Bitcoin Purchase | ForkLog

ForkLog 24 28.05.2025

Trump Media to raise $2.5bn to buy bitcoin

Trump Media & Technology Group will raise $2.5bn via an issuance of common stock and convertible notes to acquire digital gold. The execution of the bitcoin strategy resembles a pyramid propped up by a premium of the securities over the value of the coins. An analyst drew parallels between MSTR and Grayscale’s GBTC. Trump Media […]

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ForkLog 45 28.05.2025

IMF Urges El Salvador to Halt Bitcoin Purchases

The International Monetary Fund (IMF) will strive to ensure “guarantees” that El Salvador’s government bitcoin reserves remain unchanged. The organization announced that staff-level agreements have been reached for extended state financing. The IMF’s stance contradicts the efforts of the country’s president, Nayib Bukele, to increase the number of coins held. In 2024, the parties reached […]

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ForkLog 13 26.05.2025

Hong Kong’s DDC Enterprise to Acquire 5,000 BTC Over Three Years

DDC Enterprise, listed on the AMEX, has embarked on a plan to acquire 5,000 BTC over the next three years, including 500 BTC by the end of 2025. The initial purchase amounted to 21 BTC ($2.21 million). The payment was made with 254,333 common shares. In the “coming days,” the organization intends to increase its […]

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ForkLog 40 21.05.2025

Strive Asset Management Eyes Acquisition of 75,000 BTC Claims from Mt. Gox

Strive Asset Management, associated with Vivek Ramaswamy, plans to acquire at a discount claims to 75,000 BTC from the bankrupt exchange Mt. Gox to establish a bitcoin reserve. Castell Advisory Group LLC is acting as an advisor in the potential deal. The firm anticipates the commencement of claim distribution for the platform’s assets in the […]

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ForkLog 19 21.05.2025

Standard Chartered Reaffirms $500,000 Bitcoin Target Amid Sovereign Fund Interest

In the first quarter, government entities increased their holdings in Strategy shares as a derivative of digital gold. Standard Chartered reached this conclusion based on reports to the SEC, writes The Block. This trend has reinforced the bank’s experts’ expectations of the first cryptocurrency reaching a target of $500,000 by 2028. “As more investors gain […]

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ForkLog 5 20.05.2025

JPMorgan to Enable Bitcoin Purchases for Clients

The financial conglomerate JPMorgan will soon allow clients to purchase the leading cryptocurrency, though it will not act as its custodian. This was stated by the bank’s CEO, Jamie Dimon, according to CoinDesk. The Bitcoin skeptic has not changed his stance. The top executive emphasized that he remains not a “fan” of digital gold, as […]

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ForkLog 8 19.05.2025

Strategy Faces Allegations of Concealing Bitcoin Risks

On May 19, the company Strategy was hit with a class-action lawsuit. The firm’s leadership is accused of making “false or misleading statements” about the profitability of its bitcoin strategy and concealing the asset’s volatility risks. The allegations involve Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang. The plaintiffs cite violations of securities […]

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ForkLog 14 16.05.2025

JPMorgan Predicts Bitcoin to Surpass Gold by Year-End

In the latter half of the year, the leading cryptocurrency is expected to continue its price ascent, outpacing gold, driven by corporate acquisitions and growing support from American states. These conclusions were drawn by JPMorgan, as reported by The Block. Experts referred to the implementation of the debasement trade strategy, which became relevant for both […]

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ForkLog 4 15.05.2025

Investor Takes Short Position on Strategy Shares and Long on Bitcoin

Jim Chanos, an investor specializing in short positions and founder of Kynikos Associates, revealed in an interview with CNBC that he has purchased bitcoin and opened short positions on Strategy shares. “We are essentially buying something for $1 and selling it for $2.5. […] It’s a good barometer not only of the arbitrage itself but […]

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ForkLog 38 14.05.2025

Tether Acquires $459 Million in Bitcoin for Twenty One Capital

Tether has acquired 4812.2 BTC valued at $458.7 million for Twenty One Capital, which is anticipating a SPAC merger with Cantor Equity Partners, according to a report filed with the SEC. The average purchase price was $95,319.83 per coin. The assets are held in escrow and will be sold at the acquisition cost of the […]

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ForkLog 15 11.05.2025

Bitcoin Turns Deflationary Due to Strategy’s Acquisitions

The pace at which Michael Saylor’s firm, Strategy, is acquiring Bitcoin surpasses the rate at which miners produce new coins. This observation was made by CryptoQuant CEO Ki Young Ju. #Bitcoin is deflationary.@Strategy is buying BTC faster than it’s mined. Their 555K BTC is illiquid with no plans to sell. MSTR’s holdings alone mean a […]

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ForkLog 5 06.05.2025

Bernstein Forecasts Corporate Bitcoin Holdings to Reach $330 Billion

By 2029, corporations are expected to increase their holdings of digital gold to $330 billion, according to calculations by Bernstein, reports Decrypt. The lion’s share of purchases will be made by Strategy, while smaller players will attempt to emulate its business model. Strategy began acquiring the first cryptocurrency in 2020. Currently, its bitcoin position has […]

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