Bitcoin Surges as U.S. CPI Data Impresses
By Kapil Rajyaguru
Strategy Announces Preferred Stock Offering to Fund Additional BTC Purchases…
Michael Saylor-led business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock, according to a filing with the US Securities and Exchange Commission (SEC).
Strategy is already the largest corporate holder of Bitcoin, and the proceeds from this offering are expected to fund further accumulation of the leading cryptocurrency.
As of the latest update by Bitcoin Treasuries, Strategy holds a Bitcoin balance of 499,096 BTC, which is approximately worth around $39.87 billion.
Tokyo-listed Metaplanet Adds 162 BTC To Company Treasury…
Tokyo-listed investment firm Metaplanet announced Wednesday that it has purchased an additional 162, bringing up its total holdings to 3,050 BTC, acquired at a cumulative cost of roughly $253.7 million, with an average purchase price of $83,180 per Bitcoin.
Metaplanet appears to be pressing on toward its goal of accumulating 10,000 BTC by the end of this year. It also said it targets to hold 21,000 BTC by the end of 2026.
El Salvador Buys the Dip: Adds 6 More BTC to Its Holdings…
El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This is occurring against a backdrop of increased pressure from the International Monetary Fund (IMF) to stop its BTC accumulation strategy.
This brings the country’s total Bitcoin reserves to 6,111.18, valued at approximately $493 million at current market prices.
US Senator Lummis Aims to Make Bitcoin a National Asset with 1mn BTC Reserve Bill…
Efforts to establish a U.S. Strategic Bitcoin Reserve have gained traction as Senator Cynthia Lummis reintroduces legislation directing the Treasury to accumulate 1 million BTC. The bill, originally proposed in 2024, outlines a five-year acquisition strategy funded by Federal Reserve transfers.
The bill directs the Treasury to allocate $6 billion annually from Federal Reserve remittances between 2025 and 2029 for Bitcoin purchases. It also involves the Federal Reserve’s gold certificates to back the initiative.
Bank of Russia to Allow Limited Bitcoin and Crypto Buying for Investors…
According to recent reports from Bloomberg sources, Russia is making moves that support Bitcoin and crypto adoption in the country. It has been just revealed that the Russian Central Bank allows investors to buy crypto in a controlled manner.
The most important points of the new crypto regulations include the following:
- Bitcoin and crypto are classified as property.
- Crypto mining and selling of crypto are exempt from VAT.
- Mining infrastructure operators have to report to the tax authorities issuing digital assets for the use of their services.
- Crypto obtained from mining operations is classified as non-monetary income.
Russia’s important move towards enhanced Bitcoin and digital assets adoption comes amidst global efforts to support the industry in the US and the EU as well. It remains to be seen whether Russia will also decide to establish a Strategic Bitcoin Reserve following in the USA’s footsteps.
South Korea to Release Institutional Crypto Investment Guidelines by Q3, FSC Confirms…
South Korea’s financial watchdog, the Financial Services Commission (FSC), announced on Wednesday its plans to release comprehensive guidelines for institutional crypto investment by the third quarter of this year.
According to the FSC, while guidelines for public companies and professional investors are expected by Q3, it aims to roll out guidance for non-profit organizations and crypto exchanges sooner, targeting April.
SEC Postpones Decision on XRP, Solana, Litecoin, and Dogecoin ETFs…
The U.S. Securities and Exchange Commission (SEC) has once again pushed back its decision on a series of exchange-traded funds (ETFs) tied to major altcoins, including XRP, Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE).
Despite the postponement, Bloomberg ETF analyst James Seyffart reassured the market that the delays are procedural rather than indicative of outright
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