Nasdaq-listed Heritage Distilling adopts Bitcoin strategy

  • Heritage Distilling Company has announced a Bitcoin treasury strategy
  • The Nasdaq-listed company will accept BTC for its products and services

Heritage Distilling, a publicly traded company listed on NASDAQ, is the latest to adopt Bitcoin as a reserve asset.

The distiller announced on January 10, 2025, that its board of directors had approved a proposal to add Bitcoin as a treasury asset. Heritage Distilling plans to accept Bitcoin payments for its products and services as part of the BTC treasury policy that will see the company acquire and hodl BTC.

“As noted in our policy statement, unlike traditional investors who purchase Bitcoin with cash and are immediately subject to potential pricing volatility, as a company producing goods for sale, acceptable margins between the retail price of our products and their cost of production is expected to offset potential fluctuations in the value of Bitcoin we accept as payment,” said Justin Stiefel, CEO of Heritage Distilling.

Stiefel added: “This provides us considerable financial flexibility as we develop product offerings for users and enthusiasts of Bitcoin.”

HDC board to approve BTC policy

Heritage’s technology and cryptocurrency committee is expected to outline a formal BTC treasury policy, which it will present to the company’s Board for approval. The next steps will see Heritage begin to accept, acquire, hold and use Bitcoin across its operations.

Bitcoin adoption as a treasury asset has gathered pace among public and private companies, the former led by MicroStrategy.

After acquiring over $100 million worth of BTC this week, MicroStrategy has increased its total Bitcoin holdings to 447,470 BTC. The company is the world’s largest corporate holder of BTC.

Other companies have drawn inspiration from the Michael Saylor-led US-listed company, many announcing Bitcon strategy policies in 2024. These include KULR Technology, Thumzup, and Genius Group, which announced on Jan. 10 that it had added $5 million BTC to its holdings.

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New crypto priced at $0.175 could beat Ethereum’s (ETH) 2017 bull run performance and reach $20

A $0.175 presale coin, Rexas Finance (RXS), is attracting much interest in the crypto scene. A growing number of analysts think it might copy or even outperform Ethereum’s (ETH) past bull run. During that remarkable rise, Ethereum jumped from about $10 to over $700, providing outstanding returns and confirming its position as among the most revolutionary initiatives in blockchain history. Early investors would see transforming results if Rexas Finance reached even a quarter of this performance.

Ethereum’s Historic Bull Run: A Gold Standard for Success

Ethereum surpassing and putting to shame standards in the crypto space was a revolution in the construction of that space. The entry of dApps and smart contracts was especially significant. This year ETH has seen accelerated growth in its market capitalization to the level of $70 billion from a mere $700 million a year ago.

Early Ethereum users profited roughly 7,000% after the platform switched its blockchain architecture. The success of Ethereum established a basis for many blockchain initiatives and continues to be a standard for what is achievable in the cryptocurrency field. With its original DeFi and blockchain invention method, Rexas Finance now seeks to replicate that degree of success.

Rexas Finance (RXS): The Token That Could Surpass Ethereum’s Legendary 2017 Bull Run

Rexas Finance is a decentralized finance (DeFi) ecosystem meant to transform sectors like real estate through blockchain tokenization, not just tokenization. Rexas Finance provides institutions and private investors with flawless transactions that appeal to security, efficiency, and openness. With its presale in stage 11 and tokens valued at $0.175, the initiative is rapidly gathering momentum. Rexas Finance has sold over 392.2 million tokens and raised more than $35.2 million thus far. This achievement emphasizes how ready the market is for creative and helpful blockchain solutions.

The hype around Rexas Finance comes from its ability to cause a historic price explosion. Analysts estimate RXS might reach $20, an 11,400% rise from its existing presale price. Market dynamics that enable creative blockchain ventures help justify this optimistic view. The growing acceptance of decentralized finance and Rexas Finance’s emphasis on practical uses like real estate tokenizing set the basis for rapid expansion. Once RXS lists on significant exchanges, limited tokens available and growing demand at every presale stage could help achieve notable appreciation.

The narrative of Ethereum teaches investors essential things. Early adopters who saw its promise before the 2017 gathering guaranteed significant gains since the platform transformed blockchain technology. Likewise, Rexas Finance allows investors to engage in creative initiatives early on. The similarities between Ethereum’s path and Rexas Finance’s present direction underline the need to move early to seize chances for significant growth.

Participating in the RXS presale is an easy way for early investors to buy tokens at a reasonable price before they appreciate much more. First, visit the official Rexas Finance website to ensure a safe transaction. Then, link the platform to your cryptocurrency wallet—perhaps MetaMask or Trust Wallet. Purchase RXS tokens with compatible cryptocurrencies like Ethereum (ETH) or USDT. After finishing the transaction, safely save your tokens in your wallet. This early-stage opportunity allows investors to profit from the predicted token increase during and after the presale.

Early investors in businesses with strong foundations and growth potential in the cryptocurrency market are rewarded. Rexas Finance offers a rare opportunity to enter for a presale price of $0.175, fitting this profile. Targeting a $20 price, there is an obvious possibility for exponential gains. Early involvement guarantees a lower price and lets investors profit from potential price swings during the following presale events and the exchange listing. Acting now helps investors take advantage of one of the most exciting prospects in the cryptocurrency sector.

Conclusion

Rexas Finance (RXS) is a revolutionary change in the world of cryptocurrencies. The project’s innovative approach to DeFi and tokenizing real estate has already made it a massive hit during its presale. Compared to Ethereum’s famous bull run in 2017, Rexas Finance has the potential for huge returns. Analysts think its price will rise to $20 from its present level of $0.175. The early buyers will make a lot of money from this chance. You can immediately get your tokens at a reasonable price if you act quickly. Join the trip toward what could be the next big cryptocurrency success story.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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Bitcoin Price Analysis: Economic Headwinds Push Price Lower

  • Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted.
  • Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern.
  • Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes.

Bitcoin’s price has fallen from a high of $102,667 reached on Tuesday, Jan. 7 to $94,890.00 as of publishing, but remains within the last H4 demand zone.

While the demand zone between $92,000 and $97,000 may be the last support level on the H4 timeframe, a broader market view shows that BTC is in a premium zone on the daily time frame, so a push below $92,000 still puts the price in bullish territory overall.

The best technical buy levels would be either at the last break of structure on the daily time frame or at the 50% Fibonacci level from the lowest point to the break.

There are two fair value gaps from which the price could react. While they are not major zones, they could support a continuation back to the external high at $108,000 or a brief relief rally before continued sell to the first probable support zone.

This is all predicated on Bitcoin breaking below the $91,000 level.

Meanwhile, spot crypto ETFs recorded outflows on Wednesday, Jan. 9 after the release of the Fed meeting minutes which shows that the Fed is cautious about inflation and the effects of Trump’s incoming policies.

BTC ETFs bled $568.8Mn on Wednesday while ETH ETFs lost $159.4Mn with the biggest outflows from Fidelity ($258.7Mn for BTC and $147.7Mn for ETH).

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Russia confiscates $10M Bitcoin from former law enforcement official

  • Russia seizes 2,718 Bitcoin worth $10M from ex-ICRF official.
  • The ex-official was involved in what has been termed the largest bribery case in Russia.
  • The confiscated bitcoins will be added to the state revenue.

Russian authorities have seized approximately $10 million worth of Bitcoin from Marat Tambiev, a former employee of the Investigative Committee of the Russian Federation (ICRF).

The seizure, reported by the local news agency TASS, involved the confiscation of 103 Bitcoin, stored in a Ledger Nano X hardware wallet, marking a significant moment in Russia’s handling of digital assets in legal contexts.

The largest bribery scandal in Russian history

Tambiev’s conviction stems from what has been described as the largest bribery scandal in Russian history, involving a staggering 2,718 BTC bribe, which was valued at around $258 million at the time of sentencing.

The Nikulinsky District Court of Moscow had previously ordered the seizure of 1,032 BTC from Tambiev in 2023, citing the assets as derived from unconfirmed income.

The case against Tambiev came to light after his arrest in March 2022, where investigators discovered the private keys to his Bitcoin wallet in a folder named “Retirement” on his laptop.

The source of the bribe was traced back to the Infraud Organization, a notorious hacker group. Members from Kazakhstan and Estonia allegedly bribed Tambiev in exchange for favourable judicial decisions, including efforts to halt their own criminal prosecutions and hide assets worth over $138 million in cryptocurrency.

This case not only showcases the scale of corruption within certain sectors of Russian governance but also reflects the country’s evolving stance on cryptocurrency.

The confiscated Bitcoin to be integrated into Russia’s state revenue

As part of the legal proceedings, the confiscated Bitcoin will now be integrated into Russia’s state revenue, a move that signals how the nation is dealing with digital currencies in official capacities.

This development comes as Russia is increasingly considering cryptocurrencies for international trade, especially as a means to circumvent Western sanctions.

The finance minister has indicated openness to using Bitcoin in foreign trade, showcasing a potentially dual approach to crypto — one of regulation and integration, alongside stringent action against its misuse in criminal activities.

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Rep. Senator Cynthia Lummis selected to chair crypto subcommittee

  • Republican Wyoming Senator Cynthia Lummis has been picked to chair the crypto subcommittee
  • Lummis, a crypto advocate, filed the Bitcoin Act of 2024 bill last month
  • Other Republican members of the crypto subcommittee include Senators Bernie Moreno from Ohio, Dave McCormick from Pennsylvania, Thom Tillis from North Carolina and Bill Hagerty from Tennessee

The US Senate Banking Committee is preparing to create its first-ever crypto subcommittee with Republican Wyoming Senator Cynthia Lummis set to chair it.

South Carolina Senator Tim Scott, the chair of the Senate Banking Committee, has prioritized creating the crypto subcommittee, and is aiming to copy the success of the House Financial Services Committee. Established by former North Carolina Congressman Patrick McHenry, the House Financial Services Committee introduced a crypto subcommittee in 2023.

Crypto-friendly Republican French Hill, who was voted in last year to chair the House Financial Services Committee, announced yesterday that Republican Bryan Steil is to lead the digital assets subcommittee.

Scott has, reportedly, picked Lummis – a crypto advocate – to chair the crypto subcommittee. This was first reported by Punchbowl News and later confirmed by FOX News. A vote is expected to take place in the next few days.

In July, Lummis filed legislation for a Bitcoin Act of 2024 bill, proposing a Bitcoin strategic reserve for the US.

An internal memo seen by FOX News shows that Republican members of the crypto subcommittee include Ohio Senator Bernie Moreno, Pennsylvania Senator Dave McCormick, Senator Thom Tillis from North Carolina and Senator Bill Hagerty from Tennessee.

It’s not known which Democratic Senators will join the crypto subcommittee; however, Massachusetts Senator Elizabeth Warren, known for being anti-crypto, is the top Democrat on the Senate Banking Committee.

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