#BTC

With more than 1.5% of all Bitcoin ever mined on its balance sheet, MicroStrategy has entered the prestigious list of the top 100 largest public companies in the U.S. by market capitalization, claiming the 97th position.

Republican Senator Cynthia Lummis has proposed a bill that would allow the U.S. to partially sell its gold reserves to invest in Bitcoin. The plan is for the U.S. to acquire 1 million BTC — about 5% of its total supply. At current market prices, such a purchase would cost approximately $90 billion..

On November 12, Bitcoin surged toward the $90,000 mark, though it hadn't crossed it at the time of this writing. That day, BTC's market cap also surpassed that of silver, which is valued at around $1.72 trillion.

On November 7, U.S. spot Bitcoin ETFs reached a new milestone with net inflows totaling $1.38 billion in a single trading day, as reported by SoSoValue. This surge was largely driven by BlackRock's iShares Bitcoin Trust, which alone brought in $1.12 billion.

The leading cryptocurrency, Bitcoin, has reached a new all-time high of $75,000.

On November 4, 2024, Semler Scientific—a leader in developing and marketing technology solutions for healthcare providers managing chronic conditions—announced its Q3 financial results.

On November 1, the U.S. Bureau of Labor Statistics released its October 2024 employment update, which sent ripples through the Bitcoin market. The unemployment rate remained steady at 4.1%, in line with expectations.

According to analytics platform Arkham, the Bhutanese government transferred $66 million in Bitcoin to Binance today as BTC prices topped $70,000. This transaction leaves the small Asian country with approximately 12,456 BTC ($889 million).

Ilya Lichtenstein, who hacked the Bitfinex cryptocurrency exchange and laundered 119,754 BTC (now valued at approximately $10.5 billion), received a five-year prison sentence instead of the potential twenty, thanks to his collaboration with authorities. At the time of the hack, the stolen assets were valued at $71 million.

The wealth of prominent crypto entrepreneurs saw a sharp increase following Donald Trump’s recent election victory, as shares in cryptocurrency companies rallied in anticipation of the newly elected U.S. President's promised pro-digital assets policies.

Faced with mounting competition in Bitcoin mining, Michael Novogratz’s Galaxy Digital is redirecting its focus. The company is now eyeing alternatives that could promise higher revenue streams.

Cartwright, a large pension advisor in the UK, announced allocating 3% of its assets to Bitcoin. This is a first-of-its-kind Bitcoin investment move by pension specialists in the country.

Defunct crypto exchange Mt. Gox transferred over 32,000 Bitcoins valued at around $2.2 billion to unknown wallets, data from blockchain analysis platform Arkham Intelligence shows.

German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.

BitMEX co-founder Arthur Hayes recently released an essay titled “Let’s Go Bitcoin”, where he addresses China’s economic challenges and anticipated shift to monetary easing, suggesting that this could lead to a significant BTC price increase.