Very odd price action on Bitcoin this evening.
It was trading in a roughly $50 range for nearly an hour before scam-wicking up and then stair-stepping down. https://t.co/8fi4OozEH6
Very odd price action on Bitcoin this evening.
It was trading in a roughly $50 range for nearly an hour before scam-wicking up and then stair-stepping down. https://t.co/8fi4OozEH6
According to BitcoinTreasuries, South Korean listed company K Wave Media (KWM) has sold the remaining 88 BTC, using the proceeds to repay $6 million of debt. After the sale, K Wave Media's Bitcoin holdings dropped to 0 BTC, exiting the Bitcoin treasury company list. K Wave Media announced last year that its Bitcoin treasury financing capacity reached $1 billion, and stated the goal of quickly expanding holdings to 10,000 BTC. However, in May this year, the company shifted up to $485 million of remaining financing capacity from the Bitcoin treasury to AI infrastructure, including data centers, GPU computing power and related acquisitions. https://t.co/rSYs6vkCxe
58 million millionaires worldwide
21 million Bitcoin
👇 https://t.co/orTysuOWfT
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.