Bitcoin’s mining network is facing a sharp hashrate drop and reduced profitability. However, institutions are ramping up BTC purchases amid geopolitical tensions and market swings.
Japanese treasury company Metaplanet has once again hit the headlines after buying another 1,111 BTC. This bold move brings its total holdings to 11,111 BTC, which is closer to Tesla’s vault of 11,509 BTC. With tensions slowing down in the Middle East and a potential peace deal on the line, digital currencies, including Bitcoin, could...
The crypto evangelist Anthony Pompliano has just announced a new project: ProCap Financial. Through a $1 billion SPAC merger between his ProCap BTC and Columbus Circle Capital I (CCCM), his team is launching what could be the largest-ever publicly traded Bitcoin treasury company. The plan proposes ambitious fundraising of up to $1 billion of Bitcoin...