Bitcoin Purchase | ForkLog

ForkLog 26 11.05.2025

Bitcoin Turns Deflationary Due to Strategy’s Acquisitions

The pace at which Michael Saylor’s firm, Strategy, is acquiring Bitcoin surpasses the rate at which miners produce new coins. This observation was made by CryptoQuant CEO Ki Young Ju. #Bitcoin is deflationary.@Strategy is buying BTC faster than it’s mined. Their 555K BTC is illiquid with no plans to sell. MSTR’s holdings alone mean a […]

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ForkLog 19 06.05.2025

Bernstein Forecasts Corporate Bitcoin Holdings to Reach $330 Billion

By 2029, corporations are expected to increase their holdings of digital gold to $330 billion, according to calculations by Bernstein, reports Decrypt. The lion’s share of purchases will be made by Strategy, while smaller players will attempt to emulate its business model. Strategy began acquiring the first cryptocurrency in 2020. Currently, its bitcoin position has […]

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ForkLog 24 02.05.2025

Strategy’s Losses Surpass $4 Billion Since Start of Year

Despite a 13.7% return on its Bitcoin holdings, Strategy fell short of analysts’ profit and loss expectations. According to the first-quarter report, the firm earned $5.8 billion from the leading cryptocurrency since the beginning of the year. Chief Financial Officer Andrew Kang announced an increase in annual targets: the portfolio’s return is expected to rise […]

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ForkLog 34 24.04.2025

Twenty One Capital Aims to Challenge Bitcoin Giants

Established by Cantor Fitzgerald, Twenty One Capital aims to challenge Strategy. The organisation’s capital fund will amount to 42,000 BTC (~$3.9 billion). Approximately 23,950 BTC will be provided by Tether, 10,500 BTC by Softbank, and 7,000 BTC by Bitfinex. These organisations have become co-founders of Twenty One Capital alongside Cantor Fitzgerald. In return, partners will […]

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ForkLog 23 22.04.2025

Experts Assess Strategy’s Bitcoin Purchases on Market Impact

The billion-dollar acquisitions of digital gold by Strategy have had minimal long-term impact on its price, according to a TD Cowen study, as reported by CoinDesk. On average, Strategy’s coin purchases account for about 3.3% of the weekly trading volume and are largely unaffected by price fluctuations, analysts noted. Excluding the eight weeks when the […]

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ForkLog 593 18.04.2025

Barry Silbert Reflects on Bitcoin Investment Strategy

Barry Silbert, CEO of Digital Currency Group (DCG), revealed that he could have significantly increased his wealth by simply holding onto the bitcoin he invested in early crypto projects back in 2012. The entrepreneur began purchasing digital gold in 2011 at $7-8 per coin. As the asset appreciated, he shifted his focus to seeking out […]

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ForkLog 28 15.04.2025

Bitcoin Holdings of Public Companies Surge by $57 Billion

The volume of the leading cryptocurrency on the balance sheets of public companies rose by 16% in the first quarter of 2025, according to analysts at Bitwise. Companies are buying bitcoin, Q1 2025 edition. pic.twitter.com/qZc62N8vu5 — Bitwise (@BitwiseInvest) April 14, 2025 The figure reached 688,000 BTC. Over three months, companies increased their reserves by 95,431 […]

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ForkLog 64 14.04.2025

Metaplanet Ascends to Ninth Largest Bitcoin Holder

Dubbed the “Japanese Strategy,” Metaplanet has acquired 319 BTC for $26.52 million, paying $83,147 per coin. *Metaplanet Purchases Additional 319 $BTC* pic.twitter.com/haBS1NjtwI — Metaplanet Inc. (@Metaplanet_JP) April 14, 2025 The firm’s total cryptocurrency holdings have reached 4525 BTC ($408.1 million) at an average acquisition cost of $90,194. The company’s bitcoin investment yielded a return of […]

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ForkLog 18 04.04.2025

Court Prohibits Genius Group from Acquiring Bitcoin

The New York District Court has temporarily barred the Singaporean AI firm Genius Group from expanding its Bitcoin holdings, according to a press release. The ruling is linked to a dispute over the unsuccessful merger between Genius Group and Fatbrain AI, which concluded in March 2024. The legal proceedings began in October 2024 when Genius […]

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ForkLog 22 02.04.2025

GameStop Secures $1.5 Billion for Bitcoin Acquisition

GameStop completed a $1.5 billion fundraising through the issuance of convertible bonds. A portion of the proceeds will be allocated to purchasing Bitcoin and for corporate purposes. The company’s management approved this strategy on March 25. According to a document filed with the SEC, GameStop initially aimed to raise $1.3 billion, but investors exercised the […]

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ForkLog 17 01.04.2025

Tether Acquires 8888 BTC, Bitcoin Reserves Reach $7.8 Billion

Tether, the issuer of the USDT stablecoin, purchased 8888 BTC for $734 million. This transaction aligns with the issuer’s strategy of regularly increasing reserves at the end of each quarter. At the time of writing, the total amount of digital gold on the company’s balance sheet reached 92,646 BTC. The unrealized profit amounted to approximately […]

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ForkLog 19 31.03.2025

A Quarter of S&P 500 Companies May Invest in Bitcoin by 2030

By 2030, a quarter of the companies listed in the S&P 500 are expected to incorporate the leading cryptocurrency into their balance sheets as a long-term asset. This prediction was made by Elliot Chun, a partner at the consulting firm Architect Partners. According to Chun, the growing interest in cryptocurrency is driven by pressure on […]

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