News BTS

News BTS

CIMG Inc Raises $55 Million to Buy Bitcoin

Digital health and wellness company CIMG Inc. has raised $55 million in a share sale to expand its cryptocurrency storage business, joining a list of companies raising funds in crypto this week. CIMG said on Tuesday it had issued 220 million…

Bitcoin's Path to $1M Could Be 'Very Boring'

According to anonymous analyst PlanB, Bitcoin's path to $1 million per token may be smoother and less dramatic than many market participants expect. “What if Bitcoin doesn’t just slowly go up and to the right from here on out, with long,…

Blockstream CEO Adam Beck: Bitcoin Cannot Be Censored

The cryptocurrency community has been abuzz with discussions about the nature of Bitcoin's censorship resistance following a comment from Blockstream co-founder Adam Back. The tweet was prompted by the fact that some Bitcoin transactions are difficult to stop. Beck emphasized that…

Strategy Company Buys $449.3 Million in Bitcoin

American company Strategy spent $449.3 million on buying bitcoins from August 26 to September 1. The average cost of a coin was $110,981. Strategy reported that it now holds 636,505 bitcoins (3% of the total supply of the cryptocurrency). Since 2020,…