US Representative David P. Joyce has introduced a bill requiring the Treasury Department to study the feasibility of a federal Strategic Bitcoin Reserve and a broader digital asset stockpile. The legislation, which must be approved by the full House and Senate, directs the Treasury to report on how it wouldContinue Reading
Michael Saylor’s Strategy purchased 1,955 Bitcoin for US$217.4 million at an average price of US$111,196 per coin, maintaining their aggressive accumulation strategy. Metaplanet’s CEO Simon Gerovich announced the acquisition of another 136 Bitcoin worth US$15.2 million, bringing their total holdings to 20,136 BTC. Hong Kong crypto exchange Hashkey launched “Asia’sContinue Reading
Bitcoin reached an all-time high of US$124,457 on Thursday before experiencing a sharp 5% drop to US$117,477 within hours on Friday morning. The price correction occurred after US Treasury Secretary Scott Bessent stated in a CNBC interview that America wouldn’t purchase Bitcoin for its strategic treasury. Crypto commentators criticised theContinue Reading
