KULR Technology Group, Inc. launches Bitcoin treasury, buys $21M BTC

KULR Technology Group, Inc. , a company known for its advancements in energy management platforms, has embarked on a bold new financial strategy by announcing the inclusion of Bitcoin (“BTC”) as a primary asset in its treasury program.

418 +

Fed’s Jerome Powell: ‘We’re not allowed to own Bitcoin’ - No more BTC reserve? 

Powell stated that the law doesn’t allow the Fed to own BTC.  The community clarified that the US BTC reserve will be under the Treasury Secretary, not the Fed.   Fed chair Jerome PowelThe post Fed’s Jerome Powell: ‘We’re not allowed to own Bitcoin’ - No more BTC reserve?  appeared first on AMBCrypto.

380 +

Senator Lummis Holds Talks With Treasury Secretary Bessent On Bitcoin Reserve Strategy

In a significant step toward establishing a US strategic Bitcoin reserve, Senator Cynthia Lummis recently met with incoming Treasury Secretary Scott Bessent, according to a recent social media post on X (formerly Twitter) in which Lummis expressed optimism about Bessent’s potential support for digital assets, particularly BTC.

338 +

Crypto travel platform Travala introduces Bitcoin reserve plan 

Travala, a cryptocurrency-based travel booking platform, has announced a new “Treasury Reserve Plan” after surpassing $100 million in annual gross revenue.  The plan will see the company hold reserves in Bitcoin (BTC) and its native AVA token to strengthen its…

387 +

Microsoft shareholders oppose Bitcoin treasury allocation in preliminary vote

Microsoft shareholders voted against the proposal to add Bitcoin (BTC) to its treasury in a preliminary vote conducted during the firm’s annual meeting. The proposal, introduced by the think tank and shareholder National Center for Public Policy Research (NCPPR), involved Microsoft considering allocating 1% of its treasury to BTC, which is roughly $800 million per […] The post Microsoft shareholders oppose Bitcoin treasury allocation in preliminary vote appeared first on CryptoSlate.

272 +

Former US Treasury Secretary Knocks Trump’s Bitcoin Reserve Plan

217 +

U.S. Bitcoin strategy picks up pace - BTC declared 'digital gold'

U. S. Treasury recognizes Bitcoin as “digital gold,” emphasizing its role as a store of value. Trump’s nomination of Scott Bessent signaled strong Bitcoin advocacy and potential strategic The post U.

422 +

Amazon Shareholders Push for Minimum 5% Bitcoin Allocation

The proposal submitted by the National Center for Public Policy Research calls for the company to add BTC to its treasury to beat inflation

163 +

Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […] The post Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea appeared first on CryptoSlate.

278 +

Nasdaq-listed Worksport adopts BTC, XRP for treasury strategy

Worksport's crypto adoption may enhance financial agility and shareholder value, reflecting a broader trend of digital asset integration in corporate treasuries. The post Nasdaq-listed Worksport adopts BTC, XRP for treasury strategy appeared first on Crypto Briefing.

242 +

Marathon Digital’s Bitcoin Treasury Expands To 34,794 BTC After Latest $615 Million Buy

363 +

Public fitness equipment maker Interactive Strength shares rise 11% on Bitcoin treasury strategy

Texas-based fitness maker Interactive Strength plans to allocate $5 million in Bitcoin as part of its treasury strategy. Interactive Strength, a maker of specialty fitness equipment, said Thursday its board has approved allocating up to $5 million in Bitcoin (BTC),…

244 +

Hoth Therapeutics to buy up to $1 million worth of Bitcoin

Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset. The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet.

319 +

Bitcoin Permabull Michael Saylor Pitches ‘Next Trillion Dollars’ Opportunity For Microsoft As MicroStrategy’s BTC Bet Pays Off Handsomely

380 +

Michael Saylor urges corporations to adopt Bitcoin for treasury strategy, predicts $13 million price within 21 years

MicroStrategy executive chairman Michael Saylor believes major corporations should consider adopting Bitcoin (BTC) as a key component of their treasury management strategy. In a recent interview on the Markets with Madison podcast, Saylor argued that by investing in Bitcoin instead of stock buybacks, companies could significantly boost their market capitalization and protect their reserves from […] The post Michael Saylor urges corporations to adopt Bitcoin for treasury strategy, predicts $13 million price within 21 years appeared first on CryptoSlate.

473 +

‘Asia’s Microstrategy’ Metaplanet Adds Another $7 Million To Its Bitcoin Treasury, Taking Holdings To Over $40 Million

226 +

Bitcoin miner CleanSpark grew its hashrate by 187% over the past year

CleanSpark has released its unaudited Bitcoin mining update, which shows the company saw its hashrate jump 187% in the fiscal year ending September 2024. The publicly-traded Bitcoin (BTC) miner announced this on Oct.

422 +

MicroStrategy Buys Additional $489 Billion Worth of Bitcoin

MicroStrategy purchased an additional $489 million of Bitcoin, swelling its corporate Bitcoin treasury to over 252,000 BTC worth nearly $10 billion. The company's Bitcoin strategy aims to boost returns and hedge against inflation.

227 +

MicroStrategy adds 7,420 BTC to its stash, reveals $1 billion in cash for another buying round

MicroStrategy's aggressive Bitcoin acquisitions could significantly influence market dynamics and corporate treasury strategies globally. The post MicroStrategy adds 7,420 BTC to its stash, reveals $1 billion in cash for another buying round appeared first on Crypto Briefing.

233 +

Treasury Secretary Janet Yellen Bets on US Economy Recovery, Will Bitcoin (BTC) Follow?

Janet Yellen believes in recovery of economy, but it does not mean Bitcoin will follow

267 +

Nasdaq-Listed Semler Scientific Adds $5 Million To Bitcoin Treasury, Now Holds 1,012 BTC

481 +

Semler Scientific Buys Additional $5 Million Worth of Bitcoin

Medical device maker Semler Scientific purchased an additional 83 Bitcoin for $5 Million, boosting its total Bitcoin treasury to 1,012 BTC acquired for $68M. Semler is pursuing a strategy of buying Bitcoin with cash reserves.

434 +

Metaplanet shares up by +10% after latest Bitcoin purchases, loan

Metaplanet's BTC purchases have gone down well in the market More firms might soon adopt BTC as part of their treasury reserves Metaplanet, a Japanese firm known for its aggressive BitThe post Metaplanet shares up by +10% after latest Bitcoin purchases, loan appeared first on AMBCrypto.

356 +

Marathon Digital Holdings Buys $249 Million Worth of Bitcoin

Marathon Digital purchased $249 million of Bitcoin, expanding its corporate treasury to over 25,000 BTC. The Nasdaq-listed mining firm continues aggressively accumulating Bitcoin.

287 +

Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023

US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to last year.

416 +

Bitcoin Scenario: National Treasury Reserve Push Sparks $1 Million Projections

Recently, there has been a lot of talk about Bitcoin (BTC). One well-known crypto expert, Andrew Kang, even said that Bitcoin might become a national asset. The cryptocurrency community is buzzing about this interesting idea, with people talking about how it might affect the whole world and setting crazy price goals for the crypto. Related […]

388 +

Metaplanet bolsters Bitcoin reserves with another purchase of 21.8 BTC

Japanese public company Metaplanet keeps buying Bitcoin for its “strategic treasury reserve asset.” Japanese investment firm Metaplanet Inc., based in Tokyo, has spent an additional $1.26 million to buy more Bitcoin (BTC), increasing its holdings beyond 200 BTC as the…

380 +

Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Ingredients: U.S.

Criminal organizations in Mexico have been using several popular digital assets to buy the materials needed to make the drug fentanyl, according to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), which cited the use of bitcoin and other tokens in a Thursday advisory.

368 +

MicroStrategy plans $500M stock sale to buy more Bitcoin

MicroStrategy plans a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset.

191 +

Semler Scientific acquires 247 additional Bitcoin, total holdings reach 828 BTC

Quick Take On May 28, Semler Scientific unveiled its Bitcoin treasury strategy, following the path of companies like MicroStrategy and Metaplanet. This announcement has had a positive impact on Semler’s stock, which has surged by 10%, contrasting with MicroStrategy’s slight decline of over 2% and Bitcoin’s modest 2% rise since May 27.

437 +

Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more

This week’s Crypto Biz explores Solana’s comeback, BlackRock funds’ growing exposure to Bitcoin, Riot Platforms’ bid for Bitfarms, Semler Scientific using BTC as a treasury reserve, and more.

867 +

MicroStrategy 2.0? This Publicly Traded Medtech Sees Stock Price Skyrocket After Making Bitcoin A Treasury Asset

Following in the footsteps of Michael Saylor’s MicroStrategy, yet another publicly listed company has decided to make Bitcoin (BTC) its savings vehicle of choice after adopting the foremost crypto as its “primary treasury reserve asset.” 

310 +

Bitcoin Chosen As Treasury Reserve Asset By This Healthcare Firm Following $40M Purchase

In a bold move that has sent its stock price soaring, medical device company Semler Scientific Inc. has announced that it has allocated a significant portion of its cash reserves to Bitcoin (BTC).  According to Bloomberg, the San Jose, California-based firm purchased 581 Bitcoin for a total of $40 million, including fees and expenses. Semler […]

412 +

Healthcare Company Semler Scientific Buys $40 Million Bitcoin, Adopts As Treasury Reserve Asset

Another publicly traded company adopts BTC as its primary treasury reserve asset.

313 +

El Salvador’s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition

El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg.   This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.

370 +

El Salvador launches website to monitor the Bitcoin holdings in its treasury

El Salvador has made headlines once again in the cryptocurrency world with the launch of a Bitcoin treasury monitoring website. Since adopting Bitcoin (BTC) as a legal tender in 2021, El Salvador continues to pioneer initiatives aimed at embracing and leveraging the potential of digital assets for economic growth and financial inclusion. The Central American […]

264 +

WATCH: MicroStrategy Hosts Bitcoin For Corporations Conference

MicroStrategy hosts its Bitcoin for Corporations conference today, featuring leaders discussing how firms can adopt BTC as a treasury asset like MicroStrategy's pioneering strategy.

253 +

Tether Treasury Mints $10 Billion USDT In 1.5 Months – Here’s What This Means For Bitcoin and Crypto Enthusiasts Amid Upcoming BTC Halving

Amidst the ongoing crypto market volatility and the looming Bitcoin halving event, Tether Treasury has made a significant move by minting $10 billion worth of USDT stablecoins since March 1st, according to data from the on-chain analytics platform Lookonchain.

394 +

The Next MicroStrategy? Japanese Public Company Is Buying Bitcoin

Japanese public company Metaplanet is purchasing $6.5 million in Bitcoin for its corporate treasury, mimicking MicroStrategy's BTC accumulation strategy.

265 +

Bitfarms mines less BTC in March despite expanding its mining Fleet

Bitfarms mined 286 BTC in March, down from 300 in February. Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency. Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC. Bitfarms Ltd.

279 +

Tether Adds 8,888 BTC Worth $600 Million to Bitcoin Treasury, On-Chain Data Shows

Stablecoin issuer Tether has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC worth around $600 million.

656 +

First Mover Americas: Tokenized Treasury Notes Surpass $1B

The latest price moves in bitcoin (BTC) and crypto markets in context for March 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

276 +

MicroStrategy Increases Bitcoin Bet With $822M Purchase, Adds 12,000 BTC To Treasury

As Bitcoin (BTC) continues its unprecedented uptrend, surging to a new all-time high (ATH) of $72,300, software company MicroStrategy remains steadfast in its vision. It is reaping substantial rewards from its strategic investment in the largest cryptocurrency in the market.

347 +

Reddit Joins Crypto Club, New IPO Filing Reveals Treasury Exposure To Bitcoin, Ether, and MATIC

Social media platform Reddit has made headlines with its decision to invest part of its excess cash in Bitcoin (BTC) and Ethereum (ETH), as revealed in a Feb. 22 S-1 filing with the Securities and Exchange Commission (SEC).

580 +

Tether Mints 1 Billion USDT as Bitcoin (BTC) Price Stalls

Tether Treasury's minting of 1 billion USDT coincides with Bitcoin's price struggle at the $53,000 resistance level

312 +

Bitcoin's Latest Rally Is Different as BTC Rises Alongside U.S. Dollar and Treasury Yields

Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.

240 +

Bitcoin Favored in Human Trafficking, Child Exploitation: FinCEN Report

A few years ago, bitcoin {{BTC}} became a popular means to conduct illegal transactions to support a booming global business in the smuggling and exploitation of people, according to an analysis released Tuesday by the U.S. Department of the Treasury.

338 +

CryptoSlate Wrapped Daily: Grayscale taking SEC to court over spot BTC ETF, CoinCenter sues US Treasury for Tornado Cash ban

The biggest news in the cryptosphere for October 12 includes Grayscale’s lawsuit against the SEC for not approving a United States spot Bitcoin ETF, CoinCenter’s lawsuit against the United States Treasury for overstepping its legal authority by banning Tornado Cash, and Arbitrium’s parent company Offchain Labs’ acquisition of leading Ethereum client Prysmatic Labs.

473 +

Calls mount for Louisiana state to buy Bitcoin following BlackRock divestment

Bitcoin advocates have called for the Louisiana State Treasury to buy BTC after its announcement to divest roughly $794 million held with BlackRock. The post Calls mount for Louisiana state to buy Bitcoin following BlackRock divestment appeared first on CryptoSlate.

301 +