The U.S. Government Is One Step Closer To Holding 1 Million
Nov 11, 2024 · Senator Lummis' BITCOIN Act mandates that the U.S. hold 1 million bitcoin within the next four years, and is likely to come to a vote early in 2025.
Bitcoin Is Luring More Companies and Their Cash
1 day ago · On Nov. 26, Banzai announced that it would spend up to 10 percent of the funds it held in its corporate treasury on Bitcoin. (The company reported $4.3 million in cash in its latest quarterly ...
US Treasury Acknowledges Bitcoin as ‘Digital Gold’ in Fiscal Report
Dec 7, 2024 · The U.S. Treasury’s Fiscal Year 2024 Q4 Report describes how “digital assets have witnessed rapid growth albeit from a small base,” highlighting bitcoin’s “primary” function as a “store-of-value.” On Saturday, enthusiasts on X buzzed over the …
Bitcoin drops below $98,000 as Treasury yields pressure risk assets
1 day ago · Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly. The price of the flagship cryptocurrency was last lower by 4.8% at $97,183.80, according to Coin Metrics.
Microsoft’s Surprising Stance on Bitcoin as a Treasury Asset – …
Oct 25, 2024 · Advanced by the National Center for Public Policy Research, the proposal casts bitcoin (BTC) as a possible hedge against inflation. The proposal suggests Microsoft could boost its treasury diversification by placing at least 1% of its total assets in bitcoin.
The Next Wave of Corporate Bitcoin Adoption Seems to Be on Its …
2 days ago · News. Markets. Finance. Policy. Tech. Learn. Opinion. Consensus Magazine. Video. ... The third company to have approved a $1 million bitcoin treasury strategy is Nasdaq-listed LQR House (YHC). On ...
US Treasury | Bitcoin is “Digital Gold” | 2024 Q4 Report
Dec 9, 2024 · In a big win for the scarce digital asset, the US Department of the Treasury has officially referred to Bitcoin as “digital gold” in their fiscal year 2024 Q4 report. This is a major step in recognizing bitcoin as a store of value in the decentralized finance (DeFi) space.
Bitcoin (BTC) Treasury Proposal at Microsoft (MSFT) Voted Down
Dec 10, 2024 · Microsoft shareholders voted against a proposal that would have directed the company board to consider adding bitcoin to the firm's treasury holdings. The National Center for Public Policy...
KULR Technology launches Bitcoin treasury with $21M purchase
Dec 26, 2024 · New York Stock Exchange-listed KULR Technology Group has announced the acquisition of 217.18 Bitcoin (BTC) for approximately $21 million, marking the launch of its Bitcoin treasury. According...
Amazon Bitcoin Treasury: Shareholder Push Toward Bitcoin
Dec 9, 2024 · Shareholders propose allocating part of Amazon’s $88 billion cash reserves to Bitcoin as a hedge against inflation. Similar proposals are under review at Microsoft and other firms, signaling growing interest in BTC adoption. Critics argue Amazon's cash flow needs make Bitcoin adoption challenging, while advocates see massive potential gains.