French Banking Giant BPCE to Launch Bitcoin and Crypto Investment Services in 2025
French banking giant BPCE, one of the largest financial institutions in the country, is set to enter the cryptocurrency market by offering Bitcoin and crypto investment services to its customers. The service will be rolled out through BPCE's subsidiary Hexarq in 2025, marking a significant move for traditional banking in the crypto space.
Bitcoin ETFs Surpass Gold ETFs in AUM: A Defining Moment for Digital Assets
For the first time in financial history, Bitcoin exchange-traded funds (ETFs) have overtaken gold ETFs in assets under management (AUM). According to K33 Research and Bloomberg analyst Eric Balchunas, U.S. Bitcoin ETFs reached a combined total of $129 billion on December 16, 2024, edging past gold ETFs, which stood at $128 billion.
This is a monumental moment for Bitcoin, especially considering its ETFs were launched just 11 months ago, compared to gold ETFs that have had over 20 years to grow. The rapid rise of Bitcoin ETFs highlights the increasing demand from institutional investors and growing optimism about Bitcoin’s future as a financial asset.
City of Vancouver to Adopt Bitcoin?!
In this video, Mayor Ken Sim, of Vancouver City, shares his ground breaking motion to explore making Vancouver a Bitcoin-friendly city. Dive into his personal Bitcoin journey, his extensive background as an accountant, auditor, and entrepreneur, and his compelling insights into the benefits of Bitcoin as a treasury asset. Learn how this visionary leader is rethinking finance and innovation for Vancouver's future.
Putin Declares Bitcoin Unstoppable: Russia Embraces Crypto as Property
In a move that could reshape the global cryptocurrency landscape, Russian President Vladimir Putin has declared that Bitcoin and digital assets cannot be banned. Speaking at the 15th VTB ‘Russia Calling’ Investment Forum in Moscow, Putin emphasized the inevitability of digital currencies continuing to grow, evolve, and gain popularity.
MARA Sets New Records in Bitcoin Mining and Announces $700M Convertible Notes Offering
November proved to be a record-breaking month for MARA Holdings, Inc. (NASDAQ: MARA), a leader in Bitcoin mining and digital asset strategies. The company achieved unprecedented results in its mining operations and unveiled a bold financial move to further its Bitcoin-centric strategy.
In a move to strengthen its Bitcoin acquisition strategy, MARA announced plans to offer $700 million in zero-coupon convertible senior notes due 2031, with an option for an additional $105 million, subject to market conditions. The proceeds will primarily fund the purchase of more Bitcoin and the repurchase of MARA’s existing convertible notes due in 2026.
MicroStrategy’s $2 Billion Bitcoin Power Play: 27,200 BTC Added to Their Arsenal
MicroStrategy, the business intelligence giant and premier corporate Bitcoin holder, has again expanded its Bitcoin reserves by a whopping 27,200 BTC, bringing its total stash to 279,420 BTC. This massive purchase, funded by $2 billion raised through at-the-market (ATM) share sales, signals their continued belief in Bitcoin’s potential as a treasury reserve asset and a hedge against inflation. And they aren’t stopping there. MicroStrategy’s ambitious “21/21 Plan” unveiled in their Q3 2024 earnings presentation hints at a transformative financial strategy aiming to raise a colossal $42 billion in capital over the next three years to fuel further Bitcoin acquisitions and corporate expansion.