Hold onto your hats, Bitcoin maximalists: Metaplanet, a Japanese hotel group, just dropped another $58.5 million on BTC, pushing its total holdings to over 4,000. The Tokyo-based company (3350) added 696 bitcoin to its reserves, bringing its total to 4,046 BTC and solidifying its position as the ninth-largest public holder of the cryptocurrency. Metaplanet disclosed … Read more
Bitcoin miner Hut 8 is reportedly considering a strategic pivot that could catapult it into the big leagues of data center hosting, potentially by acquiring a hyperscaler. A Clear Street report suggests this move could follow the spin-off of American Bitcoin Corp., its new venture with the Trump family. While American Bitcoin Corp., a partnership … Read more
Bitcoin mining stocks took a serious tumble in March, with the collective market capitalization of 14 U.S.-listed companies plunging 25%, according to JPMorgan. The Wall Street bank’s report, released Tuesday, called it the third-worst month on record for these miners, noting that only Stronghold Digital Mining (SDIG) managed to outperform bitcoin itself last month. Bitfarms … Read more
MicroStrategy’s stock, which once moonshot over 2,500% thanks to its aggressive Bitcoin accumulation, is now facing a stark reality check. Wall Street analyst Gus Gala from Monness Crespi slapped a “Sell” rating on the company (MSTR) just two weeks after a neutral initiation, suggesting the Bitcoin buying spree might be its undoing. Gala argues MicroStrategy’s … Read more
Marathon Digital, already a titan in Bitcoin mining, is doubling down on its crypto strategy, launching a $2 billion stock sale to bulk up its Bitcoin holdings. This aggressive move aims to solidify its position as a leading digital asset player, following a previous $1.4 billion raise for similar purposes. The company’s latest financial maneuver … Read more
Forget those grand predictions for Bitcoin’s next moonshot; Matrixport analysts are hitting the brakes, suggesting the crypto king is stuck in neutral. Their latest report throws cold water on the idea that global liquidity is the magic fuel for Bitcoin pumps, arguing that this widely-watched metric might be more ‘shaky ground’ than solid signal. Despite … Read more
Arizona’s ambition to become a hub for digital currency took a leap forward on March 24th as two pioneering bills cleared the state’s House Rules Committee, setting the stage for a full House vote. These companion legislations aim to establish Arizona as a leader in the digital asset space, but they still face a skeptical … Read more
After a shaky start to March, Bitcoin ETFs just hit a ten-day hot streak, pulling in a total of $1.06 billion as of March 28, 2025. This inflow surge, starting around March 14, signals a significant turnaround from earlier in the month when these same ETFs bled $409 million in a single day (March 6). … Read more