Bitcoin treasury firm Sequans sold 970 BTC to reduce debt, says it remains committed to long-term accumulation. Summary Sequans sold 970 BTC to reduce debt, while remaining committed to accumulation The sale enabled the firm to halve its debt, reducing it to $94.5 million Some small-cap treasury firms routinely sell their BTC for cash flow…
CleanSpark is channeling proceeds from its Bitcoin mining operations directly into its new artificial intelligence (AI) division. The company used capital from over $64 million in recent sales to secure critical power and land for data centers. Summary CleanSpark sold 589 bitcoin for $64 million in October, using proceeds to acquire resources for a new…
As the crypto market stumbles, institutional investors are pulling billions from Bitcoin and Ethereum ETFs, while newly launched funds attract fresh capital. Summary Bitcoin and Ethereum ETFs are posting huge outflows as market prices crash. BTC-tracking funds saw $186.51 million in outflows on Nov. 3, entirely from BlackRock’s IBIT. Ethereum ETFs lost $135.76 million on…
Strategy has announced its first-ever euro‑denominated preferred stock offering and is issuing 3.5 million shares to fund new Bitcoin acquisitions. Summary Strategy will offer 3.5 million euro-denominated preferred shares. Proceeds will be used to acquire Bitcoin and support general corporate operations. Strategy now holds 641,205 BTC after buying 397 BTC for $45.6 million ahead of the…
Bitcoin price plunged from $110,000 to under $105K since Monday, triggering one of the biggest liquidation cascades in the crypto market in recent weeks as over $1 billion in leveraged crypto positions were wiped out. Summary Crypto market faced over $1 billion in liquidations in the past 24 hours. Long liquidations accounted for 90% of…
Bitcoin reached a record in computing power, but rising block difficulty continues to hurt miners’ profits. Summary Bitcoin mining hashrate reached a record 1.13 Zh/s in October. Geographically, this expansion was driven by Kazakhstan and the Middle East Still, mining profitability fell 7% due to increasing block difficulty Bitcoin miners found themselves under pressure from…
Bitcoin bled nearly a billion dollars alone last week, single-handedly driving a sector-wide flight of $360 million as Jerome Powell’s “not a foregone conclusion” remark cooled December rate-cut hopes. Summary Bitcoin investment funds saw $946 million in outflows last week, driving a total $360 million crypto retreat after Powell’s rate-cut caution. U.S.-listed Bitcoin ETFs led…
Strategy added 397 Bitcoin, continuing its relentless accumulation strategy despite market volatility. The company said it sold $69.5 million in various stock classes to fund the $45.6 million purchase at an average price of $114,771 per BTC. Summary Strategy acquired 397 Bitcoin between Oct. 27 and Nov. 2, bringing its total holdings to 641,205 BTC….
Lolli is using its new asset, Slice, to widen its BitcoinFi scope. The move connects a stream of passive earners to the broader Thesis ecosystem, including Mezo. Summary Lolli acquired Slice to expand its role in the BitcoinFi ecosystem. The integration connects shopping and browsing Bitcoin rewards under one platform, tied to Thesis*’ Mezo network….
Can the Bitcoin price recover its momentum after October’s reversal, or will Q4 extend its weakest run since 2022? Summary Bitcoin price has tumbled nearly 15% after hitting $126,000 in early October, breaking its winning streak and setting a weak tone for Q4. Trade tensions between the U.S. and China, a stronger dollar, and slower…
