Here is the latest Bitcoin news:
- Bitcoin has become the sixth-largest monetary asset globally.
- Matthew Sigel from VanEck told CNBC that the major Bitcoin selling is over, signaling a bullish outlook.
- Bitcoin reserves on exchanges drop to a five-year low as $5.96 billion is withdrawn in 30 days, highlighting a move towards self-custody.
- CoinGate observes a significant increase in Lightning Network usage, with Bitcoin transactions on their platform doubling between 2022 and 2024.
- Metaplanet, known as ‘Asia’s MicroStrategy,’ increases its bitcoin holdings to 303 BTC after purchasing an additional 57.1 BTC for $3.3 million.
- Norway’s sovereign wealth fund invests $217 million in MicroStrategy, gaining leverage in the Bitcoin market through Michael Saylor’s holdings.
- The SEC approves the first leveraged single-stock ETF focused on MicroStrategy, offering 175% daily returns and increased Bitcoin exposure through Defiance ETFs.
- Cleanspark acquires 26,000 Bitmain immersion miners in a $167.7 million deal.
- Nearly half of the Bitcoin supply has remained untouched for six months, indicating strong conviction among holders despite recent market volatility..
- Goldman Sachs has invested over $400 million in Bitcoin ETFs, according to their latest 13F filing with the SEC.
- Marathon Digital announces a $250 million fundraising effort to boost Bitcoin holdings.
