News with the tag "reserve asset"

Another company has elected to add bitcoin (BTC) to its balance sheet. Christian Angermayer, the chairman of Germany-based biopharmaceutical company atai Life Sciences (ATAI) announced today that the firm would develop its own bitcoin treasury strategy. “In an era of persistent inflation and volatil...

In a dramatic blow to Bitcoin enthusiasts hoping for mainstream adoption, the Swiss National Bank (SNB) Governor, Martin Schlegel, has firmly rejected the idea of including Bitcoin as a national reserve asset . Citing concerns over volatility, liquidity, and security, Schlegel’s statement casts a sh...

Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022 . In a tweet, the bitcoin mining company said it paid an average of $81,475 per bitcoin. This purchase take...

Altvest Capital (ALV) became the first listed company in Africa to adopt bitcoin ( BTC ) as a strategic treasury asset, the company said in a press release Friday. Altvest said it bought one bitcoin for its strategic treasury, following a path set by Strategy (MSTR) in the U.S. and Metaplanet (3350)...

Nasdaq-listed Zoom Communications (ZM), a stock market high-flyer during the pandemic boom that's faced tougher times since, should embrace a bitcoin (BTC) strategy to shake up sluggish stock performace and provide value to shareholders, said Eric Semler, chairman of medical technology firm Semler S...

Ripple CEO Brad Garlinghouse has confirmed discussions with President Donald Trump about including XRP in a diversified U.S. strategic reserve asset , according to a report from Walter Bloomberg on X . Garlinghouse emphasized that this move would not undermine Bitcoin (BTC) but rather position XRP a...

In a landmark speech following his inauguration as the 47th President of the United States, Donald Trump announced his administration’s ambitious plans to position the country as the global capital of both artificial intelligence (AI) and crypto. Trump Embraces Crypto In a video shared on social med...

Despite recent fluctuations, Bitcoin (BTC), the leading cryptocurrency, remains a focal point of discussion among investors and industry leaders. Following its record high of $109,000 just days ago, Bitcoin’s bullish momentum has waned, prompting renewed interest in its future potential. Coinbase CE...

KULR (KULR), a maker of advanced energy-management systems, said it spent $8 million on bitcoin (BTC) to take its total holdings to 510 tokens. At a weighted average price of $101,695, that equates to almost 79 bitcoin and means the company's total investment is now $50 million. The purchase follows...

Many countries across five continents (North America, South America, Asia, Europe, and Africa) are pondering whether to establish their own Bitcoin reserves. If Bitcoin were to become a national reserve asset, it would enhance crypto’s legitimacy and prepare the ground for meme coins, like $WEPE and...