CryptoQuant CEO Ki Young Ju has raised concerns about a growing Bitcoin quantum threat. He warned that advances in quantum computing could expose millions of coins. While not immediate, he said the scale of potential risk requires early discussion. How Legacy Addresses Increase the Bitcoin Quantum Threat In an X post, CryptoQuant founder highlighted that
The post Bitcoin Quantum Threat: CryptoQuant’s CEO Flags Risk of Losing Satoshi’s 1M BTC Stash to Hackers appeared first on CoinGape.
]]>Cardano whale loses $6M+ moving five-year-old ADA stash MSN
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Shiba Inu Looks to Scale 200-day SMA as DOGE Whales Boost Coin Stash to 10B CoinDesk
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GameStop has reported an increase in revenue thanks to its $528 million Bitcoin holdings. This has helped in reducing its losses in Q2, despite ongoing revenue challenges. Bitcoin Investment Lifts GameStop’s Balance Sheet In its latest report, GameStop disclosed a boost in its revenue, minimizing previous losses. This comes after the purchase of $500 million
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]]>Bybit’s 3T SHIB Stash Got Shiba Inu Barking For a 540% Rally DailyCoin
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Bitcoin HODLer Sells Part of 14‑Year BTC Stash to Buy Meme Coins: Dogecoin (DOGE) and One Surprise Token Make the List. Analytics Insight
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CleanSpark, a Bitcoin mining company based in the United States, has recently mined more than 10,000 BTC in its treasury. As of January 9, 2025, when this report was written, the company is holding 10,097 BTC, all of which were mined. This comes after CleanSpark said it had mined 668 bitcoins in December 2024, which put the total number of Bitcoins available in its treasury at 9,952.
CleanSpark Reaches 10,000 BTC Milestone
CleanSpark announced in a press release that the company has accumulated over 10,000 BTC in its treasury through its self-mining in the USA. This amounts to a 236% yearly increase in the amount of Bitcoin the company has been holding. At the end of the year 2024, the company had mined 668 BTC in a month, taking the overall total of BTC to 10,097 from 9,952.
According to CleanSpark, this achievement was attributed to operational efficiency and positioning. So, the company has been focusing on adequate capital management to develop the mining operations and not to affect company growth.
Chief Financial Officer of CleanSpark, Gary Vecchiarelli, added,
“As the digital asset landscape evolves, we are committed to using our bitcoin holdings in a manner that aligns with sound risk management principles and disciplined capital strategy. By avoiding unfavorable counterparty exposure and leveraging our bitcoin to lower our cost of capital, we are positioning CleanSpark as a leader in responsible financial innovation.”
These milestones come amid recent reports that the Bitcoin miner would be buying BTC after raising $550 million in convertible senior notes. However, Cleanspark clarified it would not use the funds to purchase Bitcoin, instead allocating $145 million to repurchase shares and settle debts.
Commitment To US-based Operations Drives Bitcoin Mining
Notably, all Bitcoin in CleanSpark’s treasury has been mined in the United States, supported by local energy resources and jobs. This approach aligns with the company’s dedication to boosting innovation and sustainability in the Bitcoin mining industry.
Additionally, CleanSpark’s CEO, Zach Bradford, emphasized the importance of operational excellence in achieving this milestone. The company’s operations reflect a broader commitment to supporting the growth of Bitcoin mining practices and responsible use of resources.
Zach Bradford emphasized,
“Surpassing the 10,000-bitcoin mark reflects CleanSpark’s commitment to operational excellence, strategic growth, and disciplined capital management.”
Notable moves include the purchase of GRIID Infrastructure and the addition of seven new facilities in Knoxville, Tennessee. These developments have enabled the Bitcoin miner to diversify its mining portfolio and increase its operational capacity.
The company’s acquisition strategy optimizes its mining facilities, which are powered by low-cost and reliable energy sources. This approach has helped CleanSpark maintain a competitive edge in the dynamic Bitcoin mining industry.
Bitcoin Miner Financial Strategy
Also, the financial strategy of CleanSpark is a perfect balance between risk-taking and the efficient use of its Bitcoin assets. The company does not take risks with counterparties and uses its Bitcoin treasury to reduce capital expenses. This is especially the case given its goal of achieving sustainable financial value for stakeholders alongside financial resilience.
Moreover, another Bitcoin miner, Riot Platforms, revealed it produced 4% more BTC in December 2024, mining 516 BTC in total. The company launched the 400MW phase of its Corsicana Facility and this saw the company’s hash rate increase by 155%. Riot generated 4,828 BTC in 2024 while still managing to keep an average net power cost of $0.034 per kWh.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
- MicroStrategy has added to its Bitcoin holdings with another 2,138 BTC purchase
- This is the eighth consecutive week that the US-listed company has purchased Bitcoin
- MicroStrategy’s announcement comes a day after Michael Saylor posted the company’s BTC tracker.
MicroStrategy, the world’s largest publicly-traded holder of Bitcoin (BTC), has announced purchase of the flagship digital asset.
The company, whose BTC buying spree has seen it become known as a Bitcoin development company, revealed the latest purchase on Dec. 30.
MicroStrategy buys BTC again
In the announcement, the company disclosed its eighth consecutive week of BTC acquisition involved the scooping of 2,138 bitcoins for $209 million. The company used funds from its at-the-market share sales, which currently stands at over $6.88 billion.
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2
— Michael Saylor
(@saylor) December 30, 2024
Michael Saylor, the founder and executive chairman of MicroStrategy, had posted the company’s BTC tracker on Dec. 29, leading to speculation about today’s announcement.
For its most recent BTC acquisition, MicroStrategy spent approximately $97,837 per BTC. With this purchase, MicroStrategy has extended its lead as the world’s largest holder of Bitcoin among publicly traded companies. It now hodls 446,400 BTC, acquired for a total of $27.9 billion and at the average purchase price of $62,428 per bitcoin.
In total, the company has seen a BTC Yield of 47.8% quarter-to-date and 74.1% year-to-date.
Despite the buying, Bitcoin price remained negative on the daily and weekly time frames, trading around $93,114 at the time of writing. Per CoinMarketCap, BTC was down 1.8% in the past 24 hours and 2.6% in the past week.
Meanwhile, the MicroStrategy stock, which rose sharply amid the company’s joining of the Nasdaq 100, was down 13.3% in pre-market trading. MSTR closed at $330 on Dec. 27 but hovered around $319 at 8:30 ET on Dec. 30.
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Bitcoin Bull Samsom Mow has indicated that Germany is looking to purchase Bitcoin, making the flagship crypto of their reserve assets. This comes just months after the country sold its BTC holdings worth $2.87 billion. If so, the government will join the likes of El Salvador and Bhutan, which already have a Bitcoin strategy in place.
Germany To Purchase Bitcoin For Future Reserves
Samson Mow suggested in an X post that the country is looking to purchase BTC for its future reserves. This came as he wished Germany success in acquiring 281,267 BTC ($19 billion) for its future strategic reserves. Mow had made an appearance at the German Bundestag, where he discussed Bitcoin strategies for nation-states.
The country’s move to purchase Bitcoin comes just months after it sold its BTC stash. Between June and July earlier this year, Germany sold off the 50,000 BTC seized from the movie piracy website movie2k. That event was significant at the time considering how much it impacted the Bitcoin price. The flagship crypto dropped below $55,000 during that period.
Germany will join the likes of El Salvador Bhutan if it eventually adopts this Bitcoin strategy. Arkham Intelligence data shows that El Salvador holds 5,907 BTC ($402 million). Meanwhile, Bhutan holds 13,166 BTC ($844 million). Meanwhile, the US remains the government with the largest BTC holdings (203,239), with most of these forming part of the seizures from the Dark web marketplace Silk Road.
However, Donald Trump has already revealed plans to create a Bitcoin strategic reserve if elected. Meanwhile, US Congressman Ro Khanna mentioned that the government can convert seized bitcoins to form part of the strategic reserve instead of selling them.
Bitcoin Adoption In The Country
Amid Germany’s plans to purchase BTC for its future reserve assets, it is worth mentioning that there is already a Bitcoin push in the country. Last month, the German Bundestag formed the Bitcoin Federal Association (BTCBV). According to Bundestag member and Bitcoin activist Joana Cotar, the association will focus on BTC education and push for Bitcoin’s adoption in the country.
Meanwhile, institutions in the country are already adopting the flagship crypto. Germany’s Samara AG recently announced plans to buy €30 million worth of BTC to emulate MicroStrategy’s Bitcoin Strategy. German Bank Commerzbank also recently partnered with Deutsche Borse’s Crypto Finance to offer its customers Bitcoin and Ethereum trading services.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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