BlackRock’s ETF acquires 3.25% of Bitcoin supply as fresh capital dwindles
BlackRock’s Bitcoin ETF Approaches $70 Billion in Assets BlackRock’s Spot Bitcoin Exchange Traded Fund (ETF) is nearing the $70 billion milestone in managed assets, which suggests significant institutional interest, even as retail inflows seem to be slowing down. The asset management giant has accumulated about $69.7 billion in Bitcoin (BTC) through its ISHARES BITCOIN TRUST […]
Healthcare firm hires Trump’s crypto advisor, acquires $20 million in Bitcoin.
Bitcoin Reserve Strategy in Healthcare A group of individuals who backed former US President Donald Trump is now joining the advisory board of healthcare companies that are developing a Bitcoin Reserve Strategy. In an announcement made on Wednesday, Prenetics—a health services firm with bases in Hong Kong and the US—revealed plans to invest $20 million […]
BlackRock acquires $1.4B in Bitcoin during a six-day period amid ETF surge
BlackRock Expands Bitcoin Portfolio with Major Investments Investment firm BlackRock is significantly increasing its Bitcoin portfolio, injecting billions into the cryptocurrency market. On June 17th, BlackRock acquired $250 million in Bitcoin (BTC), as reported by Arkham Intelligence. This purchase is part of a larger trend that has accumulated to $1.4 billion over six consecutive days. […]
IRS acquires strong new resource to bypass scrutiny, asserts Gorsuch dissent
Judge Neil Gorsuch expressed his disagreement with the Supreme Court’s ruling that restricts the authority of U.S. tax courts in specific IRS cases. He suggested that this decision could enable federal tax collection agencies to escape accountability in the future. In his dissent, Gorsuch referred to the case of Internal Revenue Committee v. Zuch, highlighting […]
Persistent Bitcoin Gathering: Method Acquires 1,045 Additional BTC
MicroStrategy Increases Bitcoin Holdings Recently, MicroStrategy, now just called Strategy, acquired 1,045 Bitcoins this week, pushing their average purchase price to $70,086 per Bitcoin. This comes after they had made recent purchases at prices exceeding $100,000. So far, the company, led by Michael Saylor, has invested over $40 billion in Bitcoin and continues to raise […]
Michaels acquires Joann’s intellectual property and popular brands
Joanne’s Craft Travel Shifts to Michaels NEW YORK – The recently closed fabric retailer, Joanne’s Craft Travel, has found a new home with Michaels. Michaels announced on Thursday that it has acquired Joanne’s intellectual property and private label brands, intending to enhance its own offerings in fabrics, sewing, and thread products. In a statement, Michaels’ […]
Zebec acquires compliance company Gatenox in preparation for MiCA and FCA regulatory changes
Zebec Network Acquires Gatenox to Enhance Compliance Infrastructure Zebec Network, a financial infrastructure company, has acquired Gatenox, a platform focused on compliance and identity. This move allows Zebec to deepen its roots in a more heavily regulated market. According to an announcement shared with Cointelegraph, this acquisition equips Zebec with essential tools for Know Your […]
Medical Tech Company Semler Scientific Acquires an Additional $50,000,000 in Bitcoin, Now Holds Over 4,000 BTC
Semler Scientific Expands Bitcoin Holdings Semler Scientific, a U.S. medical tech firm, has recently invested an additional $50 million into Bitcoin (BTC). A new filing with the Securities and Exchange Commission (SEC) reveals that the company acquired 455 Bitcoins between May 13 and May 22. Currently, Semler holds a total of 4,264 Bitcoins, which they […]
Semler Scientific, a publicly traded company, acquires more Bitcoin while facing scrutiny from a law firm.
Simply put The law firm is investigating whether Semler Scientific is complying with securities laws and other business practices. Bragar Eagel & Squire has urged shareholders of Semler to reach out to their lawyers regarding potential losses. This week, Semler revealed it has invested an additional $50 million in Bitcoin, increasing its total value of […]
OpenAI acquires the startup of the iPhone architect for $6.4 billion
OpenAI Acquires Startup IO for $6.4 Billion OpenAI is set to acquire IO, a hardware startup founded by Jony Ive, renowned for his work at Apple. This marks the largest acquisition by the creators of ChatGPT, valued at $6.4 billion. Ive, who has been instrumental in the design of products like the iPhone, along with […]