Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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South Korea’s national pension fund buys $34M of MicroStrategy shares

The National Pension Service, South Korea’s national pension fund, has reported purchases of nearly $34 million in MicroStrategy shares.

NPS is South Korea’s largest public pension fund and the third-largest in the world with over $729 billion worth of assets.

Wu Blockchain shared the news via X:

Details filed with the US Securities and Exchange Commission indicate the NPS acquired 245,500 of MicroStrategy shares at a total of $33.5 million. The filing relates to the fund’s investments in the quarter ending June 30, 2024.

According to news outlet Infomax, the National Pension Service’s investment in shares of the US-based MicroStrategy accounts for 0.04% of the fund’s total investment in US stocks.

Apart from MSTR, the fund also holds more than $51 million in Coinbase shares, $31.5 million in Roblox and over $61 million in shares of Block, Inc. The fund also holds shares of AI-chip powerhouse Nvidia, and tech giants Google and Microsoft.

MicroStrategy shares up 92% YTD

While the MicroStrategy stock has plummeted 20% as the crypto market struggles with choppy conditions. Despite falling from highs of $180 in mid-July to currently around $131, MSTR remains more than 92% up year-to-date.

MicroStrategy, as well as top crypto related companies such as Coinbase, are largely bullish amid growth and projections for Bitcoin. For Michael Saylor-led MicroStrategy, part of the success has come after adopting the strategy of adding BTC to its balance sheet.

MSTR has soared alongside Bitcoin since MicroStrategy first bought BTC in 2020, the latest surge coming amid Bitcoin’s push to reclaim $60k.

Saylor said in a recent post on X that MSTR has outperformed 499 of the 500 stocks in the S&P 500.

The company acquired an additional 12,222 BTC in Q2, 2024, adding more than $805 million in BTC to its haul. Currently, MicroStrategy holds 226,500 BTC worth over $13 billion.

The post South Korea’s national pension fund buys $34M of MicroStrategy shares appeared first on CoinJournal.

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After raising over $13M in presale Bitcoin Dogs will list on three exchanges on August 21

  • Bitcoin Dogs raised over $13M in presale.
  • The 0DOG token will be listed on Gate.io, MEXC Official, and Unisat Wallet on August 21.
  • The token claims will open on the same day when the token gets listed on the three exchanges.

Bitcoin Dogs Club has announced the official listing of its 0DOG token on three major exchanges, following a successful presale that raised over $13.496 million.

The highly anticipated exchange listing is set for August 21, 2024, and marks a significant milestone for the innovative project that combines the appeal of blockchain technology with the excitement of canine-themed digital assets. Investors and enthusiasts alike are gearing up for this momentous occasion, as Bitcoin Dogs prepares to make its mark in the crypto world.

The crypto community has shown great interest in Bitcoin Dogs

Bitcoin Dogs Club concluded its presale phase with remarkable success, accumulating $13,496,294.3.

The presale success underscores the strong interest and support from the crypto community for the project, which is distinguished by its unique integration of blockchain and canine-themed elements.

The presale not only highlights the enthusiasm surrounding Bitcoin Dogs but also sets the stage for its upcoming market debut.

Listing on Gate.io, MEXC Official, and Unisat Wallet

The announced listing on three prominent exchanges: Gate.io, MEXC Official, and Unisat Wallet on August 21 further represents a significant opportunity for the $0DOG token, offering access to billions in daily trading volume and millions of users globally.

The strategic choice of exchanges reflects Bitcoin Dogs’ commitment to broadening its market reach and providing ample liquidity for its tokens.

The listing will mark the beginning of a new chapter for Bitcoin Dogs, as the project transitions from its presale phase to active trading.

The token claim process will also be available on the same day, allowing presale participants to access their tokens. This move is anticipated to generate substantial interest and trading activity, positioning Bitcoin Dogs as a prominent player in the crypto space.

What sets Bitcoin Dogs apart”

Bitcoin Dogs is not just another cryptocurrency project; it’s an innovative blend of blockchain technology and canine culture. As the first-ever ICO on the Bitcoin blockchain, Bitcoin Dogs combines the traditional appeal of cryptocurrencies with a unique twist that appeals to both crypto enthusiasts and dog lovers.

The project features a metaverse called the Dogaverse, where users can engage in various activities, including gameplay and NFT trading, all centred around a canine theme.

The project’s presale tokenomics were designed to attract and reward early supporters. With a total supply of 900 million $0DOG tokens, 90% were available for purchase in the presale, with prices escalating every three days during the sale period.

Looking ahead, Bitcoin Dogs has laid out an ambitious roadmap that includes several key milestones. In Q1 2024, the project planned to debut its NFT collection and initiate token staking. The beta version of the Bitcoin Dogs Game was also introduced, setting the stage for a full game launch in Q3 2024.

The roadmap further outlines the introduction of multi-chain support and governance voting by Q4 2024, with plans for metaverse expansion and partnership growth in early 2025.

The upcoming exchange listings represent a pivotal moment for Bitcoin Dogs, positioning the project for increased visibility and engagement within the crypto community.

As August 21 approaches, all eyes will be on Bitcoin Dogs as it embarks on this exciting new phase, promising to bring innovation and excitement to the world of blockchain and cryptocurrency.

For more information on how to claim and trade the 0DOG token, you can visit the official Bitcoin Dogs Club website here.

The post After raising over $13M in presale Bitcoin Dogs will list on three exchanges on August 21 appeared first on CoinJournal.

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Crypto price prediction: Sui, Bitcoin, Poodlana

SUI’s bullish momentum has has boosted it to the day’s top gainer among cryptos as Bitcoin struggles to break the crucial zone of $60,000. Meanwhile, Poodlana has meme coin traders at the edge of their chairs with less than 100 hours to go before it hits the public shelves.

SUI is the day’s top gainer

Among the trending cryptocurrencies in the new week is SUI. As at the time of writing, it was the top gainer among cryptocurrencies with its price up by 20.52% in the past 24 hours as indicated by CoinMarketCap. Notably, it has maintained this impressive momentum for days; having risen by 118.82% in the past 7 days.

Bull traders’ optimism has continued to boost the altcoin following Grayscale Investments’ announcement on 7th August. While launching two new investment trusts for Sui (SUI) and Bittensor (TAO) tokens, the firm’s head of product & research, Rayhaneh Sharif-Askary stated, “We are excited to add Bittensor and Sui to our product suite, and believe Bittensor is at the center of the growth of decentralized AI, while Sui is redefining the smart contract blockchain”.

A look at its daily price chart shows SUI above the 50-day EMA and an RSI of 68. Besides, it has risen past the descending channel; aspects that point to a strong bullish trend. In the short term, it will likely be range-bound between 1.1360 and 0.9710 as bulls gather enough momentum to retest June’s high at 1.1785. On the flipside, a pullback past the aforementioned support level may have it drop to 0.8858 before rallying further.

Poodlana’s pre-sale is in its last 100-hour leg

While SUI has been one of the trending cryptos in recent sessions, a greater hype lies in one of the newest projects – Poodlana. Indeed, with all the facts and excitement around it, it may end up being the biggest Solana listing of 2024; possibly even outperfoming Dogecoin.

With less than 100 hours to go before the presale ends, the project has already raised $6.76 million. In addition to the popularity of meme coins, POODL’s status has largely been boosted by its association with luxury. It is named after the Poodle; a dog breed associated with luxury fashion especially in Asia. Besides, it has packaged itself as The Hermes of Crypto.

Notably, Poodlana buyers are optimistic that it will continue on an uptrend once it starts trading an hour after the end of its presale. Granted, those buying at its current price of $0.0499 already have gains locked with the next stage price set for $0.0539. This means that with a modest investment of $150, you get 3,006 tokens. In the next 20 hours, that will equate to 2,782 tokens; a significant difference, right? You can learn more about Poodlana token here.

Bitcoin struggles around $60,000

While the extreme fear experienced a week ago appears to have eased, the hesitance is still pulpable. As such, Bitcoin is struggling to break past the $60,000 zone in this week’s first trade session.

On a daily chart, it continues to trade below the 25 and 50-day EMAs. This substantiates last week’s outlook of a dead cat bounce. In the short term, the range between 57,121 and 61,925 is worth watching.

 

The post Crypto price prediction: Sui, Bitcoin, Poodlana appeared first on CoinJournal.

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Marathon Digital to raise $250M through convertible senior notes for Bitcoin purchase

  • Marathon Digital plans to raise $250M via convertible senior notes for Bitcoin buying.
  • The funds will also support corporate initiatives, including debt repayment and expansions.
  • The company holds over 20,800 BTC, worth $1.2B, more than double its nearest competitor.

Marathon Digital, a leading Bitcoin mining company, has announced plans to raise $250 million through a private offering of convertible senior notes, aimed at increasing its Bitcoin (BTC) holdings and funding general corporate purposes.

The notes, which will be offered exclusively to qualified institutional buyers, will pay interest semi-annually and are set to mature on September 1, 2031. The specific interest rate and conversion rate will be determined during the pricing process.

The raised funds will not only be used to purchase more Bitcoin but also to support various corporate initiatives, including working capital, strategic acquisitions, expansion of existing assets, and debt repayment.

Marathon Digital’s move shows confidence in Bitcoin

This move comes as Marathon Digital continues to solidify its position as the largest Bitcoin miner globally.

The company currently holds over 20,800 BTC, valued at approximately $1.2 billion, which is more than double the amount held by its closest competitor, Hut 8.

Marathon has been actively increasing its Bitcoin reserves, adding more than $124 million worth of the cryptocurrency in July 2024 alone.

Despite a significant price drop at the beginning of August, Bitcoin has shown resilience, rebounding and trading above $60,000, marking a 16% increase in the last seven days and Marathon’s aggressive acquisition strategy underscores its confidence in Bitcoin’s long-term potential and stability.

Marathon’s commitment to increasing its Bitcoin holdings highlights the growing trend of companies integrating cryptocurrencies into their balance sheets, reflecting broader confidence in the future of digital assets.

As large institutional players like Marathon continue to accumulate Bitcoin, the trend is seen as a bullish signal for the market, potentially influencing other investors to follow suit.

The post Marathon Digital to raise $250M through convertible senior notes for Bitcoin purchase appeared first on CoinJournal.

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Coinbase and MicroStrategy climb as Bitcoin reclaims $59k

  • Coinbase and MicroStrategy stocks rose 6% and 7% respectively as Bitcoin surged to above $59,000.
  • Analysts say crypto markets may be choppy amid potential bearish catalysts.

Coinbase and MicroStrategy stocks have climbed more than 6% each on Aug. 8 (as of 2 pm ET), gains that come as the price of Bitcoin broke above $59,000.

The Coinbase (COIN) stock traded around $192.30 while MicroStrategy’s MSTR hovered near $134. 23.

Read more: Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B

Bitcoin’s surge sees it extend recent momentum since reclaiming support above $50,000. According to data on CoinGecko, the flagship cryptocurrency is up 7% in the past 24 hours. Losses over the past week have shrunk to about 5%.

Amid this, crypto analyst Ali Martinez says long-term holders have aggressively bought the recent dip.

Short term outlook

This positive movement for BTC comes as XRP led the crypto market higher after the latest court ruling in the Ripple vs. SEC case. XRP traded to above $0.63 to help Stellar (XLM) and other altcoins higher. Ethereum also breached the $2,600 mark.

However, XRP is poised at a key resistance zone and Ethereum may yet have to battle bearish pressure from potential selling.

“There is a potential cap on the topside in the near term with Jump Trading continuing its ETH liquidations (21,394 $wstETH ~$63.6M left) and Plus Token Ponzi 2 ETH wallets moving a total of 25,757 ETH ($63.1M) in the last 30 hours,” analysts at QCP Capital wrote.

The broader market is also still largely tinged with caution as analysts point to jitters around the global macro environment and geopolitical tensions in the Middle East. In this case, crypto could still see a retreat amid a choppy month or so.

The post Coinbase and MicroStrategy climb as Bitcoin reclaims $59k appeared first on CoinJournal.