Michael Hartnett of Bank of America has raised concerns that the US stock and cryptocurrency markets might be overvalued following the recent rallies.
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Category: Bitcoin
Semler Scientific Purchases Additional $30 Million in Bitcoin to Expand its BTC Holdings
Semler Scientific, a healthcare technology firm, has expanded its corporate Bitcoin treasury by purchasing 303 BTC, valued at $29.3 million, between November 25 and December 4, 2024. This acquisition brings the company’s total Bitcoin holdings to 1,873 BTC, acquired at an average price of $78,553 per coin, totaling approximately $147.1 million.
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Florida Could Launch Statewide Bitcoin Reserve by Q1 of 2025, Samuel Armes Says
Florida may establish a Bitcoin reserve by 2025, leveraging pension funds and budget surplus to create a cryptocurrency stockpile. Advocated by Samuel Armes and supported by pro-Bitcoin leaders, this initiative reflects Florida’s growing role in the Bitcoin economy amidst rising market adoption.
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Bitcoin Reserve a “Bad Deal for Americans”: Bill Dudley
Former NY Fed President Bill Dudley cautions that creating a federal Bitcoin reserve could strain public finances, drive up inflation, and provide limited benefits to most Americans. He highlights Bitcoin’s volatility, capped supply, and economic risks, urging policymakers to focus on regulation instead.
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Czech Republic Approves Capital Gains Tax Exemption for Bitcoin Held Over Three Years
The Czech Republic has approved a capital gains tax exemption for Bitcoin held for over three years, aligning its taxation with traditional financial instruments and encouraging long-term investments in the cryptocurrency market starting January 1, 2025.
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MicroStrategy Surges 8% After Bitcoin Reaches $100k
Michael Saylor-created software firm MicroStrategy surged over eight percent Thursday after Bitcoin finally crossed its long awaited $100k mark late Wednesday. The token’s latest boost puts the company’s stock up nearly 600% just this year, outpacing the S&P 500.
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Nasdaq-Listed Worksport Adds Crypto to Corporate Treasury Strategy
Nasdaq-listed Worksport (WKSP) announced it is planning to adopt Bitcoin and XRP as part of its corporate treasury strategy.
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Bitcoin Hits $100K Milestone – Will $150K Come Sooner Than Expected?
Bitcoin has smashed through the $100,000 barrier, with analysts predicting that it will rise even higher in the coming months.
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Hut 8 Launches $500M ATM Program and $250M Stock Repurchase Plan
Hut 8 announces a $500M at-the-market offering to expand its digital infrastructure and acquire Bitcoin reserves, alongside a $250M stock buyback plan designed to deliver shareholder value and support long-term financial goals amid volatile market conditions.
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Bitcoin Soars To $100k – What Drove The Price Up and What’s Next?
Market analysts believe that Bitcoin breaking $100,000 was imminent, as a number of factors perfectly aligned to drive the price up.
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