💰 Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in 'Record-Breaking' Quarter

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin ETFs Holding Now Accounts For 4.5% Of The Total Bitcoin Supply

According to data from HODL15Capital, as of May 10, Bitcoin exchange-traded funds (ETFs) worldwide collectively held 949,756 Bitcoins. The Bitcoin ETFs holding is constituting 4.5% of the total Bitcoin supply. U.S.-based spot Bitcoin ETFs acquired 1,318 Bitcoins throughout the week, with GBTC experiencing outflows. Glassnode highlighted that Bitcoin reached a pivotal phase three months ahead of Ethereum, with the news surrounding ETFs significantly impacting this acceleration.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions

Marathon Digital (MARA), one of the largest bitcoin mining companies, has held talks with Kenya to help manage the country's renewable energy through mining and develop its crypto regime. Kenya's President William Ruto recently met up with the Marathon's team during an American Chamber of Commerce event hosted in Kenya.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction

Activity on the Bitcoin Runes protocol has slowed over the past week, a sign it has failed to generate meaningful traction among users despite a stellar start last month. Runes takes the Ordinals protocol a step further by making transactions even cheaper and faster. Ordinals are a way to embed data into the Bitcoin blockchain by inscribing references to digital art into small Bitcoin-based transactions.

Source

https://t.me/Bitcoin_Magazine

🚀 Discover the Future with Jack the Goat ($JACK) - A Groundbreaking Meme Coin on Solana! 🌟🐐

Why $JACK?

⚫Thriving Community: Over 1400 active members fueling our explosive rise! @JacksPortal
⚫Colossal Potential: Get in on the ground floor of what experts predict could be a 1000x gem! 💎
⚫ Vital Stats: Market Cap: $500,000 | Holders: ~500 | Contract: 68eD7fdMVEqKDev9jChsBxtvg45XF2FKsnVRfDTpxCkK

How to Get $JACK:
1. Download Phantom Wallet .
2. Purchase $SOL, transfer to your wallet.
3. Swap for $JACK on Jupiter or Raydium. 😀

🔥 Join us now at https://jackthegoat.com and be part of this monumental journey with $JACK! 🚀

#Ad

💰 Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTC

Spot bitcoin exchange-traded funds in the United States returned to a daily net inflow of over $100 million yesterday as inflows into the ARK 21 Shares Bitcoin ETF (ARKB) overpowered the usual outflows from the Grayscale Bitcoin Trust. According to data from SoSo Value, approximately $133 million flowed into ARKB, bringing its cumulative net inflow to $2 billion. Conversely, GBTC witnessed another $51 million flow out of the product, bringing its cumulative net outflows to $18 billion.

Source

https://t.me/Bitcoin_Magazine

💰 Morgan Stanley reveals $270 million investment in Bitcoin ETFs, making it top GBTC holder

Morgan Stanley revealed a $269.9 million investment in spot Bitcoin ETFs via Grayscale’s GBTC in its first quarter 13F disclosure. Based on Fintel data, the investment makes it one of the largest holders of GBTC, following Susquehanna International Group’s leading $1.0 billion investment. Morgan Stanley is also one of many Global Systemically Important Banks (G-SIBs) that have disclosed investments in spot Bitcoin ETFs, alongside the Royal Bank of Canada, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS.

Source

https://t.me/Bitcoin_Magazine

🪙 Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000

Inflows for spot Bitcoin ETFs in the United States soared to $303 million on May 15 amid a big jump in BTC prices. It is the highest inflow since May 3 as institutional investors pivoted back to bullish in the wake of the US Consumer Price Index (CPI) data on May 15 which met expectations. Fidelity led the pack with its FBTC fund seeing $131 million in inflows for the day, its highest inflow since March 26. Bitwise’s BITB fund also had a solid day with an inflow of $86 million, a figure not beaten since March 4.

Source

https://t.me/Bitcoin_Magazine

💰 JPMorgan revises bitcoin production cost estimate to $45,000

JPMorgan has revised its central estimate of bitcoin production cost to $45,000 from the previous $42,000 projection amid a shift in bitcoin mining hashrate. This appears to be happening, albeit with some delay," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Thursday. "The current hashrate and power consumption put our central estimate of the bitcoin production cost to around $45,000, i.e., well below current prices" of around $65,000, the analysts added.

Source

https://t.me/Bitcoin_Magazine

💰 Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients

Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed. It is important to note that these purchases don't necessarily represent the banks' views on the direction of bitcoin's price, but instead were likely either made on behalf of the banks' wealth management clients or necessary for market making and/or ETF authorized participant duties.

Source

https://t.me/Bitcoin_Magazine

💰 Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT 'Blows Away Record'

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commission (SEC). A senior Bloomberg analyst described this achievement as “mind-boggling” and “highly rare” for new ETFs. Other recently launched ETFs have significantly fewer institutional holders.

Source

https://t.me/Bitcoin_Magazine

💰 Number of new Bitcoin wallets drops to lowest level since 2018

Six months ago, excitement around spot Bitcoin ETFs, developments in the Bitcoin ecosystem such as Ordinals, and the upcoming halving drove the average weekly number of new Bitcoin addresses to approach its highest levels since its all-time high value in December 2017. Yet six months on, just like in early 2018, the number of new addresses joining the network has cratered as the fervor around new Bitcoin projects dies down.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin to Reach $420K by Decade's End, Says Ric Edelman

Ric Edelman, founder of Edelman Financial Engines, forecasts bitcoin will reach $420,000 by the decade’s end. He explained that if 1% of the world’s $738 trillion in financial assets were allocated to bitcoin, it would result in $7.4 trillion in inflows, raising bitcoin’s price to $420,000.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Price to Soar as Japan’s Economy Worsens: BitMEX’s Arthur Hayes

The weakening Japanese yen could potentially lead to actions that drive up the price of bitcoin and other cryptocurrencies, according to former BitMEX CEO Arthur Hayes. His central argument revolves around the fact the Japanese yen has been rapidly weakening against the US dollar due to the large interest rate differential between the two currencies. This hurts Japan’s export competitiveness against China.

Source

https://t.me/Bitcoin_Magazine

💰 WisdomTree first to get nod from FCA on spot Bitcoin ETP ahead of multi-product UK launch

WisdomTree has received approval from the Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange. This approval allows WisdomTree to introduce the WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs, targeting the May 28 lifting of UK restrictions. These ETPs, available exclusively to professional investors, have a management expense ratio of 0.35%, making them reportedly among the lowest fee institutional-grade crypto ETPs in Europe.

Source

https://t.me/Bitcoin_Magazine

💰 HAPPY BITCOIN PIZZA DAY 🍕

Laszlo made the first real-world transaction on May 22, 2010 using Bitcoin to purchase two Papa John's pizzas for 10,000 $BTC

Those 10,000 bitcoins are worth $701 million today

https://t.me/Bitcoin_Magazine

💰 Spot bitcoin ETFs maintain positive momentum as FIT21 bill passes House vote

Spot bitcoin exchange-traded funds in the U.S. reported total net inflows of $153.91 million on Wednesday, logging their eighth consecutive day of net inflows. BlackRock’s IBIT recorded the largest net inflows of $92 million among the 11 ETFs, according to data from SoSoValue. Fidelity’s spot bitcoin ETF followed with inflows of $75 million, while Ark Invest and 21Shares’ fund drew in $3 million on Wednesday.

Source

https://t.me/Bitcoin_Magazine

🇺🇸 U.S. 💰 Bitcoin ETF Holdings Hit New High of More Than 850K Tokens

U.S.-listed spot bitcoin exchange-traded funds now hold a record 850,707 BTC in custody, beating a previous high above 845,000 from early April. Among those funds, Grayscale’s GBTC remains the biggest holder of bitcoin with 289,300 tokens worth more than $20 billion, followed closely by BlackRock’s IBIT at 283,200 and $19.6 billion, according to data tracked by HODL15Capital.

Source

https://t.me/Bitcoin_Magazine