Genius Group’s Bitcoin reserves increase by 52% as the target of 1,000 BTC is reaffirmed.
Genius Group Boosts Bitcoin Treasury Amid Growing Institutional Interest The Singapore-based AI education firm, Genius Group, has significantly increased its corporate Bitcoin Treasury by over 50%, reflecting the rising institutional acceptance of cryptocurrencies. Even after a prior prohibition on Bitcoin accumulation for NASDAQ-registered companies, Genius Group managed to expand its Bitcoin holdings by 52%, acquiring […]
Metaplanet’s Bitcoin reserves reach 10,000 BTC, surpassing Coinbase
The Japanese investment firm Metaplanet has made headlines with its recent acquisition of 1,112 Bitcoins, pushing its total holdings to a notable 10,000 BTC. This means Metaplanet has now overtaken Coinbase, positioning itself as the seventh largest publicly listed company in terms of Bitcoin assets. On Monday, Metaplanet shared an announcement revealing that it invested […]
Centralized Bitcoin reserves account for 31% of the BTC supply.
Survey Reveals Centralized Holding of Bitcoin Supply A recent study conducted by Gemini and Glassnode indicates that nearly one-third of the Bitcoin supply is under the control of centralized entities, with early adopters holding a notably uneven portion. The centralized Treasury—comprising government bodies, exchange-traded funds, and publicly traded companies—currently manages 30.9% of the circulating supply […]
Connecticut Changes Direction on Bitcoin Reserves, Prohibits Government Crypto Investments
Simply put Connecticut has enacted the strictest cryptocurrency law in the U.S., which forbids all state and local governments from buying, holding, or investing in any cryptocurrency. This law requires crypto companies to disclose “all material risks,” while also reforming the state’s existing gold transmission laws. The ban in Connecticut stands in sharp contrast to […]
Bitcoin reserves and stablecoin rules are major market drivers for 2025, according to a venture capitalist.
According to Alice Li, head of Foresight Ventures, a crypto venture capital firm, there’s potential for Bitcoin to exceed $150,000 in this market cycle, particularly with clearer regulations in the US. Speaking on Cointelegraph’s Chain Reaction show on June 3, Li highlighted that the anticipated bullish trend in the crypto market for 2025 is largely […]
Hochul to use reserves for late budget decision favoring workers and businesses.
Hochul’s Move to Aid Businesses Raises Concerns Governor Kathy Hochul is making waves with a decision that could ease the financial strain on businesses facing hefty unemployment insurance debts. However, this relief comes at the cost of dipping into state reserves. On Monday, Hochul announced that the state would cover approximately $7 billion of remaining […]
Knicks’ depth challenge facing a significant test against Celtics’ reserves
BOSTON – The Knicks bench seemed like a potential weakness in the first round against the Pistons. Now, they’re up against some of the best bench players in the league. The Celtics not only have a strong starting five but also a bench that offers little relief for the Knicks. Payton Pritchard, recognized as the […]
Warren Buffett’s Berkshire Hathaway sold stocks once more last quarter, increasing its cash reserves to a record level – Yahoo Finance
Berkshire Hathaway’s First Quarter Report Warren Buffett’s Berkshire Hathaway saw a 14% decrease in its operating profit for the first quarter, reporting $9.6 billion. This announcement was made ahead of the much-anticipated annual meetings held in Omaha. A significant factor in this decline was a 49% drop in profit from the underwriting division, which fell […]
Elon Musk says DOGE should ‘definitely’ look at Federal Reserve’s costs
Rep. Aaron Bean (R-Fla.) discusses whether Doge can effectively execute when Elon Musk returns to “Varney & Co.” Billionaire Elon Musk said Wednesday that the government's Office of Efficiency (DOGE) should investigate Federal Reserve spending on headquarters renovations. Musk has been a Doge overview since its inception and said last week that he will step […]
Solana Founder Says No to SOL and BTC Reserves: ‘Putting Government in Charge Will Kill Decentralization’ – The Crypto Basic
Solana Labs co-founder Anatoly Yakovenko raised concerns about the US government's plan to create a strategic crypto sanctuary He argued that government involvement could undermine decentralization. For context, Jacovenko's remarks have US President Donald Trump recently made the disclosure of five digital assets included in Vitocoin, Ether, XRP, Solana and Cardano. Trump's announcement on Truth […]