Massive Shift: Institutional Bitcoin Holdings Now Top 30% of Supply
Bitcoin News

Massive Shift: Institutional Bitcoin Holdings Now Top 30% of Supply

Hey there, crypto enthusiasts! Ever wonder who’s really holding all that Bitcoin? While we often think of Bitcoin as a decentralized, peer-to-peer currency, recent research is shedding light on a significant, and perhaps surprising, trend: the increasing concentration of institutional Bitcoin holdings. Unpacking the Numbers: How Much Bitcoin is Centralized? According to a joint report […]

Bitcoin: Sygnum Report Warns MicroStrategy's Strategy Risks BTC's Safe-Haven Status
Bitcoin News

Bitcoin: Sygnum Report Warns MicroStrategy’s Strategy Risks BTC’s Safe-Haven Status

Hey crypto enthusiasts! We often hear about Bitcoin (BTC) being a potential safe-haven asset, a digital gold that holds value when traditional markets falter. But what happens when a single corporate giant accumulates a massive chunk of its supply using leveraged strategies? A recent Sygnum report, highlighted by Decrypt, raises a provocative question: Could Strategy […]

IREN Pursues Strategic $450M Through Convertible Notes for Bitcoin Mining
Bitcoin News

IREN Pursues Strategic $450M Through Convertible Notes for Bitcoin Mining

In a significant move within the digital asset space, IREN, the Nasdaq-listed entity formerly known as Iris Energy, is making headlines with its latest financial strategy. The company has announced its intention to raise a substantial $450 million through a private offering of convertible senior notes. This offering is specifically targeted at qualified institutional investors, […]