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Strategy reports $8.2 billion second-quarter loss on bitcoin valuation

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Strategy Inc. reported a net loss of $8.2 billion for the second quarter, as changes in the market value of its Bitcoin holdings weighed on earnings under fair-value accounting rules. The company, which has transformed itself from an enterprise software provider into the largest corporate holder of Bitcoin, said it continues to view the cryptocurrency as its primary treasury … [Read more...] about Strategy reports $8.2 billion second-quarter loss on bitcoin valuation

MetaMask adds native bitcoin support in major multichain expansion

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MetaMask has rolled out native Bitcoin support, allowing users to buy, send, receive, and manage BTC directly within the popular crypto wallet. With the update, Bitcoin can now be held and traded alongside assets on Ethereum, Solana, Monad, and Sei, marking a significant expansion beyond MetaMask’s Ethereum roots. … [Read more...] about MetaMask adds native bitcoin support in major multichain expansion

Texas becomes first U.S. state to purchase bitcoin for strategic reserve

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Texas has officially become the first U.S. state to acquire Bitcoin for a government strategic reserve, purchasing $5 million worth of the digital asset on November 20 at roughly $87,000 per BTC. The move was confirmed by Lee Bratcher, president of the Texas Blockchain Council, who said the initial allocation was executed through BlackRock’s iShares Bitcoin Trust (IBIT) while … [Read more...] about Texas becomes first U.S. state to purchase bitcoin for strategic reserve

Trump Media raises $2.5 billion to build one of the largest corporate bitcoin treasuries

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In a landmark move signaling its commitment to cryptocurrency, Trump Media and Technology Group, the operator of Truth Social, Truth+, and Truth.Fi, has announced a private placement offering that will raise approximately $2.5 billion to establish a significant Bitcoin treasury. The deal, one of the largest Bitcoin treasury acquisitions by any public company, underscores Trump … [Read more...] about Trump Media raises $2.5 billion to build one of the largest corporate bitcoin treasuries

Arizona advances crypto integration with bitcoin reserve law

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Arizona has solidified its position as a trailblazer in the realm of digital assets by becoming the second U.S. state to enact a bitcoin reserve bill into law, following New Hampshire's recent legislative move. Governor Katie Hobbs signed House Bill 2749 on Wednesday, paving the way for the establishment of a crypto reserve fund. The legislation, championed by Representative … [Read more...] about Arizona advances crypto integration with bitcoin reserve law

Swiss central bank rejects Bitcoin as reserve asset, citing volatility

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The Swiss National Bank (SNB) has no plans to hold Bitcoin as a reserve asset, according to its president, Martin Schlegel. Speaking on March 1, 2025, Schlegel dismissed the idea of incorporating the world’s largest cryptocurrency into Switzerland’s official reserves, citing concerns over volatility and its lack of suitability (stability, liquidity, and security) as a monetary … [Read more...] about Swiss central bank rejects Bitcoin as reserve asset, citing volatility