Source: CNBC Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, echoing a move made famous by MicroStrategy. The meme stock jumped 16% Wednesday following the news. The announcement confirmed CNBC’s reporting in February of GameStop’s intention to add bitcoin and other cryptocurrencies to… Continue reading GameStop Shares Soar 16% After Retailer Says it Will Invest Corporate Cash in Bitcoin Like MicroStrategy
Tag: Bitcoin
BlackRock Launches It’s European Bitcoin ETP Following U.S. ETF Success
Source: Cryptonews The move comes on the heels of the firm’s highly successful U.S.-listed iShares Bitcoin Trust, which has grown to $48 billion since its record-breaking debut in January 2024. BlackRock, the world’s largest asset manager, has launched a Bitcoin exchange-traded product (ETP) in Europe, expanding its crypto investment offerings beyond the U.S. market. The… Continue reading BlackRock Launches It’s European Bitcoin ETP Following U.S. ETF Success
Trump Says He Ended Biden’s War on Bitcoin and Crypto, Pledges to Make the US Crypto Capital
Source: Crypto Briefing Trump vows to lead the US to crypto dominance and criticizes past regulatory approaches to digital assets. Key Takeaways Donald Trump claimed to have ended Joe Biden’s war on Bitcoin and promised to make the US a crypto capital. Trump signed executive orders to maintain US leadership in artificial intelligence and crypto… Continue reading Trump Says He Ended Biden’s War on Bitcoin and Crypto, Pledges to Make the US Crypto Capital
South Korea to Allow Institutions to Sell Crypto Donations in 2025
Source: Cointelegraph The country’s securities regulator will also allow 3,500 corporations and professional investors to open “real-name” accounts on cryptocurrency exchanges as part of a pilot program. South Korea’s Financial Services Commission (SFC) is set to allow institutions to begin selling their digital asset donations and instruct banks to offer more services to cryptocurrency firms.… Continue reading South Korea to Allow Institutions to Sell Crypto Donations in 2025
Czech Republic Central Bank Explores Bitcoin as Reserve Asset
Source: Cryptonews Czech National Bank Governor Aleš Michl discusses Bitcoin as a reserve asset to diversify holdings, though no immediate plans are set. Gold remains a priority in the bank’s reserve strategy. Aleš Michl, Governor of the Czech National Bank (CNB), discussed on Monday the possibility of including Bitcoin in the country’s foreign exchange reserves… Continue reading Czech Republic Central Bank Explores Bitcoin as Reserve Asset
Trump-linked Strive Files for ‘Bitcoin Bond’ ETF
Source: Cointelegraph The fund aims to offer exposure to MicroStrategy’s convertible bonds, among others. Strive, an asset manager founded by Vivek Ramaswamy, asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers, according to a Dec. 26 filing. The ETF seeks… Continue reading Trump-linked Strive Files for ‘Bitcoin Bond’ ETF
U.S. Treasury Names Bitcoin ‘Digital Gold’ After Price Explosion
Source: Forbes Bitcoin has seen its price climb back over $100,000 this week after bouncing wildly around the closely-watched level, with the chief executive of Wall Street’s biggest market maker admitting he’s got “FOMO.” The bitcoin price has more than doubled this year as a perfect storm hits the crypto market—with traders now braced for… Continue reading U.S. Treasury Names Bitcoin ‘Digital Gold’ After Price Explosion
Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
Source: Cointelegraph New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience. A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets. The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks… Continue reading Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
Bitcoin ETFs Attract Record $3.13 Billion in Weekly Inflows Amid $100K Price Surge Hopes
Source: CoinMarketCap Bitcoin investment products experienced a surge in net inflows, reaching $3.12 billion between Nov. 18 and 22, according to CoinShares. Bitcoin investment products experienced a surge in net inflows, reaching $3.12 billion between Nov. 18 and 22, according to CoinShares. This marks a 102% increase compared to the $1.67 billion from the prior… Continue reading Bitcoin ETFs Attract Record $3.13 Billion in Weekly Inflows Amid $100K Price Surge Hopes
MicroStrategy expands Bitcoin holdings with $5.4B purchase
Source: Cointelegraph MicroStrategy acquired 55,000 Bitcoin for $5.4 billion, boosting its holdings to 386,700 BTC amid bullish institutional sentiment. MicroStrategy, a publicly traded business intelligence and software firm, reported a substantial expansion of its Bitcoin holdings in a filing on Nov. 25. The company acquired about 55,000 Bitcoin (BTC) for $5.4 billion between Nov. 18… Continue reading MicroStrategy expands Bitcoin holdings with $5.4B purchase
