European Bitcoin treasury company launches $20B Bitcoin strategy
The Blockchain Group targets up to 260,000 BTC by 2033 amid substantial investor backing.
Happy Saturday!
Europe takes center stage in the Bitcoin race as The Blockchain Group unveils a $20 billion plan to accumulate up to 260,000 BTC by 2033-potentially locking up 1% of the total supply and sending shockwaves through the market. Meanwhile, a dramatic crypto recovery unfolds as $7 million in stolen Bitcoin is frozen thanks to ZachXBT’s investigation and Binance’s swift action. And in mining, Riot Platforms posts record revenues but still faces a $296 million net loss, spotlighting the ongoing challenges in the sector. Catch up on the moves shaping today’s crypto landscape.
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The global crypto market cap is $3 trillion, with a 24-hour volume of $57.28 billion. The price of Bitcoin is $96,392.32, and BTC market dominance is 63.8%. The price of Ethereum is $1,834.39, and ETH market dominance is 7.4%. The best-performing sector is Fan, which gained 3%. The Crypto Fear & Greed Index is currently Greed (65).
📰 Top News
European Bitcoin treasury company launches $20B Bitcoin strategy
The Blockchain Group targets up to 260,000 BTC by 2033 amid substantial investor backing.
ZachXBT reveals $7M of the OG holder’s stolen Bitcoin was frozen with Binance’s help
Stolen Bitcoin partly frozen thanks to ZachXBT's detective work and Binance's prompt intervention
Riot Platforms reports $296M net loss in Q1 despite record revenues
Riot's strategic improvements lead to record revenues, but cost of production highlights challenges amid Bitcoin market fluctuations.