This Japanese company made money on Ethereum, Solana, and XRP, but sold them anyway to keep its $121 million Bitcoin holdings
Remixpoint sold all of its Ethereum, Solana, XRP, and Dogecoin holdings, leaving Bitcoin as its only cryptocurrency asset. The Japanese company generated ¥878.8 million, or about $5.5 million, from the Sept. 1 sales and booked a net gain of about ¥117.8…
BlackRock’s Bitcoin ETF barely beat the S&P 500 after putting investors through a 53% crash
BlackRock’s Bitcoin exchange-traded fund (ETF) has narrowly outperformed the S&P 500 since launch despite subjecting investors to a drawdown nearly three times as deep. The iShares Bitcoin Trust, or IBIT, returned 67.74% from its Jan. 11, 2024 debut…
Leaked compliance records shatter anonymity of 291 crypto users by matching names directly to wallet activity
The Pocket Bitcoin breach exposed more than email addresses and support conversations for 291 customers, the company said. Some copied records linked real-world identities to public Bitcoin activity. The finding expands the scope described in the Swiss…
Strategy splits $603 million share sale between Bitcoin purchases and STRC support
Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash. The company’s Aug. 31 filing attributed $369.7…
Bitcoin gains 24% as CryptoSlate price prediction model maps a volatile September
Bitcoin traded near $77,700 today, Aug. 31, putting the largest crypto asset up about 23.5% over 30 days. CryptoSlate’s market signal registered a bullish 68 out of 100 after a late-week pullback. The score measures trailing market conditions.…
CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC
Circle’s wrapped Bitcoin product entered the market with unusually strong institutional credentials and almost no visible scale. The company paired cirBTC with segregated reserves, a federally supervised custodian, direct minting and redemption for…
US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem
Stablecoin demand is becoming consequential in the U.S. government debt market, but the maturity of that demand matters more than the headline total. Washington now has two debt-market stories running at once. The federal framework for permitted payment…
Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chase gigawatts of power
BitGo’s NYDIG deal transfers its institutional trading business to the digital-asset custody and trading infrastructure provider, while NYDIG says it is concentrating resources on power, Bitcoin mining and high-performance-computing data centers.…
One mid-tier Bitcoin treasury just gambled its entire BTC reserve on a single 30-day reset price
PowerCompute, a Bitcoin treasury and mining company, added $3.765 million to its debt after an early Bitcoin collar reset involving 307 BTC. The executed schedule records the unwind cost as added principal rather than cash or USDC. The company’s Aug. 28…
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud
IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IREN’s AI cloud revenue. The company’s fiscal 2026 results, filed Aug. 27, show Bitcoin mining generated $578.2 million…