Spot Bitcoin Funds Surpass 1 Million BTC, as BlackRock’s Bitcoin ETF Sets New Records, Outpacing Traditional Funds

BlackRock’s IBIT ETF has now exceeded US$30 billion in value, making up 42% of all BTC held by US Bitcoin ETFs. Recent data shows massive inflows, with IBIT leading global ETF cash receipts last week. Bloomberg’s Eric Balchunas notes IBIT’s significant inflows amidst US ETFs nearing a yearly flow record. Despite ETF success, Bitcoin’s price […]

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Bitcoin Nears $74k Mark, Analysts Predict New All-Time High Amid ‘Rising Bullish Momentum’

Bitcoin flirts with a new all-time high, repeatedly surpassing US$73K, with its sights set on the US$74K mark. Market Analyst Josh Gilbert suggests the absence of peak retail interest could drive Bitcoin’s price higher. Analysts speculate that anticipation of a Donald Trump election victory is influencing Bitcoin’s current upswing. Anthony Scaramucci of SkyBridge Capital views […]

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MicroStrategy Vows to Secure $42 Billion for Bitcoin Investments, Despite Loss on Impairment

MicroStrategy has announced a bold plan, the “21/21 plan,” to raise US$42 billion over the next three years to expand its Bitcoin holdings, with US$21 billion from equity and US$21 billion from fixed-income securities. If successful, the raised capital would allow MicroStrategy to acquire around 578,586 BTC, equivalent to approximately 2.7% of Bitcoin’s total supply. […]

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