China News by Thebittimes.Com

Business Intelligence firm Strategy , the enterprise formerly known as MicroStrategy , said on Monday it had bought 13,390 Bitcoin for about $1.34 billion, paying an average $99,856 per coin. The disclosure, filed with the US Securities and Exchange Commission, landed hours after Bitcoin itself breached the psychologically important $100,000 mark for the first time since February. Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR $STRK $STRF https://t.co/oSXRMwiTkU — Michael Saylor (@saylor) May 12, 2025 The purchase lifts Strategy’s treasury to 568,840 BTC, worth roughly $59 billion at prevailing prices and more than the reserves of any other public company. Michael Saylor , the firm’s Executive Chair and chief evangelist for Bitcoin, said the latest tranche aims to “accelerate shareholder va...

Bitcoin held by listed companies surged more than 16% to 688,000 BTC in the first quarter, fueled by 12 new entrants, while Strategy and Metaplanet disclosed additional purchases yesterday. Bitwise said i n an April 14 post on X that listed companies added 95,431 BTC to their books in the last quarter. The total dollar value of the holdings increased by 2.2% to $56.7 billion with BTC trading at $82,445 at the time of the report. Twelve Firms Buy Bitcoin For The First Time In addition to the amount of Bitcoin held by publicly-traded companies increasing, the number of firms holding BTC also rose, Bitwise added.  In the first quarter of the year, 12 companies purchased the leading crypto for the first time, pushing the total number of corporate Bitcoin holders to 79. Hong Kong-based construction firm Ming Shing was the largest first-time buyer in Q1 of 2025 after it bought 833 BTC. Its holdings were accumulated through two purchases. The first, which saw the firm buy 500 BTC,...