CRYPTO

Authored by Zoltan Vardai via CoinTelegraph.com,

Michael Saylor’s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback.

Strategy acquired 6,911 Bitcoin for over $584 million between March 17 and March 23 at an average price of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC). 

Source: US SEC

Following the latest acquisition, the company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at an aggregate purchase price of roughly $33.7 billion and an average purchase price of approximately $66,608 per Bitcoin, inclusive (more…)

Authored by Zoltan Vardai via CoinTelegraph.com,

Tether, the $143 billion stablecoin giant, was the world’s seventh-largest buyer of United States Treasuries, surpassing some of the world’s largest countries.

Tether, the issuer of USDt, the world’s largest stablecoin, was the world’s seventh-largest US Treasury buyer, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong, and numerous other countries.

The stablecoin issuer acquired over $33.1 billion worth of Treasurys, compared to over $100 billion purchased by the Cayman Island in the first place in global rankings, according to Paolo Ardoino, the CEO of Tether. 

“Tether was the 7th largest buyer of US Treasurys in 2024, compared to Countries,” wrote Ardoino in a March 20 X post.

Source: Paolo Ardoino

However, Luxembourg and the Cayman Islands figures include “all the hedge funds buying into t-bills,” noted Ardoino in the replies, whereas Tether’s figures represent the investments of a single entity.

Tether is investing in US (more…)

Authored by Sam Borgi via CoinTelegraph.com,

The Senate Banking Committee's bipartisan approval of the GENIUS Act means stablecoin legislation could arrive at the president's desk in a matter of months, according to Bo Hines.

(more…)