💰 Metaplanet Inc. purchases 1 billion yen worth of Bitcoin

Metaplanet Inc. finalized its acquisition of 97.85 Bitcoins, amounting to a total purchase price of 1 billion Japanese yen. The investment and consulting company, listed on the Tokyo Stock Exchange, announced its purchase in a post on X on April 24. Metaplanet Inc. first announced its plans to purchase Bitcoin on April 8. The Japanese company revealed that the acquisition will total 1 billion Japanese yen, equivalent to approximately $6.25 million.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Bitcoiner and author of the book Broken Money explains that in the long term, Bitcoin is correlated to measures of global liquidity rather than 🇺🇸 U.S. stocks

“I view Bitcoin as not only a good performing asset, but one that is tied to global liquidity and is not necessarily correlated to other portfolio assets.”

- Lyn Alden

https://www.tg-me.com/Bitcoin_Crypto_Signals

🪙 Tether invests $200 million in biotech firm Blackrock Neurotech

Stablecoin issuer Tether has invested $200 million in Blackrock Neurotech, a biotech company that builds tools to help people afflicted with paralysis, lost function, and neurological disorders. The investment was made through Tether's newly formed venture division Tether Evo. With the investment, Tether is now the majority stakeholder in Blackrock Neurotech, the stablecoin issuer said Monday.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC

MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 122 BTC in April at a total cost of $7.8 million, Founder & Chairman Michael Saylor announced today. The company initially entered the Bitcoin market in August 2020, making a significant initial investment of $250 million into BTC.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 MicroStrategy continues stacking Bitcoin with $1.65 billion purchase during Q1

MicroStrategy’s first quarter earnings report showed the firm bought roughly 25,250 BTC for $1.65 billion at an average price of $65,232 per BTC during the first three months of the year. With its latest purchases, MicroStrategy now holds 214,400 BTC in total — equating to roughly 1% of the total Bitcoin supply. The firm reported a downturn in revenue but continued to bolster its Bitcoin holdings, highlighting a steadfast commitment to its strategic investment in the flagship crypto.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Bitcoin market absorbs 1 million BTC in 5 months

Bitcoin currently trades approximately 20% below its all-time high, the more compelling narrative unfolds within the dynamic flow of coins between short-term holders (STHs) and long-term holders (LTHs). LTHs, holding Bitcoin for over 155 days, typically accumulate during bear markets and distribute during bulls. Their supply peaked at 14.9 million BTC in December 2023 before dropping to 13.9 million in April 2024.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Bitcoin begins May with plunge to two-month low as crypto market sees widespread losses

The crypto market started the new month of May in red, with Bitcoin’s price plunging to a two-month low of under $56,500. This decline extends the downtrend from April, marking Bitcoin’smost challengingt month since the November 2022 crash triggered by the collapse of the FTX exchange. Bitcoin’s slide mirrors a broader market trend, with major cryptocurrencies like Solana, Ethereum, Cardano, and Avalanche each seeing losses exceeding 7% during this period.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

🥇 VanEck says about $175 billion in bitcoin held by ETFs, nations and companies

VanEck said in a new report that a total of roughly $175 billion in bitcoin is currently being held across the various ETFs, nations and public and private companies that have acquired the popular cryptocurrency. "Bitcoin interest among institutional investors has also increased. Hedge funds, asset management firms, and endowments are increasingly recognizing bitcoin’s potential as a store of value," VanEck said in the report.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs

Financial institutions are holding diligence and research conversations, with BlackRock playing an educational role, said Robert Mitchnick, the firm's head of digital assets. BlackRock has been talking about bitcoin to these sorts of institutions for several years. While becoming the biggest spot bitcoin ETF would be an impressive milestone, BlackRock says it isn’t really focused on the size competition with Grayscale’s GBTC.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto

Marathon has once again set a milestone by mining the largest block ever recorded on the Bitcoin blockchain. Namely, block 841,886, showcased a manifesto of a decentralized technology initiative called Logos, featuring just four transactions with the manifesto. For their efforts, Marathon’s mining pool earned a reward of 3.16977148 BTC, including 0.04477148 BTC, or $2,654.55, collected in transaction fees.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Bitcoin Whales Bagged $2.8B Worth of BTC in a Day: CryptoQuant

Bitcoin’s recent market correction that dragged the world’s largest cryptocurrency near the low of $56,500 turned out to be a good opportunity for high-profile investors. Data shared by CryptoQuant CEO Ki Young Ju revealed that whales have accumulated a whopping 47,000 BTC – worth more than $2.8 billion in current price – over the past 24 hours alone. This shopping spree signals the beginning of “a new era” for the primary cryptocurrency, according to the exec.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January

The Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin (BTC) without directly purchasing the cryptocurrency. But it got competition in January when it was converted into an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading. GBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin to around 290,000 bitcoin, according to fund data compiled by CoinDesk.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Crypto has been 'validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec

Pantera Capital’s Franklin Bi told The Block that crypto has been ‘validated significantly’ with this year’s spot bitcoin ETF approval in the U.S., solidifying institutional investors’ conviction in the industry. This year's approval of spot bitcoin exchange-traded funds in the U.S. has provided substantial validation for the crypto industry, according to Pantera Capital general partner Franklin Bi, as the crypto venture capital firm is raising a new mega $1.25 billion fund.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Bitcoin miner Marathon's market cap rises $800 million as stock jumps 18%

On the heels of S&P Global announcing Marathon Digital would be added to a small-cap stock index, the bitcoin miner's shares rose by 18% on Monday, boosting the company's market capitalization by about $800 million, according to Ycharts data. Marath0n Digital's shares closed the day's trading at $20.67, according to Yahoo Finance. The company's market capitalization rose to $5.5 billion from Friday's market capitalization of $4.7 billion, according to Ycharts data.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

🇭🇰 Hong Kong’s spot 💰 bitcoin ETFs see first outflows, solely from ChinaAMC

Hong Kong’s spot bitcoin exchange-traded funds recorded their first cumulative daily bitcoin outflows on Monday — solely from China Asset Management’s ETF — after debuting on the Hong Kong Stock Exchange on April 30. ChinaAMC’s spot bitcoin ETF saw 75.36 leave the product yesterday, while the other two ETFs recorded zero inflows. That came after the three funds logged an inflow of 3,910 BTC on their first trading day, according to SosoValue data.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

💰 Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments

Susquehanna International Group disclosed $1.3 billion of investments in spot Bitcoin ETFs in a May 7 13F filing. The company reported holding 17.3 million shares of Grayscale’s GBTC across three separate investments for a combined investment of $1.1 billion. Susquehanna additionally purchased 1.3 million shares of Fidelity’s FBTC worth $83.7 million, 583,049 shares of BlackRock’s IBIT worth $23.6 million, 560,832 shares of Bitwise’s BITB worth $21.7 million, and 508,824 shares of Ark 21Shares’s ARKB worth $36.1 million.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals

🪙 Tether partners with Swan to expand 💰 Bitcoin mining operations

Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan. Swan’s Managed Bitcoin Mining allows institutional investors to commit a minimum of $100 million to the Bitcoin mining ecosystem. Through the service, the firm plans to offer bespoke mining operations tailored to the specific needs of its clients.

Source

https://www.tg-me.com/Bitcoin_Crypto_Signals