On Mon., Jan. 6, 2025, business intelligence firm Microstrategy unveiled its latest acquisition: 1,070 BTC for approximately $ 101 million. This purchase elevates the company’s holdings to a monumental 447,470 BTC. Michael Saylor, Microstrategy’s founder, had hinted at the move the previous afternoon, cryptically noting, “Something about Saylortracker.com is not right.” Saylor has made …
ARKB Divests $101M Amid $127M Outflow From Bitcoin ETFs
On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $ 127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $ 101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin …