Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC – Cointelegraph

Bitcoin miner Marathon Digital has bought an additional $249 million worth of Bitcoin after raising $300 million in a senior debt offering. On August 14, the miners said The company used a portion of the bond sale proceeds to purchase approximately 4,144 Bitcoin (BTC) at an average price of approximately $59,500, bringing its “strategic Bitcoin […]

US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon – Cointelegraph

The total amount of Bitcoin held by U.S. physical Bitcoin exchange-traded funds (ETFs) may soon surpass the holdings of Satoshi Nakamoto, the cryptocurrency’s anonymous creator. Bloomberg ETF analyst Eric Balchunas posted a chart to X on Aug. 13 noting that the ETF currently holds a total of 909,700 Bitcoin (BTC), which at a current price […]

Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price – TradingView

Bitcoin BTCUSD With major BTC price indicators seeing room for growth, it suggests a third “local bottom” could occur in 2024. The latest research published by on-chain analytics platform CryptoQuant on August 8th shows bullish indications from the network value-to-transaction golden cross (NVT-GC) tool. BTC price is “overly depressed” Bitcoin is at risk of collapsing […]

RFK Jr. promises BTC strategic reserve, dollar backed by hard assets – Cointelegraph

Independent presidential candidate Robert F. Kennedy Jr., speaking to an audience at the Bitcoin2024 event on July 26, praised the role Bitcoin will play in improving the U.S. economy and the American way of life, and promised to sign several executive orders to start that process on his first day in office. Bitcoinization by Presidential […]