Bitcoin’s average acquisition cost hit $40.9K record high in 2024
Some of the industry’s leading innovators, including Adam Back, say that Bitcoin’s “floor price” is above $40,000. Source link
Singapore-based BitFuFu plans Oklahoma Bitcoin mining acquisition to expand in North America
Bitmain-backed crypto mining firm BitFuFu has announced plans to expand into North America with the acquisition of a 51-MW Bitcoin mining facility in Oklahoma. Bitcoin (BTC) mining firm BitFuFu has announced plans to buy a majority stake in a mining facility in Oklahoma in a bid to expand its North American operations. In a Jan. […]
Osprey Funds to convert Bitcoin Trust into ETF as Bitwise acquisition talks end
United States-based Osprey Funds is gearing up to convert its Bitcoin trust into an exchange-traded fund after an acquisition deal with Bitwise fell through. The investment management firm said in a Jan. 14 statement that it would file a Form S-1 with the U.S. Securities and Exchange Commission “as soon as practicable” to convert the […]
Backpack addresses controversy over FTX EU acquisition and customer funds
Cryptocurrency exchange Backpack issued a statement addressing controversy surrounding its purchase of FTX EU. Questions about the sale of FTX EU and who’s responsible for customer funds have sparked a response from Backpack Exchange, after the FTX estate’s statements left some confusion. The issue seems to be around conflicting claims about who owns FTX EU […]
Hut 8 surpasses $1B in Bitcoin holdings after $100M acquisition
Hut 8 has acquired 990 Bitcoin for $100 million, boosting its total BTC holdings to over $1 billion as institutional adoption of cryptocurrency accelerates. Source link
