Miner capitulation is here. Core Scientific talks about potential bankruptcy, highlighting that cash resources will be depleted by the end of the year....
Hut 8 added 330 BTC to its balance sheet in July as it continues to hold 100% of the bitcoin it mines, while most public miners capitulate.Hut 8 Mining produced an additional 330 BTC in the month of July.By the end of the month, the company was operating at 2.9 EH/s and continues to receive monthly shipments of additional miners.The...
The CEO of MicroStrategy announced the company has purchased an additional 480 bitcoin, netting a total treasury of 129,699 BTC amid market downturns.Michael Saylor, CEO of MIcroStrategy, announced the company has purchased an additional 480 BTC for its treasury holdings.The company now holds a total of 129,699 BTC with a total cost basis of $3.8 billion.Saylor recently provided a list...
Octagon Networks has converted its entire balance sheet into bitcoin and will begin accepting payments in BTC for all services.Octagon Networks has converted its entire balance sheet into bitcoin.The company will also begin accepting bitcoin as payment for all services, offering a 50% discount to customers using BTC.Octagon said MicroStrategy inspired the particular business model it...
Brazil’s largest digital bank added bitcoin to its treasury and now allows customers to buy, sell and hold the currency in its mobile app.Nubank now enables its customers to purchase bitcoin in its mobile app. Nubank will also allocate 1% of its portfolio to bitcoin to “strengthen the company’s conviction” in the potential of bitcoin, the firm said. Bitcoin critic Warren Buffet...
The story of the first fraternity to adopt bitcoin and a call for others to follow in their footsteps. Credit to Hannah Cron from Lumination Network During the summer of...
The two chief executives will kickstart the event with an in-depth conversation about Bitcoin.Jack Dorsey and Michael Saylor will speak at an upcoming Bitcoin conference catered to corporations.Bitcoin for Corporations kickstarts in February to explore how BTC can benefit institutions.The event will be part of a larger conference, World 2022, that will also feature conversations around...
Sports and Bitcoin both transform energy through low time preference into appreciable proof-of-work rewards.Preface: All human action stems from the desire to increase our supply of accessible energy reserves. Humans act to transform energy from inaccessible to accessible. We seek to acquire energy reserves to provide security for an unpredictable future. The more energy reserves we have access to the...
As attention on inflation heightens, public companies look to a solid store of value to protect their profits.There’s no denying it: support for bitcoin among publicly-listed companies is growing. As of June this year, more than 34 public companies collectively held over 213,000 bitcoin on their balance sheet, roughly equating to 1.14% of the...
MicroStrategy, which holds more than 92,000 bitcoin, laid the groundwork for a potential $1 billion stock sale in order to buy more BTC.MicroStrategy, the software intelligence firm that has acquired more than 92,000 BTC under CEO Michael Saylor, is considering offering up to $1 billion of stock to buy more bitcoin, immediately following a successful $500 million bond sale for the same...
The page, which is part of Rodolfo Novak’s bitcointreasures.org website, tracks companies offering bitcoin-based salaries and bonuses.As interest in bitcoin grows and more platforms roll out that make it simpler to acquire, secure and leverage, demand for compensation in BTC is on the rise as well. Documenting this rise in real time, Coinkite CEO Rodolfo Novak (aka...
Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.What started out as a slow trickle of institutional investment pouring into the bitcoin market is developing into a steady stream that will, in time, turn into an all out flood. Let the game theory commence! Prior to 2020, institutional and corporate interest in bitcoin...
Elon Musk’s multi-billion dollar company, Tesla, has purchased an aggregate $1.5 billion of BTC and will begin to accept the cryptocurrency as payment, per a financial performance report filing with the U.S. Securities and Exchange Commission for the fiscal year ended on December 31, 2020. Per the filing, in January 2021 the company updated its investment...
The Massachusetts Mutual Life Insurance Company has jumped on the Bitcoin hype train with the announcement of its purchase of $100 million in BTC for its general insurance account, which totaled almost $235 billion as of September, according to the Wall Street Journal. This continues an ongoing trend of companies and institutions...
Bitcoin does the same thing for companies as it does for individuals: it gives them more freedom. In the wake of large public corporations adding bitcoin to their balance sheets, I want to explore the greater implication of companies adopting Bitcoin. As companies adopt Bitcoin, they will begin to gain new levels of sovereignty and leverage over the state as well as...
The last three months in Bitcoin have been marked...
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