Bitcoin is slowly recovering from its earlier dip, despite a massive sell-off that threatened to push losses deeper. Summary Galaxy Digital recently offloaded thousands of BTC for billions. Bitcoin briefly dropped to $114,700 before recovering to $116,000. Strong liquidity absorbed most of the dump, limiting price risk. Over the past 24 hours, Galaxy Digital has…
UK-listed The Smarter Web Company just bought 225 BTC boosting its holdings and bringing it closer to the 2,000 BTC threshold. How much Bitcoin does the company hold now? Summary The Smarter Web Company bought 225 BTC, increasing its holdings to 1,825 BTC. More companies have been accumulating BTC into their treasury strategies. On July…
A growing number of European firms are joining the Bitcoin treasury wave, and this time, it’s the Sweden-based digital commerce firm Refine Group stepping in. Summary Refine Group has raised fresh capital to expand its Bitcoin treasury. The growing trend of corporate adoption raises questions around market timing, regulatory hurdles, and execution risks. Per a…
Strategy has raised $2 billion through a preferred stock offering underwritten by Morgan Stanley, Barclays, and other major banks, quadrupling its initial target to expand its Bitcoin holdings. The offering, priced at $90 per share with a 9% dividend, reflects strong institutional demand and marks one of the largest crypto-focused capital raises by a publicly…
Arkham Intelligence has clarified that the U.S. government still holds approximately 198K BTC, disproving rumors that it had sold off 85% of its reserves. Summary Arkham Intelligence reports the U.S. government currently holds about 198K BTC, valued at $23.5B, dispelling rumors of an 85% Bitcoin sell-off. The rumor originated from a FOIA request revealing only…
Exchange-traded funds (ETFs) tracking Bitcoin have slipped again, continuing their losing streak as investor sentiment cools. Summary U.S.-listed Bitcoin ETFs have deepened their losses with another round of outflows. Bitcoin is hovering just below $118K, but analysts say momentum could return. Ethereum ETFs are still thriving, even as the asset’s price cools. U.S.-listed spot Bitcoin…
Altseason calls are gaining ground, and the numbers are starting to back them. New market data shows Ethereum is taking the market lead, flipping Bitcoin across several key metrics and pulling altcoins with it. Summary Ethereum just overtook Bitcoin in spot volume for the first time in over a year. Bitcoin dominance dropped nearly 3%…
Bitcoin’s latest rally has defied past cycle patterns, and one key indicator may explain why investors aren’t selling, even near all-time highs. Summary Bitcoin is holding above $117K despite a recent pullback after all-time high. CryptoQuant’s Flow Pulse shows low selling pressure, unlike 2017 and 2021. Short-term caution remains, but the long-term trend is still…
Cango Inc., a publicly traded company listed on the New York Stock Exchange, has completed its transformation into a Bitcoin miner. Summary Cango Inc., founded in 2010 in China, is listed on the NYSE. The company previously operated an automotive business, but announced a pivot to Bitcoin mining in November 2024. Cango holds over 4,000…
MARA Holdings’ capital mechanism converts institutional debt into digital gold. By structuring zero-coupon convertible notes with a seven-year runway, the miner creates a self-reinforcing system where Wall Street liquidity directly translates into growth of its Bitcoin treasury. Summary MARA unveils an $850 million zero-coupon convertible note offering to accelerate its Bitcoin accumulation strategy. The 2032-dated…
