News with the tag "bitcoin investment"

Despite the hype surrounding spot Bitcoin ETF products, a significant portion of the capital flowing into these products is tied to arbitrage strategies rather than long-term investments, according to 10x Research head of research Markus Thielen. Since their launch in January 2024, U.S. spot Bitcoin...

Hong Kong-based HK Asia Holdings Limited has once again expanded its Bitcoin holdings, adding nearly 7.88 BTC to its portfolio just days after its stock price saw a dramatic surge following its initial Bitcoin purchase. In a Feb. 23 announcement , the firm revealed that its board had approved an inc...

HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment “symbolic in scale.” Following the public announcement, the company’s stocks surged by 93% between February 13 and 17. This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equiva...

In a surprising turn that underscores the growing acceptance of digital assets within traditional financial systems, it’s been revealed that a significant number of North American states are dipping their toes into the cryptocurrency market, albeit indirectly. Are you ready to uncover where public f...

As US lawmakers continue working on crypto adoption and better regulations, Illinois and Indiana representatives have introduced new Bitcoin-related bills seeking to embrace the flagship crypto at the state level. Illinois Introduces Strategic Bitcoin Reserve Act On Wednesday, Illinois State Represe...

The Czech National Bank (CNB) is evaluating Bitcoin (BTC) as part of its reserve diversification strategy , according to Governor Aleš Michl . While Bitcoin is under analysis , Michl emphasized that no immediate decision has been made , and the central bank board will conduct a thorough evaluation b...

MicroStrategy , the leading Bitcoin investment firm, has made another bold move in the cryptocurrency space by purchasing 11,000 BTC for approximately $1.1 billion . Co-founder Michael Saylor shared the news on X (formerly Twitter), revealing an average purchase price of $101,191 per Bitcoin . This ...

Italian Parliament Member Urges Bank Foundations to Embrace Bitcoin Investments In a bold call to action, Marcelo Copo , a member of the Italian Parliament, has urged Italy’s bank foundations to invest in Bitcoin (BTC) . During an interview with local media, Copo emphasized the transformative potent...

Intesa Sanpaolo has become Italy’s first bank to make a Bitcoin investment after buying more than $1 million worth of BTC during a period of growing institutional interest.

The central bank Governor, Aleš Michl, recently said he was considering investing in Bitcoin as part of the bank’s diversification strategy.