Binance’s Zhao sparks debate over UAE’s $40b BTC holdings
Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation’s Bitcoin holdings. In a recent X tweet, Zhao shared an article claiming the United Arab Emirates holds $40 billion in Bitcoin (BTC). The figure immediately drew attention from industry observers, particularly crypto lawyer Irina Heaver. […]
MicroStrategy hits $40b in Bitcoin, Saylor draws criticism
A prominent investment expert has raised concerns about MicroStrategy’s aggressive Bitcoin accumulation strategy, even as the company’s holdings reach $40.01 billion. The warning comes as the company’s portfolio shows unrealized gains of 70.35% ($16.52 billion) on its total investment. Gavin Baker, managing partner and chief investment officer of Atreides Management LP, highlighted potential risks in […]
