Bitcoin Enters Deflationary Phase as Strategy’s Accumulation Outpaces Mining Supply
Strategy, a company heavily focused on Bitcoin holdings, is acquiring BTC at a rate that exceeds what miners are producing — effectively driving the leading cryptocurrency into deflation, says Ki Young Ju, CEO of CryptoQuant. In a May 10 post on X, Ju stated that Strategy’s Bitcoin stash — now at 555,000 BTC — remains […]
El Salvador Adds 7 More Bitcoin Amid Ongoing IMF Deal
Despite being under an active agreement with the International Monetary Fund (IMF), El Salvador has continued to grow its Bitcoin reserves, purchasing an additional 7 BTC over the past week. This brings the nation’s total Bitcoin holdings to 6,173 BTC, worth more than $637 million, according to figures released by the country’s Bitcoin Office. The […]
Conor McGregor Backs Irish Bitcoin Reserve in Run for Presidency
Former UFC superstar Conor McGregor has thrown his support behind the creation of a national Bitcoin reserve in Ireland, framing it as a way to shift financial control back into the hands of citizens. “Crypto was born to empower individuals,” McGregor posted on X (formerly Twitter) on May 9. “An Irish Bitcoin reserve will help […]