Britain Considers Divesting $7.2 Billion BTC Reserve to Bridge Budget Deficit
The UK administration is contemplating utilizing its substantial BTC reserves to mitigate escalating financial strains. Chancellor Rachel Reeves is said to be assessing if liquidating part or all of the government's crypto asset assets could assist in addressing the expanding budget deficit. From
Strategy Invests $740 Million in Bitcoin, Currently Holds Over 600,000 BTC
Strategy has executed another significant acquisition in Bitcoin. As per a July 21 SEC report, the company invested $739.8 million to obtain 6,220 Bitcoin, averaging $118,940 per token. This elevates its overall holdings to 607,770 Bitcoin. The average cost across all acquisitions is
JPMorgan Provides Clients with Bitcoin Access Even Though CEO Remains Skeptical
JPMorgan is finally allowing its clients to purchase Bitcoin, marking a significant shift for one of Wall Street’s most renowned skeptical entities. Although CEO Jamie Dimon still holds a negative view of crypto, he has made it apparent that his personal opinions will
Bitcoin to $110,000 Inevitable? More than $16B in Leveraged Shorts Ready to be Liquidated at $99,900
Could Bitcoin be on the verge of reaching $110,000? With $16 billion in leveraged shorts facing liquidation and robust institutional investment, BTCUSDT might soar to unprecedented heights. Earlier this week, Changpeng Zhao, the head of Binance, encouraged retail investors to purchase Bitcoin immediately,
