Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
Satsuma Technology sold nearly half its 1,199 BTC treasury, raising £40 million, alongside major board changes ahead of a London Stock Exchange uplisting.
Corporate Bitcoin treasuries swung into widespread unrealized losses in November, as Bitcoin’s brief drop below $90,000 left roughly 65% of measurable corporate holders in the red.
Bitcoin price jumped above $94,000 after the Federal Reserve cut its benchmark rate 25 basis points to 3.50%–3.75% to support jobs and curb elevated inflation.
The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50%–3.75% to support maximum employment and curb somewhat elevated inflation amid moderate economic growth and slowing job gains.
SpaceX moved 1,021 BTC worth $94.5, part of a series of transfers this year totaling 8,910 BTC as the company consolidates and upgrades its bitcoin holdings.
Strategy released a letter to MSCI arguing that their proposed digital asset threshold is “misguided” and would have “profoundly harmful consequences."
American Bitcoin Corp. added 416 bitcoin to its reserve, bringing total holdings to 4,783 BTC, while ProCap Financial increased its stack to 5,000 BTC.
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