Strategy Reaches 3% Bitcoin Supply Mark
Happy Monday! The crypto market had an exciting weekend with Bitcoin surpassing $122,000 and Ether reaching $4,350 before a minor correction. In today’s news, Strategy marks its fifth anniversary since its first Bitcoin purchase, now nearly holding 3% of Bitcoin’s total supply with 628,946 BTC after acquiring 155 BTC for $18 million. This cements its position against 151 public companies with Bitcoin treasuries. BitMine also made headlines, amassing over 1.15 million ETH, making it the largest corporate Ethereum treasury worldwide, valued at approximately $4.9 billion, accounting for nearly 1% of the total Ether supply. Additionally, an Ethereum ICO participant sold 2,300 ETH worth nearly $10 million to Kraken, leaving a balance of 1,623 ETH. In other news, Rumble intends to acquire Northern Data for €1 billion ($1.17 billion), excluding its Bitcoin mining operations. There’s also an ongoing investigation involving a developer accused of aiding in the misuse of Ethereum. Stay updated with The Block’s daily digest, bringing you influential events in the digital asset ecosystem.
FAQ
❓ What is Strategy's total Bitcoin holding?
Strategy currently holds 628,946 BTC, approximately 3% of Bitcoin's total supply.
❓ How much ETH does BitMine possess?
BitMine has surpassed 1.15 million ETH, worth nearly $4.9 billion.
❓ What recent acquisition did Rumble announce?
Rumble announced a plan to acquire Northern Data for €1 billion ($1.17 billion).