ChainCatcher news, according to market news, El Salvador plans to increase its BTC holdings more rapidly for strategic reserves.

ChainCatcher news, MicroStrategy founder Michael Saylor hinted that the company may have recently increased its BTC holdings for the first time at an average price exceeding $100,000.In the past three Mondays from November 25 to December 9, MicroStrategy purchased BTC at average prices of $97,862, $95,976, and $98,783, respectively. According to SaylorTracker data, the company has bought BTC worth between $1.5 billion and $5.7 billion in the last three batches. If another batch of BTC reaches the upper limit of that range, the company could achieve a $50 billion BTC portfolio.As of December 15, the company holds 423,650 BTC, valued at over $43.6 billion.

ChainCatcher news, MicroStrategy founder Michael Saylor has released Bitcoin Tracker information for the fifth consecutive week, stating: "There are too many blue dots on the SaylorTacker website."According to previous patterns, MicroStrategy always increases its Bitcoin holdings the day after related news is released.

ChainCatcher message, Bloomberg senior analyst Eric Balchunas posted on the X platform: "The total Bitcoin holdings of U.S. spot ETFs have just surpassed the holdings of Satoshi Nakamoto, currently holding over 1.1 million coins, more than anyone else in the world. These funds have been established for less than a year, they are simply at the 'baby' level."

ChainCatcher news, Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the period ending September 30, 2024.The report shows that total revenue for the quarter was $73.61 million, an increase of 120.9% year-over-year; total sales hash rate was approximately 7.3 million Thash/s, an increase of 93.8% year-over-year; mining revenue was $8.96 million, with 147 bitcoins mined, averaging $61,034 per bitcoin; operating loss was $56.84 million, narrowing by 49.6% year-over-year.As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a fair value of cryptocurrency assets and cryptocurrency receivables totaling $79.02 million.

ChainCatcher news, according to Coindesk, based on data from Arkham Intelligence, the small South Asian country of Bhutan has a population of only 800,000 (compared to El Salvador's population of 6.4 million), yet it holds 12,574 bitcoins, valued at $1.1 billion at current prices. The value of bitcoins held by Bhutan accounts for more than one-third of the country's GDP (slightly below $3 billion). El Salvador's $500 million in bitcoin only represents 1.5% of its GDP.It is reported that Bhutan's bitcoin holdings have been accumulated through bitcoin mining, as the country has abundant hydropower resources. In September, Arkham reported that Bhutan is likely to become the fourth largest bitcoin-holding country.

ChainCatcher news, as the price of Bitcoin breaks through $80,000 and continues to reach new highs, MicroStrategy founder Michael Saylor posted on the X platform suggesting that he may continue to increase his BTC holdings. He wrote: "I think the saylortracker website needs more 'green dots'".It is reported that on the website mentioned by Michael Saylor, a green dot will be marked at each time point when MicroStrategy purchases Bitcoin.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on social media, "Bitcoin ETF saw a net inflow of $1.4 billion yesterday, setting a new historical high (influenced by the 'Trump effect').Among them, IBIT had an inflow of $1.1 billion in a single day. The total inflow over the past month reached $6.7 billion, and year-to-date inflows have reached $25.5 billion. Approximately 18,000 bitcoins were bought in a single day (compared to 450 bitcoins mined that day), and the total holdings of U.S. Bitcoin spot ETFs have now reached over 93% of the 1.1 million bitcoins held by Satoshi Nakamoto."

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on social media: "We need to adjust our predictions because just yesterday, Bitcoin ETFs devoured over 12,000 Bitcoins like a drunken Pac-Man, now holding 996,000 Bitcoins------there's a good chance of breaking 1 million today (as yesterday's huge trading volume may translate into significant inflows tonight). Reaching Satoshi's level by the end of November is a very promising goal."

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas stated that the total amount of Bitcoin held by the U.S. spot Bitcoin ETF is expected to reach 1 million coins by next Wednesday and exceed Satoshi Nakamoto's holdings by mid-December. Currently, it is increasing by about 17,000 BTC per week.However, anything is possible, such as a severe sell-off delaying this process, but it remains inevitable. Conversely, if prices continue to rise and Trump wins the election, we may see a surge in FOMO (fear of missing out) sentiment, accelerating this process.

ChainCatcher news, mining company Ionic Digital has restarted its IPO plans after appointing BDO USA as its new auditor. As of September 30, 2024, it holds 2,102.29 BTC, valued at $135.3 million.In addition, Ionic Digital announced the activation of a second building at its facility in Ward County, Texas, increasing its total load capacity to 140 megawatts. The new facility houses 15,552 Bitcoin mining machines.

ChainCatcher news, on Tuesday, Bitcoin mining company MARA announced a $200 million credit line, using part of its BTC holdings as collateral. The company stated that the funds will be used to capitalize on strategic opportunities and for other general corporate purposes.Although MARA did not provide specific details about the terms of the credit line, the characteristics of recent agreements by industry competitors have shown a loan-to-value ratio of about 70% and a weighted average interest rate of 4.2%. Assuming a loan-to-value ratio of 70%, MARA would need to pledge approximately 4,000 BTC as collateral for the $200 million credit line.As of September 30, MARA holds 26,842 BTC, currently valued at $1.8 billion.

ChainCatcher news, according to Coindesk, MicroStrategy's next purchase of Bitcoin may push its BTC holdings above Grayscale's GBTC.According to the latest regulatory filing submitted on September 20, the company holds a total of 252,220 Bitcoins, accounting for 1.2% of the total supply, which has a cap of 21 million coins. Before the launch of the U.S. spot ETF in January, Grayscale held over 620,000 tokens in its Bitcoin Trust (GBTC) and currently holds over 254,000 tokens, divided between GBTC and its newer low-fee Bitcoin Mini Trust (BTC).However, recent financing has left MicroStrategy with over $1 billion in funds that have yet to be deployed (or at least not announced). It is speculated that these funds may be used to purchase more Bitcoin, potentially adding thousands of Bitcoins to its balance sheet, far exceeding Grayscale's holdings.

ChainCatcher message, Arkham monitoring data shows that the BTC holdings of the SpaceX marked address are 8,285 coins, worth approximately 473.8 million USD.

ChainCatcher news, according to Decrypt, asset management companies BlackRock and Grayscale currently hold nearly 3% of the circulating Bitcoin supply in their U.S. Bitcoin spot ETFs.Data shows that BlackRock's iShares Bitcoin Trust (IBIT) currently holds 357,736.76150 BTC, while Grayscale's GBTC holds 227,712.3295 BTC. Additionally, Grayscale holds 5,962 BTC in its Digital Large Cap Fund and 32,692.0926 BTC in its Grayscale Bitcoin Mini Trust.

ChainCatcher news, according to information from the official page of El Salvador, El Salvador is still adhering to its plan of purchasing 1 BTC daily. Currently, its treasury holds 5,846.76 BTC, worth over 347 million dollars.

ChainCatcher news reports that hedge fund Bracebridge Capital significantly reduced its position in spot Bitcoin ETFs in the second quarter, according to the 13-F filing submitted to the SEC. It held only $112 million in Ark 21Shares in the second quarter.It is reported that Bracebridge Capital held $300 million in Ark 21Shares' ARKB and $100 million in BlackRock's IBIT, as well as $26.52 million in Grayscale's GBTC in the first quarter.

ChainCatcher news, according to the 13-F filing submitted by Millennium Management to the SEC for the second quarter, the hedge fund Millennium Management reduced its position in spot Bitcoin ETFs in the second quarter.FBTC: -14%, with $589 million;IBIT: -48%, with $371 million;GBTC: -52%, with $82 million;BITB: +71%, with $65 million;MSTR: +8837%, with $121 million.