Bitcoin miner MARA has secured a deal for a Texas wind farm, while the AI-driven cryptocurrency iDEGEN (IDGN) is gaining traction ahead of its presale conclusion on February 26, 2025. With over $2.3 million raised, iDEGEN’s unconventional launch strategy has sparked interest, positioning it for potential exchange listings and significant price increases post-presale. The token is currently priced at $0.0314, with expectations of reaching $0.038 before the sale ends.
read moreAtlas Mara Limited
0 in Finance and 0 in Crypto last week
Hearing Scheduled to Address Impact of Operation Choke Point 2.0 on Crypto
The U.S. House Committee on Financial Services will hold a hearing on February 6th to investigate the alleged negative impacts of “Operation Choke Point 2.0,” which critics claim aims to suppress the crypto industry. Key witnesses include Coinbase’s chief legal officer Paul Grewal and MARA’s CEO Fred Thiel, who will discuss claims of government efforts to undermine crypto activities, including allegations of the FDIC destroying relevant documents. Senator Cynthia Lummis has raised concerns about whistleblower accounts of FDIC officials monitoring and restricting access to these materials.
read moreBitcoin Rally Predicted in Q1 2025 Amid US Fed Liquidity Injections
Arthur Hayes predicts a potential Bitcoin rally in Q1 2025, driven by the US Federal Reserve’s plan to inject $612 billion into the economy following Donald Trump’s inauguration. Despite recent volatility and concerns over regulatory progress, Hayes suggests that increased liquidity could boost BTC prices, although caution remains among analysts regarding bearish patterns and interest rate delays. Meanwhile, institutional interest in Bitcoin is rising, highlighted by record inflows into US spot Bitcoin ETFs.
read moreBitcoin Rally Faces Challenges Ahead of January FOMC Meeting
Bitcoin has surged 47% since Donald Trump’s election victory, reaching around $99,700, but analysts warn that momentum may stall ahead of the January FOMC meeting. While a favorable CPI report could boost optimism, the Fed’s interest rate decisions remain a significant risk to BTC’s bullish trend. Institutional interest is rising, with notable inflows into Bitcoin ETFs and increased reserves from major mining firms.
read moreMARA Expands Bitcoin Lending and Achieves 50 Exahashes Per Second
Mining company MARA lent out 7,377 BTC in 2024, focusing on short-term arrangements with established third parties to generate income for operating expenses. The company achieved a hashrate of 53.2 EH/s and acquired 22,065 BTC, raising $1.9 billion through convertible note offerings to bolster its treasury. MARA’s strategy has garnered attention, with expectations of joining the Nasdaq 100 index.
read moreKULR Technology Acquires 21 Million Dollars in Bitcoin for Corporate Treasury
KULR Technology has initiated a Bitcoin treasury strategy by purchasing $21 million worth of Bitcoin, acquiring 217.18 BTC at an average price of $96,556.53 each. The firm plans to allocate up to 90% of its surplus cash for ongoing BTC purchases, with Coinbase providing custody services. This move follows a trend among companies like MicroStrategy and Rumble, which have also embraced Bitcoin as part of their corporate treasury strategies.
read moreMARA Expands Bitcoin Portfolio with 1.5 Billion Dollar Purchase
MARA has significantly increased its Bitcoin holdings through a substantial acquisition worth $1.5 billion. This strategic move underscores the company’s commitment to expanding its presence in the cryptocurrency market. The acquisition reflects a growing trend among firms to invest heavily in digital assets.
read moreMARA Increases Bitcoin Holdings by 1.5 Billion Dollars in Recent Acquisitions
MARA has acquired $1.5 billion in Bitcoin over the past two months, boosting its holdings to 44,394 BTC, a nearly 200% increase since the start of 2023. The purchases were financed through two convertible note offerings, raising $1.925 billion, with significant investments made at an average price of $98,529 per coin. Other miners, including Hut 8 and Riot Platforms, have also increased their Bitcoin acquisitions in December.
read moreBitcoin Miners MARA and Hut 8 Increase Holdings with Major Purchases
Bitcoin mining companies MARA and Hut 8 have significantly increased their Bitcoin holdings, with MARA purchasing a total of 15,574 BTC for approximately $1.53 billion, raising its treasury to 44,394 BTC valued at over $4.4 billion. Hut 8 added 990 BTC for about $100 million, bringing its total to 10,096 BTC. Both firms rank among the top six publicly traded companies by Bitcoin holdings, despite recent market declines affecting their stock prices.
read moreMARA Acquires Over 1.5 Billion Dollars in Bitcoin Through Convertible Notes
MARA has acquired over $1.5 billion in Bitcoin in the past two months, funded by two convertible note issuances. This has increased its holdings by more than 50% this quarter and nearly 200% year-to-date, bringing its total to 44,394 BTC valued at approximately $4.45 billion. The company plans to use remaining proceeds from the notes for further Bitcoin purchases.
read more