Strategy Acquires 1,895 Bitcoin for $180 Million Amid Slower Buying Pace
Michael Saylor’s firm, one of the largest corporate holders of Bitcoin globally, eased up on its aggressive accumulation strategy last week as BTC temporarily climbed above $97,000. Between April 28 and May 4, the company added 1,895 BTC to its reserves, investing $180.3 million at an average price of $95,167 per coin, according to a […]
CZ Suggests Bitcoin and BNB for Kyrgyzstan’s Crypto Reserves
Changpeng “CZ” Zhao, co-founder of Binance, has recommended that Kyrgyzstan consider Bitcoin and Binance Coin (BNB) as the initial assets for establishing its national cryptocurrency reserves. On May 5, Zhao posted on X (formerly Twitter) that he had proposed Bitcoin and BNB to Kyrgyzstan’s government as foundational elements for their digital reserve strategy. Zhao, who […]
US Bitcoin ETFs Outpace Miner Production by Nearly 6x in a Single Week
In a remarkable show of demand, U.S.-based spot Bitcoin exchange-traded funds (ETFs) scooped up nearly six times more BTC last week than miners were able to produce. According to HODL15Capital, between April 28 and May 4, these ETFs acquired approximately 18,644 BTC, while miners generated just 3,150 BTC—equivalent to 450 coins per day. This sharp […]