Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $ 2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price …
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of outflows, marking the fourth consecutive day of losses. The 11 funds saw $ 152.42 million leave on Tuesday, bringing the cumulative total net inflows to $ 14.81 billion. Grayscale, Fidelity, and Bitwise Drive Tuesday’s Outflow in Bitcoin ETFs Another day of trading brought …
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $ 161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, …
Blockchain Capital, a venture capital fund for cryptocurrency builders, has announced the closing of two funds that together total $ 580 million. The fundraiser, the largest one of the company in its ten years of existence, reveals the interest of investors in the blockchain sector as a source of business opportunities. Blockchain Capital Raises …