Author: Token Flash
MicroStrategy Inc. is facing a class action lawsuit alleging it failed to inform shareholders about an anticipated accounting standards change that would result in a multibillion-dollar unrealized loss related to its Bitcoin holdings. The lawsuit names MicroStrategy’s chairman Michael J. Saylor, CEO Phong Le, and CFO Andrew Kang as defendants, accusing them of making misleading statements about the company’s Bitcoin investment strategy and treasury operations. Multiple law firms, including Robbins Geller Rudman & Dowd LLP, Glancy Prongay & Murray LLP, and the Law Offices of Frank R. Cruz, have announced investigations and encouraged investors who suffered losses to contact them.…
Swedish healthcare company H100 Group AB has acquired 4.39 bitcoins, becoming the first publicly listed company in Sweden to hold Bitcoin in its treasury. This move aims to enhance the firm’s financial sovereignty and innovation. The acquisition positions H100 Group as a pioneer in Sweden’s corporate adoption of cryptocurrency. Separately, Europe’s first Bitcoin treasury company, The Blockchain Group, recently purchased 227 bitcoins for €21.2 million, increasing its total holdings to 847 bitcoins.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source link
Jack Mallers, co-founder of a new business alongside Tether, announced plans for his company to potentially acquire up to 5% of the total Bitcoin supply, which equates to nearly one million BTC or approximately 800,000 BTC according to some estimatesJack Mallers, co-founder of a new business alongside Tether, announced plans for his company to potentially acquire up to 5% of the total Bitcoin supply, which equates to nearly one million BTC or approximately 800,000 BTC according to some estimates. Mallers highlighted that with their experience and reach, such an acquisition could lead to impactful developments within the Bitcoin network. This…
The German government sold approximately 49,858 Bitcoin between June and July 2024 at an average price of around $57,600 to $57,900 per coin, generating about $2The German government sold approximately 49,858 Bitcoin between June and July 2024 at an average price of around $57,600 to $57,900 per coin, generating about $2.87 billion from the sale. Since then, Bitcoin’s price has surged to over $104,000, raising the current value of those coins to approximately $5.24 billion to $5.33 billion. This price increase means Germany missed out on unrealized profits estimated between $2.3 billion and $2.89 billion by selling its Bitcoin holdings…
BlackRock Inc. has significantly increased its Bitcoin holdings, purchasing 4,970 BTC valued at approximately $530.6 million on May 21, bringing its total to around 643,974 BTC, worth over $67 billion. This positions BlackRock’s iShares Bitcoin Trust (IBIT) as the second-largest holder of Bitcoin, only behind the pseudonymous creator Satoshi Nakamoto.In addition to its Bitcoin investments, BlackRock has also been actively acquiring Ethereum, with recent purchases amounting to $45 million, indicating a broader interest in cryptocurrencies.Meanwhile, prominent trader James Wynn has escalated his leveraged long position on Bitcoin to over $1.1 billion, using 40x leverage. His position, which now holds 10,200…
President Donald Trump has declared that the United States is ‘dominating’ in the fields of cryptocurrency, Bitcoin, and other digital assetsPresident Donald Trump has declared that the United States is ‘dominating’ in the fields of cryptocurrency, Bitcoin, and other digital assets. He emphasized the country’s intention to maintain its lead in these areas, stating, ‘and we are going to keep it that way.’Trump made these remarks as he was en route to a crypto dinner in Loudon County, Virginia, indicating ongoing engagement with the cryptocurrency community.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information,…
Cryptocurrency exchange Kraken plans to introduce tokenized trading of more than 50 UCryptocurrency exchange Kraken plans to introduce tokenized trading of more than 50 U.S. stocks and exchange-traded funds, starting with Apple, Tesla and Nvidia, for customers outside the United States. The digital securities, branded “xStocks,” will be available in the coming weeks to users in Europe, Latin America, Africa and Asia, with expansion to the U.K. and Australia expected later.The tokens will be issued by partner BackedFi and trade around the clock on the Solana blockchain, allowing investors to buy, sell or hold the assets even when U.S. equity…
Bitcoin has surpassed Amazon and Google to become the fifth-largest asset in the world by market capitalizationBitcoin has surpassed Amazon and Google to become the fifth-largest asset in the world by market capitalization. The cryptocurrency reached a new all-time high of $109,856, marking a significant milestone in its journey from a niche digital asset to a global reserve asset. This achievement places Bitcoin ahead of major companies like Amazon.com Inc and Alphabet Inc (Google) in terms of market value. Additionally, Bitcoin has overtaken the Taiwan Dollar to become the eighth-largest currency globally by market capitalization, with speculation that it may…
Ethereum (ETH) is being discussed as a potential world reserve asset, with projections indicating that its market capitalization could surpass $1 trillion within the year 2025Ethereum (ETH) is being discussed as a potential world reserve asset, with projections indicating that its market capitalization could surpass $1 trillion within the year 2025. Market participants and analysts are increasingly optimistic about ETH’s growth prospects and its emerging role in the global financial ecosystem.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source link
The Russian Ministry of Justice has introduced a new bill aiming to classify Bitcoin and other cryptocurrencies as property under the Criminal CodeThe Russian Ministry of Justice has introduced a new bill aiming to classify Bitcoin and other cryptocurrencies as property under the Criminal Code. This legislative move is intended to facilitate the seizure of digital assets in criminal cases. Deputy Minister Vadim Fedorov highlighted the challenges of confiscating digital currencies due to their decentralized and anonymous nature, which prevents physical seizure. The bill seeks to clarify confiscation procedures and impose special safety measures for handling such assets. This development…