Bitcoin had quite the week, with big money moving in, experts clashing, and politics mixing with crypto. First, let's talk money. Strive, Inc. , a company all about Bitcoin, just got a huge $37 million boost from a Canadian pension fund. That's a lot of cash! Now, the fund owns a big chunk of Strive's shares. This shows that even big, serious investors are starting ...
The Scaramucci family has put over $100 million into American Bitcoin, a mining company with ties to former President Donald Trump’s sons. This investment came through Solari Capital, a firm started by AJ Scaramucci, which led a $220 million funding round back in July. The company went public later in September through a reverse merger, but the investors were not rev...
A major Canadian pension fund has made a significant investment in Strive, a company focused on Bitcoin. The Healthcare of Ontario Pension Plan Trust Fund now owns over 5% of Strive's shares, worth about $37 million. This investment shows growing interest in Bitcoin from big institutions. Strive is a unique company. It holds a large amount of Bitcoin, making it one ...
Investing in Strategy, a company heavily invested in Bitcoin, is like riding a rollercoaster. The stock's value goes up and down with Bitcoin's price. Citi, a major bank, thinks Strategy's stock could be a good buy, setting a target of $485 per share. But they also warn that it's a risky bet. Strategy's stock has taken a hit recently. It closed at $302 per share on ...
The world of cryptocurrency is buzzing with a new trend: publicly traded companies are snapping up bitcoin like there's no tomorrow. This isn't just a few companies dabbling in digital currency. It's a full-blown shift in how some businesses are thinking about their finances. Take Truth Social, for example. This media company, backed by former President Trump, is pla...
Trump Media & Technology Group has made a bold move. The firm is seeking to gather 2. 5 billion dollars from big investors. This money will be used to buy Bitcoin. This step shows that the company is shifting its focus from social media to financial services and cryptocurrency. The company plans to get 1. 5 billion dollars by selling around 58 million shares to a...
The Trump family, known for their diverse business ventures, has recently set their sights on the cryptocurrency market. They are not just dabbling in it; they are going all in. The Trump Media and Technology Group (TMTG) has secured a significant amount of funding to build up a substantial bitcoin reserve. This move puts them in direct competition with other compani...
The largest bank in the US is making a surprising move. Jamie Dimon, the CEO of JPMorgan Chase, has done a complete 180 on his stance towards bitcoin. This news came out during the bank's annual investor meeting. Dimon is known for his strong opinions, and he has been quite critical of bitcoin in the past. He has even called it "worthless" and compared it to a "p...
Imagine jumping into the Bitcoin world with just $50 in 2022. That's what happened here! Let's see how that investment fared over the next three years. First, a quick backstory. PayPal decided to allow Bitcoin transactions. So, on a cold January morning in 2022, our investor decided to give it a shot. Not the full PayPal balance of $64, but a more sensible $50 (plus...
Retail investors have been busy snapping up bitcoin and gold before the upcoming U. S. presidential election, expecting potential benefits if former President Trump wins. According to a report from JPMorgan, these investors are part of the "debasement trade, " where they buy these assets to hedge against fiscal and monetary policies that might weaken the dollar and r...