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\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Marathon Digital Urges US To Secure BTC Positions<\/h2>\n\n\n\n

MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Marathon Digital Urges US To Secure BTC Positions<\/h2>\n\n\n\n

MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The purchase comes months after MARA sold 390 BTCs after Bitcoin underwent its fourth halving event in April 2024. The sales comprised about 63% of its monthly production of 616 BTC. MARA Holdings remains the second-largest corporate holder of Bitcoin after MicroStrategy.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Marathon Digital Urges US To Secure BTC Positions<\/h2>\n\n\n\n

MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Mara Holdings plans to issue $700 million convertible senior notes due 2031, with some of the proceeds used to purchase more Bitcoin. The notes will be issued in a private offering.<\/p>\n\n\n\n

The purchase comes months after MARA sold 390 BTCs after Bitcoin underwent its fourth halving event in April 2024. The sales comprised about 63% of its monthly production of 616 BTC. MARA Holdings remains the second-largest corporate holder of Bitcoin after MicroStrategy.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Marathon Digital Urges US To Secure BTC Positions<\/h2>\n\n\n\n

MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Crypto mining company Marathon Digital bought Bitcoins worth $618.3 million between October 1 and November 30. An SEC filing<\/a> shows the company bought 6,484 BTCs at an average price of $95,352.\u00a0<\/p>\n\n\n\n

Mara Holdings plans to issue $700 million convertible senior notes due 2031, with some of the proceeds used to purchase more Bitcoin. The notes will be issued in a private offering.<\/p>\n\n\n\n

The purchase comes months after MARA sold 390 BTCs after Bitcoin underwent its fourth halving event in April 2024. The sales comprised about 63% of its monthly production of 616 BTC. MARA Holdings remains the second-largest corporate holder of Bitcoin after MicroStrategy.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Marathon Digital Urges US To Secure BTC Positions<\/h2>\n\n\n\n

MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • MARA to issue convertible senior notes and invest a portion of the proceeds in BTC.<\/li>\n<\/ul>\n\n\n\n

    Crypto mining company Marathon Digital bought Bitcoins worth $618.3 million between October 1 and November 30. An SEC filing<\/a> shows the company bought 6,484 BTCs at an average price of $95,352.\u00a0<\/p>\n\n\n\n

    Mara Holdings plans to issue $700 million convertible senior notes due 2031, with some of the proceeds used to purchase more Bitcoin. The notes will be issued in a private offering.<\/p>\n\n\n\n

    The purchase comes months after MARA sold 390 BTCs after Bitcoin underwent its fourth halving event in April 2024. The sales comprised about 63% of its monthly production of 616 BTC. MARA Holdings remains the second-largest corporate holder of Bitcoin after MicroStrategy.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Marathon Digital Urges US To Secure BTC Positions<\/h2>\n\n\n\n

    MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

    A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

    Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

    SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

    The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

    Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

    More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

    Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

    These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

    The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2 3 … 22

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
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    \n
  • The Bitcoins were acquired at an average price above $95,000.<\/li>\n\n\n\n
  • MARA to issue convertible senior notes and invest a portion of the proceeds in BTC.<\/li>\n<\/ul>\n\n\n\n

    Crypto mining company Marathon Digital bought Bitcoins worth $618.3 million between October 1 and November 30. An SEC filing<\/a> shows the company bought 6,484 BTCs at an average price of $95,352.\u00a0<\/p>\n\n\n\n

    Mara Holdings plans to issue $700 million convertible senior notes due 2031, with some of the proceeds used to purchase more Bitcoin. The notes will be issued in a private offering.<\/p>\n\n\n\n

    The purchase comes months after MARA sold 390 BTCs after Bitcoin underwent its fourth halving event in April 2024. The sales comprised about 63% of its monthly production of 616 BTC. MARA Holdings remains the second-largest corporate holder of Bitcoin after MicroStrategy.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Marathon Digital Urges US To Secure BTC Positions<\/h2>\n\n\n\n

    MARA has been vocal in encouraging the US to \u201csecure dominant positions in Bitcoin and Bitcoin mining.\u201d<\/em> In a November 26 X post<\/a>, MARA termed the move as important in securing the economic and national security interests of the US.\u00a0<\/p>\n\n\n\n

    A potential move by Washington to secure Bitcoin is reinforced by the election of President Donald Trump. Trump is reportedly<\/a> seeking to establish a White House role focusing on cryptocurrency policy.\u00a0<\/p>\n\n\n\n

    Meanwhile, MicroStrategy\u2019s founder Michael Saylor has urged Microsoft to buy Bitcoin and unlock almost $5 trillion of market cap. In a pitch to the tech giant\u2019s board, Saylor said Bitcoin could add up to $584 to Microsoft\u2019s share and strip away risk from the shareholders. <\/p>\n","post_title":"Marathon Digital Bought Over $618M In Bitcoin In October And November","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"marathon-digital-bought-over-618m-in-bitcoin-in-october-and-november","to_ping":"","pinged":"","post_modified":"2024-12-05 00:37:16","post_modified_gmt":"2024-12-04 13:37:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19785","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19761,"post_author":"15","post_date":"2024-12-03 04:25:50","post_date_gmt":"2024-12-02 17:25:50","post_content":"\n

    SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans<\/a> on Wednesday to invest $50 million in Bitcoin. Following the announcement, the company\u2019s stock price surged by over 97%, reaching $13.81, before settling at $12.79.<\/p>\n\n\n\n

    The company described Bitcoin as a \"cornerstone of the digital asset ecosystem\" and a potential global strategic reserve. This move signals SOS Ltd.\u2019s growing focus on digital assets.<\/p>\n\n\n\n

    Yandai Wang, SOS CEO and chairman said \u201cBitcoin market performance is robust and supported by positive developments such as the launch of several BTC-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets.\u201d<\/em><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    See Related:<\/em><\/strong> Staked Ether Doubles In Volume As The Merge Approaches<\/a><\/p>\n\n\n\n

    More Followed The Strategic Treasury Reserve<\/h2>\n\n\n\n

    Bitcoin\u2019s recent price spike to over $99,000, fueled by market trends and political events like Donald Trump\u2019s re-election, has encouraged other companies to adopt similar strategies. Rumble, a video platform, announced a $20 million Bitcoin treasury this week, boosting its stock by 17%. Earlier, Genius Group disclosed plans to invest $120 million in Bitcoin, triggering a 79% stock price jump.<\/p>\n\n\n\n

    These firms appear to be following MicroStrategy\u2019s lead. Since 2020, the business intelligence company has been a major Bitcoin buyer, accumulating $37.6 billion worth of BTC. MicroStrategy\u2019s stock has surged 2,397% since its first Bitcoin purchase, highlighting the potential rewards of corporate crypto investments.<\/p>\n\n\n\n

    The trend shows that businesses are increasingly turning to Bitcoin as both an inflation hedge and a long-term growth strategy.<\/p>\n","post_title":"$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"50m-bitcoin-investment-nearly-doubles-sos-ltd-stock-value","to_ping":"","pinged":"","post_modified":"2024-12-03 04:25:57","post_modified_gmt":"2024-12-02 17:25:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19761","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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