Here’s this week’s Bitcoin news:
- Abraxas Capital, a London-based investment firm, acquires 2,949 BTC for $250 million.
- Metaplanet purchases 330 BTC, increasing its total stash to 4,855 BTC worth $414 million.
- Twenty One Capital is set to launch with over 42,000 BTC in its treasury. This new Bitcoin-native firm, backed by Tether and SoftBank, is planned to go public.
- Bitcoin has reached a new milestone, overtaking Google, silver, and Amazon in market capitalization to become the fifth most valuable asset globally.
- Whale accumulation hits a record high, absorbing over 300% of new BTC supply according to Glassnode.
- Fornelli, Italy, is a small town with 2,000 people. Almost all merchants there now accept Bitcoin. This change comes thanks to Bitcoiner Mattia Pannoni.
- Pedro Guerra, chief of staff to Brazil’s Vice President Geraldo Alckmin, supports adding BTC to Brazil’s $350 billion reserves. He points to its resilience and potential as a long-term store of value.
- Bybit CEO Ben Zhou reports that 27.59% of the $1.4B in bitcoin and crypto stolen by the Lazarus Group has “gone dark.” This means it has moved through mixers to P2P and OTC platforms, making it untraceable.
- Vietnam’s Ministry of Finance is launching a pilot Bitcoin and crypto trading platform. Bybit will provide technical support for this initiative.
- OCEAN mining has paid out 17,000 BTC to pool participants using the Lightning Network. Most of these payouts went to users running the Core Lightning implementation.
- Bitcoin long-term holder selling pressure is at a yearly low of 1.1%. This suggests accumulation and a possible bull market soon.
