Vivek has been fascinated by Bitcoin since he discovered it in 2016. He also runs a Bitcoin marketing agency, Bitgrow Lab, and he used to work at a Bitcoin VC fund, Lightning Ventures. He loves growth, marketing, startups, and writing.
US spot Bitcoin ETFs saw their sixth consecutive day of net inflows totalling around $65 million, highlighting growing mainstream institutional demand. BlackRock's IBIT led the day with $75.5 million in inflows.
Hong Kong's Spot Bitcoin ETFs saw their largest inflow in over a month, with the ChinaAMC Bitcoin ETF taking in 274 BTC worth $15M. The steady climb in assets shows growing Asian interest in regulated Bitcoin investment products.
Mt. Gox moved over $700 million worth of Bitcoin to unknown wallets, its first major transaction in weeks. The defunct exchange still owes billions to victims of its 2014 hack.
Metaplanet purchased another ¥500M of Bitcoin, bringing its total holdings to 360 BTC acquired for ¥3.45B. The public Japanese company is aggressively stacking sats by raising capital.
94% of Bitcoin's total supply cap of 21 million has now been mined through its predictable issuance schedule. Bitcoin's controlled scarcity makes the remaining supply provably rare.
South Korea's National Pension Service bought $34 million of MicroStrategy stock, gaining indirect exposure to Bitcoin. The pension fund joins others using MicroStrategy as a proxy for Bitcoin investing.
The SEC approved the first leveraged single-stock ETF targeting MicroStrategy, which offers amplified Bitcoin exposure due to its large holdings. The 175% daily leveraged MSTX ETF is issued by Defiance ETFs.
Marathon Digital purchased $249 million of Bitcoin, expanding its corporate treasury to over 25,000 BTC. The Nasdaq-listed mining firm continues aggressively accumulating Bitcoin.