuel the launch of OCEAN, a new initiative aiming to decentralize Bitcoin…
Alongside the traditional trading competition, Binance futures participants can engage in a Copy Trading Competition and a Trading Bots Competition. On Monday, September 27, Binance Futures, the leading crypto derivatives exchange globally, has unveiled the highly anticipated Binance Futures Grand Trading Tournament. Boasting the largest prize pool in the tournament’s history, participants have the chance…
courtneyk Co-authored with PendragonY For Americans reaching or beyond retirement age, their income in retirement will be structured to take advantage of using the interest and returns from the money they have saved for retirement. The idea is that by the time you near retirement, you have enough saved up so that you can coast…
Taproot Wizards, a Bitcoin Ordinals project focused on advancing Bitcoin’s capabilities, has secured $7.5 million in funding to assemble a team of top tier developers to build on Bitcoin. The investment round was led by Standard Crypto, with Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital participating in the raise as well….
Boyaa Interactive, a Hong Kong-based gaming company, revealed plans for a potential investment in cryptocurrencies, including Bitcoin, as this endeavor seeks to enhance the Group’s asset allocation strategy. Following an earlier voluntary announcement in August 2023, Boyaa’s Board views BTC and crypto acquisition as pivotal for its business expansion and asset allocation strategy. The company…
Last month, Hayes made a similar forecast, noting that Bitcoin could reach from $750,000 to $1 million towards the end of the current decade. After his visit to Rapa Nui, commonly known as Easter Island, Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, has once again predicted that Bitcoin (BTC)…
The company’s initial efforts will involve early research and investment in Bitcoin network ecological assets before unveiling the “BTC Next” fund. Linekong Interactive, a Beijing-based gaming and film production company listed on the Stock Exchange of Hong Kong (HKEX), is dedicating $15 million to invest in projects that contribute to the Bitcoin network. Wang Fang,…
Analysts explain why Bitcoin price can continue to rally with the next immediate target in sight being $40,000. The number of blockchain addresses holding at least $1,000 worth of Bitcoin (BTC), equivalent to 0.028 BTC at the current price of $35,115, has reached an all-time high of 8 million, as reported by data from Blockware…
FIOR Digital GmbH, the company behind 21bitcoin, one of Europe’s leading Bitcoin platforms, has announced that it has secured a €2.1 million financing round, with the funding being provided by Volksbank Raiffeisenbank Bayern Mitte eG, one of Germany’s most established banks, according to a press release sent to Bitcoin Magazine. “We are investing in this…