BitMine Immersion Technologies is raising $18 million through a public stock offering to expand its Bitcoin holdings. According to the company’s announcement in a June 4 press release, the offering includes 2.25 million shares priced at $8.00 each. BitMine has also granted underwriters a 45-day option to purchase an additional 337,500 shares to cover potential over-allotments. The…
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21Shares US LLC announced a 3-for-1 share split for its flagship ARK 21Shares Bitcoin exchange-traded fund, ARKB, aiming to make the fund more accessible to retail investors. The move, announced in a company press release on June 2, will take effect at the opening of markets on June 16. The split will triple the number of shares available,…
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April core inflation data came in at 2.5% year-over-year, which is its lowest level since March 2021. The Federal Reserve’s preferred inflation metric hit its lowest level since March 2021, giving a positive sign for Bitcoin’s (BTC) price. April’s core personal consumption expenditures price index, released on Friday, May 30, came out at 2.5%. This was in line with…
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Trump Media and Technology Group has closed a $2.44 billion private placement with roughly 50 institutional investors, aiming to establish one of the largest Bitcoin treasuries among publicly-traded U.S. companies. The offering included the sale of 55.8 million common shares at $25.72 each, generating $1.44 billion, and $1 billion in 0% convertible senior secured notes due 2028,…
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Bitcoin’s trading session on May 26 was quiet as the Dow and all other U.S. indices closed to observe Memorial Day. Bitcoin (BTC) ended the U.S. trading session virtually where it began despite some intra-day swings. The leading cryptocurrency by market cap pushed above the $110,000 mark around midday, but the gains were erased by…
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During early Asian trading hours on Thursday, May 22, Bitcoin surged more than 4% from its peak of $109,800 on Wednesday to reach a new all-time high of $111,544. The milestone follows a brief dip to $106,000 and shows growing investor appetite for alternative assets amid rising macroeconomic uncertainty. The immediate catalyst appears to be…
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Bitcoin saw a classic weekend pump-and-dump, with price now sitting at a critical support level. Despite the drop, the market structure remains bullish and poised for another breakout. Bitcoin btc2%Bitcoin opened the week with a sharp retracement after an unsustainable Sunday rally pushed prices higher. The impulsive sell-off into Monday brought the asset back to a crucial…
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Nearly $3 billion in Bitcoin and Ethereum options contracts are set to expire on Friday, potentially triggering short-term volatility and influencing market sentiment. Traders should prepare for possible price swings and increased market activity. Approximately $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts are expiring before the start of the weekend. This significant event could lead…
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Bitcoin price resumed its upward trend this week as it crossed the important resistance at $97,000 and reached its highest level since February. Bitcoin was trading around $96,500 at last check Saturday. That’s up 30% from the lowest in April. This article looks at some of the top three reasons it may surge to a new…
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For the first time in seven weeks, Bitcoin has surpassed $93,000, triggering a sentiment shift that resulted in more than $600 million in crypto market liquidations. As of press time, Bitcoin btc5.99%Bitcoin is trading at $93,069, up 5% in the last 24 hours. Ethereum eth10.01%Ethereum has jumped 12% to $1,768 while Solana sol8.39%Solana is up 7% at $149. The cryptocurrency market’s…
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