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Brazilian fintech company Méliuz announced Thursday it had allocated 10% of its cash reserves into bitcoin, becoming the first publicly traded firm in the country to adopt a bitcoin treasury strategy. Méliuz invested $4.1 million to acquire 45.72 bitcoins at an average price of $90,926 per coin. The purchase represents roughly 10% of the company’s…
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The U.S. would be in a better position today if Washington had held onto its seized Bitcoin, according to White House Crypto and AI Czar David Sacks. In a Thursday post on X, formerly Twitter, the South African-American entrepreneur said that “it has cost American taxpayers not to have a long-term strategy.” According to Sacks’…
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Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF). El Salvador struck a $1.4 billion loan deal with the IMF in January on the condition that it walk back Bitcoin (BTC) adoption and…
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The total cryptocurrency market valuation grew by $175 billion, rising 6% ahead of the White House Crypto Summit. Bitcoin price faces stiff resistance at $93,000 as traders lean towards altcoins with high-volatility potential. XRP price broke above the $2.50 resistance on Thursday after a week-long consolidation phase. The market cap of crypto AI tokens increased…
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As Bitcoin gains mainstream acceptance, nations and institutions are beginning to treat it as more than just a speculative asset—with some looking to stockpile it as a strategic reserve, much like gold. A strategic Bitcoin reserve is a stockpile of BTC held by an entity, such as a government or institution, for strategic or financial…
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JPMorgan doesn’t expect a big move higher in crypto in the near future. Cryptocurrencies including bitcoin rallied to start the week following a social media update by President Donald Trump on the widely expected bitcoin stockpile, which has become a “strategic crypto reserve.” Those gains quickly reversed as part of a broader sell-off on tariff…
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Brazilian fintech unicorn Meliuz said on March 6 that it has begun purchasing Bitcoin as part of a new treasury management strategy, joining a growing trend of traditional finance companies holding cryptocurrency assets. Meliuz, which provides cashback and financial technology services, announced its entry into the cryptocurrency market with its board of directors approving the…
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The crypto train keeps on chugging, as the United States, El Salvador, and Russia start making moves to establish their own cryptocurrency reserves. Bitcoin seems to be the hot coin to invest in right now. But other crypto coins could also benefit from the Bitcoin price going up, and the bullish love surrounding the market…
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U.S. President Donald Trump’s crypto reserve plan has rattled the market, with many questioning why Bitcoin isn’t the sole focus. According to Bitwise investment chief Matt Hougan, “Market participants have soured on the announcement because the proposed reserve holds more than Bitcoin.” Trump initially said the reserve would include Solana (SOL-USD), XRP (XRP-USD), and Cardano…