Tagged: btc

April 26, 2025 @ 4:33 pm By Omar Faridi  |  

The Bitcoin mining ecosystem continues to evolve rapidly, driven by technological advancements, market dynamics, and strategic shifts among major players. Insights from CoinShares’ Q4 2024 Mining Report and Compass Mining’s March 2025 Bitcoin Mining Industry Report highlight key trends, including rising hashrates, sustainable energy adoption,… Read More

April 23, 2025 @ 5:52 am By Omar Faridi  |  

In its first-quarter earnings report released on April 22, 2025, Tesla (NASDAQ:TSLA) confirmed that it held steady with its Bitcoin reserves, maintaining a total of 11,509 Bitcoin throughout the period. The electric vehicle giant did not sell any of its cryptocurrency holdings, however, Tesla‘s holding… Read More

April 21, 2025 @ 12:12 pm By Omar Faridi  |  

Tokyo-based Metaplanet has acquired an additional 330 Bitcoin (BTC), valued at $28.2 million, marking its third purchase this month. The acquisition, executed at an average price of 12.18 million Japanese yen ($85,605 per BTC), comes amid market volatility spurred by U.S. tariff measures. *Metaplanet Purchases… Read More

April 15, 2025 @ 8:17 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital assets industry, announced its intention to deploy both existing and future hashrate on OCEAN, a Bitcoin mining pool focused on decentralization and launched by long-time Bitcoin Core developer Luke Dashjr. This strategic move strengthens… Read More

April 11, 2025 @ 2:40 pm By Tony Zerucha  |  

Ruslan Lienkha, YouHodler’s chief of markets, answered some questions about Bitcoin this week. Could BTC’s recent movement signal a shift in how institutional investors treat Bitcoin (as a risk asset, hedge, or both)? “Bitcoin is often viewed as a hedge or “digital gold” primarily by… Read More

April 10, 2025 @ 8:04 am By Omar Faridi  |  

Bitcoin (BTC) and Ethereum (ETH) have solidified their positions as robust, decentralized networks with potential for growth and adoption across web3 and DeFi. Recent milestones—Ethereum’s evolving ownership landscape and Bitcoin’s record-breaking hashrate (basically the amount of computing power securing the BTC network)—underscore their resilience and… Read More

March 26, 2025 @ 9:32 am By Omar Faridi  |  

With almost one year elapsed since Bitcoin’s 4th halving, miners have endured a period of stabilization, adapting to “reduced block rewards, tighter margins, and shifting operational dynamics.” This, according to a research report that focuses on Bitcoin’s evolving narrative from peer to peer cash, as… Read More

March 24, 2025 @ 10:47 am By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition by Whinstone US, Inc., or an affiliate, a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC… Read More

March 18, 2025 @ 1:22 pm By Omar Faridi  |  

Bitcoin (BTC) has undergone a sharp price correction, tumbling from a peak of nearly $110,000 in late 2024 to approximately $84,000 as of March 18, 2025. But for more perspective, BTC had actually dropped to around $16,000 in the last cycle after peaking at about… Read More

March 10, 2025 @ 10:12 pm By Omar Faridi  |  

Fold Holdings, Inc. (NASDAQ: FLD), the publicly traded bitcoin financial services company, announced the addition of 475 bitcoin to its treasury. The addition marks a nearly 50% increase in Fold’s bitcoin holdings, which now stands “at over 1,485 BTC.” Fold acquired the additional bitcoin in… Read More

March 5, 2025 @ 8:43 am By Omar Faridi  |  

U.S.-based spot Bitcoin exchange-traded funds (ETFs) finally snapped an eight-day streak of net outflows on Friday (February 28, 2025), recording a modest $94 million in net inflows. The slight turnaround was primarily driven by Ark and 21Shares’ ARKB fund, which pulled in $194 million, and… Read More

March 3, 2025 @ 8:57 pm By Omar Faridi  |  

The Bitcoin (BTC) mining industry in 2024 has navigated an increasingly complex landscape of opportunities and obstacles, as indicated in recent financial reports from key players like MARA Holdings, Riot Platforms, CleanSpark, and IREN, alongside operational updates from Compass Mining. With Bitcoin prices hovering near… Read More

February 19, 2025 @ 10:45 pm By Omar Faridi  |  

Function (formerly Ignition) announced that Galaxy Digital has joined as a core contributor to ƒBTC (FBTC) and will participate as “an investor in Function’s seed funding round.” This partnership enhances Function’s foundation alongside existing contributors Mantle and Antalpha Prime, solidifying its “position as a standard… Read More

February 10, 2025 @ 3:17 pm By Omar Faridi  |  

Galoy, a provider of Bitcoin-native banking infrastructure, has introduced Lana, a lending platform designed to facilitate digital asset-backed lending for banks of all sizes. Lana specifically caters to the growing demand for bitcoin-backed loans, particularly among challenger and community banks. As stated in the announcement,… Read More

February 10, 2025 @ 8:39 am By Omar Faridi  |  

Fold, a Bitcoin rewards card provider, announced an expansion of its collaboration with Visa (NYSE: V) to bring innovative Bitcoin rewards card programs to the market. This expanded agreement encompasses Fold’s flagship debit card program and upcoming credit card products, leveraging Visa’s shared services and incentives to… Read More

January 19, 2025 @ 10:15 am By Omar Faridi  |  

Italy’s largest bank has embraced Bitcoin, which may be considered a key milestone in financial evolution. In a significant development for crypto adoption, Intesa Sanpaolo, Italy’s largest banking group, has recently acquired 11 BTC worth €1 million, marking the first instance of an Italian bank… Read More

January 8, 2025 @ 7:58 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin (BTC) mining, announces unaudited production and operations updates for December 2024. Jason Les, CEO of Riot said: “Riot mined 516 bitcoin in December, a 4% increase over the previous month, as we… Read More

January 7, 2025 @ 5:05 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, started the first full week of 2025 with strong positive momentum, pushing through the key $100,000 mark on Monday and notching up a positive start to the new year. Ethereum (ETH), XRP, and other major crypto-assets have also delivered a… Read More

January 6, 2025 @ 8:27 am By Omar Faridi  |  

MARA Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation,  recently released unaudited BTC production and miner installation updates for December 2024. Fred Thiel, MARA‘s chairman and CEO said: “In December, we surpassed our year-end hash… Read More

January 4, 2025 @ 7:42 am By Omar Faridi  |  

Imrich (Imo) Bábics, Chief Growth Officer at Relai, noted last week the company added 13 BTC to their balance sheet, bringing the total Bitcoin holdings in our corporate treasury to 30 BTC. Bábics has shared why they are doing this. He claims that it is… Read More