Author name: Peter

Bitwise Expands Global Presence with Acquisition of Europe’s Leading Bitcoin ETP Issuer

Bitwise Asset Management has made a significant move by acquiring ETC Group, the largest issuer of physical Bitcoin ETP in Europe. This strategic acquisition not only broadens Bitwise's reach worldwide but also boosts its assets under management by over $1 billion, as per a recent press release received by Bitcoin Magazine. Building a Global Crypto

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Are Bitcoin Whales Accumulating Bitcoin During Price Dips?

Bitcoin's recent price volatility has sparked curiosity regarding whether large-scale bitcoin hodlers are capitalizing on price dips to amass more bitcoin. While initial metrics may suggest an uptick in long-term holdings, a deeper analysis unveils a more intricate narrative, especially amidst the current extended period of choppy consolidation. Long-Term Holders and Accumulation Trends At first

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South Korean Pension Fund Invests $34 Million in MicroStrategy Shares

South Korea's National Pension Service (NPS) has recently acquired $34 million worth of shares in MicroStrategy, a prominent business intelligence firm known for its substantial holdings in Bitcoin. Details of the Investment As per a recent filing with the SEC, the NPS purchased 24,500 shares of MicroStrategy during the second quarter, at an average price

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$10 Weekly Bitcoin DCA Strategy Outperforms Traditional Assets by 202% in 5 Years

A recent analysis conducted by Bitcoin Magazine Pro highlights the effectiveness of dollar-cost averaging (DCA) when investing in Bitcoin compared to traditional assets such as gold, Apple stock, and the Dow Jones Industrial Average (DJI). The data demonstrates that consistently investing $10 weekly into Bitcoin over the past five years would have turned a total

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Bitcoin Addresses Holding Over 0.1 BTC Nearing All-Time High

Recent data from Bitcoin Magazine Pro reveals that the number of Bitcoin addresses with a balance exceeding 0.1 BTC is approaching a historical peak. As of now, there are 4,580,424 such addresses, just slightly below the record of 4,586,540. This marks a significant monthly increase of 27,939 addresses. Opportunity Amid Price Volatility The recent price

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