Bitcoin Reserves | ForkLog

ForkLog 49 30.12.2024

MicroStrategy Acquires 2,138 BTC for $209 Million

Between December 23 and 29, MicroStrategy acquired 2,138 BTC for approximately $209 million at an average price of about $97,837 per coin. The quarterly investment yield shows a 47.8% increase, while the annual yield is 74.1%. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% […]

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ForkLog 21 30.12.2024

Former Finance Minister Advocates for Cryptocurrency Reserves in Germany and Europe

ECB and Germany’s Federal Bank should consider incorporating crypto assets into their reserves, following the example of the United States. This view was expressed by former Finance Minister and chairman of the FDP, Christian Lindner. “The new [Donald] Trump administration is pursuing an extremely progressive policy regarding crypto assets such as Bitcoin. […] But Germany […]

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ForkLog 9 27.12.2024

Strive Asset Management to Launch Bitcoin-Focused Bond ETF

Strive Asset Management has filed an application to launch an ETF focusing on convertible bonds from MicroStrategy and other companies that have adopted a bitcoin strategy. The firm was founded by Vivek Ramaswamy, who will work alongside Elon Musk in DOGE under the administration of U.S. President-elect Donald Trump. The Strive Bitcoin Bond ETF will […]

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ForkLog 43 27.12.2024

Corporate Bitcoin Strategies to Drive Growth in 2025, Says Wintermute

The use of corporate capital to purchase Bitcoin as a reserve asset, following the example of MicroStrategy, is set to become a major trend in 2025, according to Wintermute trader Jake Ostrowskis, as reported by The Block. The expert suggested that small and medium-sized businesses might also begin to adopt this strategy. As of now, […]

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ForkLog 18 26.12.2024

Japan Expresses Doubts Over Bitcoin Reserve Proposal

The Japanese government has clarified its stance on the possibility of holding the leading cryptocurrency as a reserve asset, as reported by Coinspot. On December 11, Satoshi Hamada, a member of the House of Councillors from the Party to Protect the People from NHK, submitted a query to the cabinet. “I think Japan should follow […]

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ForkLog 22 24.12.2024

MicroStrategy Considers Expanding Shares for Bitcoin Acquisition Plan

MicroStrategy shareholders will be asked to approve an increase in the number of Class A common shares by 10 billion and preferred shares by 1 billion as part of its bitcoin strategy. If approved, the first parameter will rise from 330 million to 10.33 billion, and the second from 5 million to 1.005 billion. “The […]

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ForkLog 10 23.12.2024

MicroStrategy Increases Bitcoin Holdings by $560 Million

Between December 16 and 22, MicroStrategy acquired 5,262 BTC for approximately $561 million at an average price of about $106,662 per coin. MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 […]

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ForkLog 25 23.12.2024

VanEck Assesses Bitcoin Reserve’s Impact on US National Debt

The establishment of a strategic bitcoin reserve could help the United States reduce its national debt by 35% by 2050, according to an assessment by VanEck. Experts predict that digital gold will rise to $42.3 million by 2049, with an average annual growth rate of 25%. Meanwhile, federal government obligations are expected to increase to […]

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ForkLog 36 20.12.2024

El Salvador Expands Bitcoin Purchases Despite IMF Deal

The head of El Salvador’s National Bitcoin Office, Stacy Herbert, stated that the country will continue to purchase the leading cryptocurrency, potentially at an “accelerated pace.” ??EL SALVADOR SECURES $3.5 FUNDING DEAL ➡️Bitcoin remains legal tender➡️El Salvador will continue buying bitcoin (at possibly an accelerated pace) for its Strategic Bitcoin Reserve➡️Bitcoin capital markets will continue […]

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ForkLog 7 19.12.2024

MARA Expands Bitcoin Reserves to $4.45 Billion, Hut 8 Reaches $1 Billion

The mining company MARA Holdings has acquired an additional 15,574 BTC for a total of $1.53 billion at an average price of approximately $98,529 per coin. MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion […]

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ForkLog 11 19.12.2024

Fed Chair Dismisses Idea of US Bitcoin Reserve

Jerome Powell, Chairman of the Federal Reserve, indicated that the institution is not interested in establishing a national bitcoin reserve. Following the statement, the cryptocurrency’s price barely held the $100,000 level. On December 18, the Federal Reserve announced a reduction in the key interest rate by 25 basis points, bringing it to 4.25-4.5% per annum. […]

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ForkLog 5 18.12.2024

Ohio Proposes Bitcoin Reserve Legislation

On December 17, a bill titled HB 703 was introduced to the Ohio House of Representatives, aiming to establish a Bitcoin reserve. The proposal was announced by its author, Republican Derek Merrin. ?Today, I filed HB 703 to create the Ohio Bitcoin Reserve within the state treasury! Provides state treasurer authority & flexibility to invest […]

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#Bitcoin Reserves