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Ark Invest purchased 41,032 Coinbase shares worth $8.7 million for its Next Generation Internet exchange-traded fund on Tuesday. Simultaneously, the investment firm sold $8.6 million worth of its own spot Bitcoin ETF during a broad cryptocurrency market decline, according to a report from Block. This marks Ark&
100 Reasons For Bitcoin
When a nation adds Bitcoin to its official reserves, it creates a foundation for legitimate crypto entrepreneurship within its borders. This policy decision sends a clear message that blockchain-based financial innovation is recognized at the highest level of government, which attracts venture capital, establishes tech accelerators, and motivates academic institutions
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Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has transformed his company from a modest software business into one of the largest corporate holders of Bitcoin. As of recent reporting, Strategy holds 499,096 Bitcoins valued at approximately $46.6 billion, though this figure can fluctuate substantially due to market
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Tokyo-listed investment firm Metaplanet has purchased an additional 135 Bitcoin worth $12.9 million, the company announced on Tuesday. This latest acquisition was made at an average price of 14.3 million yen ($95,951) per Bitcoin, totaling 1.9 billion yen, according to a report from Block. With this
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Hong Kong-based investment firm HK Asia Holdings Limited has expanded its cryptocurrency portfolio to approximately 8.88 Bitcoin, according to a February 23 announcement. The company disclosed that its board approved further investment in Bitcoin following positive market response to its initial purchase, according to a report from Cointelegraph. On
100 Reasons For Bitcoin
Nations maintaining gold reserves face substantial ongoing costs for physical storage, security, transportation, and insurance. Bitcoin offers a compelling alternative as a digital store of value that requires no physical vaults, armed guards, or specialized transportation. While gold demands expensive infrastructure and carries risks of theft or damage during movement,
100 Reasons For Bitcoin
Countries that add Bitcoin to their national reserves gain substantial advantages in attracting global tech talent and blockchain companies. The policy sends a clear message about a nation's commitment to innovation and digital transformation. Analysis of migration patterns shows that crypto-friendly jurisdictions like Singapore, Switzerland, and Portugal have
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El Salvador has stopped its daily Bitcoin purchasing strategy, with the last transaction recorded on February 17, according to data from Arkham Intelligence. The pause follows the country's recent $1.4 billion loan agreement with the International Monetary Fund (IMF), according to a report from Cryptobriefing. The Central
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Utah's legislative bodies are moving closer to allowing Bitcoin investments as part of the state's reserve strategy. House Bill 230, known as the "Blockchain and Digital Innovation Amendments," passed the Senate Revenue and Taxation Committee on February 20 with a 4-2-1 vote. The bill
100 Reasons For Bitcoin
Government adoption of Bitcoin custody requires developing robust security practices and cryptographic expertise. When nations establish Bitcoin reserves, they must master advanced encryption, multi-signature schemes, cold storage, and key management protocols. These same security capabilities strengthen national cyber defense systems and protect critical infrastructure against evolving digital threats. 🧡This article
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The U.S. Congress is considering new legislation called the BITCOIN Act that would direct the Treasury Department to create a Strategic Bitcoin Reserve by purchasing up to 1 million Bitcoin over a five-year period. According to the proposal, the government would need to hold these Bitcoin reserves for a
100 Reasons For Bitcoin
Government Bitcoin reserves stored in publicly viewable blockchain addresses allow citizens to verify national holdings without relying on traditional audit processes. Countries can prove their Bitcoin reserves exist in real-time through blockchain explorers, establishing a new standard for fiscal transparency. This direct verification reduces the risk of misreporting and builds
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A potential audit of Fort Knox's gold reserves, proposed by former President Donald Trump, could lead investors to shift their focus toward bitcoin and other digital assets, according to market analysts. The U.S. gold reserves have not undergone a complete independent audit since the 1950s, making this
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South African investment company Altvest Capital has made its first Bitcoin purchase, buying one BTC as part of its new investment strategy focused exclusively on Bitcoin. The company announced its entry into the Bitcoin market on February 21, 2024, specifically noting it would not include other cryptocurrencies in its strategy
100 Reasons For Bitcoin
Central banks worldwide can gain practical insights from Bitcoin's network operations to develop their digital currencies and smart contract systems. The decentralized nature of Bitcoin provides a working model for testing transaction processing, security protocols, and network scaling. This real-world experience helps central banks understand the technical challenges
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As reported by Coinpaper Czech Central Bank Governor Aleš Michl has proposed creating a Bitcoin test portfolio and called for extensive research into the cryptocurrency's technology, showing a progressive stance among traditional banking institutions. The announcement came through his February 19 social media post, where he shared his