The companies plan to collectively pick up $3 billion worth of bitcoin this year, with MicroStrategy's targeting the purchases in Q1 2025.
Traders are positioning for a rally to record highs after President-elect Donald Trump takes office on Jan. 20
The Louisiana Republican is considered a strong supporter of the crypto industry.
Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry.
The average realized price of 2024 buyers in bitcoin was $65,901.
“It’s the stock market for the people. SPX6900 is for you, your children, and countless generations after,” a manifesto on SPX6900’s site reads.
Ether stands out relative to BTC as the go-to major currency for traders looking to amplify returns with the use of leverage
Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion
Bitcoin's hashrate increased by approximately 50% in 2024, and it is currently on course to rise for the eighth consecutive time.
ADA’s bump came on no immediate catalyst, but the protocol is set to see several fundamental developments in the coming months.