Around 16,500 Bitcoin options contracts will expire on Friday, Feb. 21, and they have a notional value of roughly $1.6 billion. This week’s expiry event is smaller than last week’s and one of the tiniest of the year, which means there will be virtually no impact on spot markets, which have been range-bound for most […]
Metaplanet has announced that its total Bitcoin holdings have reached 2,100 BTC, now worth $196 million. The firm revealed it recently bought an additional 68.59 BTC for $6.6 million at an average price of $96,335. 0.01% of Total Bitcoin Supply In a February 20 X post, the company highlighted that its BTC reserves now make […]
There were 1,573 institutions with long exposure to Bitcoin as of the end of 2024, according to findings from Bitcoin analyst and educator Sam Callahan. The researcher took a deep dive into US Securities and Exchange Commission 13F filings, which are forms that large investment firms submit quarterly to disclose their holdings of stocks and […]
The U.S. Bitcoin mining industry has generated over 31,000 jobs and contributed more than $4.1 billion in gross product annually. According to a report by The Perryman Group, most of the industry is concentrated in twelve states, with Texas being the largest contributor. Economic and Social Benefits The study shows that Bitcoin mining in Texas generates […]
“I see more and more evidence of why it will [go to $1 million], and less and less of why it won’t,” opined the chief executive of crypto asset manager Bitwise, Hunter Horsley, on Feb. 17. He posed the question on X of why BTC isn’t going to be widely adopted and hit seven figures […]
A new legislative proposal in Michigan seeks to create a Bitcoin reserve as part of the state’s financial strategy. On February 13, Representatives Bryan Posthumus and Ron Robinson put forward HB 4087, a bill designed to update the state’s Management and Budget Act by incorporating Bitcoin investments. With this, Michigan now joins 19 other states […]
Metaplanet, a Japanese Bitcoin investment firm, is set to be included in the MSCI Japan Index on February 28, a move expected to drive significant investment inflows. This development comes as the company’s stock continues to flourish in the Asian market, making it the fastest-growing equity in the country. Implications of the Milestone Simon Gerovich, […]
If state-level strategic Bitcoin reserve bills are enacted, “they could drive $23 billion in buying or 247,000 BTC,” said VanEck’s dead of digital assets research, Matthew Sigel, on Feb. 12. “This sum is independent of any pension fund allocations, likely to rise if legislators move forward,” he added before stating that the $23 billion was […]
A Bitcoin miner has successfully mined Block 883,181, securing a reward of approximately $310,000. The miner, who operated independently without the backing of a major mining company, solved the cryptographic puzzle required to validate transactions and add a new block to the Bitcoin blockchain. The Mining Method Crypto journalist Pete Rizzo first reported the rare […]
“The crypto community has largely shifted their attention to Bitcoin and other layer-1 assets like Ethereum, Solana, Toncoin, and Cardano,” reported Santiment on Feb. 11. It added that, collectively, the top L1 assets are getting 44% of discussions among specific cryptocurrencies, while top meme coins like Dogecoin, Shiba Inu, and Pepe are being discussed less […]