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Michael Saylor indicates more bitcoin purchases in change of pace mid-week tweet
Yahoo Finance· 2026-01-22 15:08
As bitcoin (BTC) consolidates below the $90,000 level following its plunge this week, Strategy (MSTR) Executive Chairman Michael Saylor indicated there’s going to be no let-up in the company’s acquisition of the world's leading crypto. “Thinking about buying more bitcoin," wrote Saylor in an X post Thursday morning. It’s not really news that Strategy will continue to add to its BTC stack, as it has done nearly every week for many months. Indeed, the company, just in the past two weeks, has purchased rou ...
Popular burger joint Steak ’n Shake buys $10 million bitcoin
Yahoo Finance· 2026-01-17 15:24
Core Insights - Steak 'n Shake has added $10 million worth of bitcoin to its corporate treasury, continuing its engagement with cryptocurrency after eight months of accepting BTC payments at all U.S. locations [1][4] Group 1: Corporate Strategy - The addition of bitcoin to the treasury is part of a "self-reinforcing" cycle where customers pay in bitcoin, leading to increased sales, with all crypto revenue directed into the Strategic Bitcoin Reserve (SBR) [2] - The funds from the SBR are utilized for upgrades such as better ingredients and restaurant remodels without raising menu prices [2] Group 2: Financial Performance - Since the acceptance of bitcoin payments began in May last year, same-store sales have increased dramatically, with a reported rise of more than 10% in Q2 2025 [3][4] - The company saves approximately 50% in processing fees when customers opt to pay in bitcoin [4] Group 3: Product Innovation and Community Engagement - In October, Steak 'n Shake introduced a Bitcoin-themed burger and started donating a portion of each Bitcoin Meal to open-source Bitcoin development [4] Group 4: Market Context - While the $10 million investment in bitcoin is modest compared to larger companies, it reflects ongoing corporate accumulation of bitcoin, with total bitcoin held in treasuries now exceeding 4 million [5]
XRP jumps 8% above $2 as traders bet on a friendlier SEC
Yahoo Finance· 2026-01-03 06:21
Core Insights - XRP has risen above $2 for the first time since mid-December, driven by strong ETF inflows and improving regulatory sentiment in the U.S. [1] - U.S. spot XRP ETFs recorded inflows of $13.59 million on January 2, bringing total inflows since launch to $1.18 billion, indicating strong demand [1] - The departure of SEC Commissioner Caroline Crenshaw is perceived as a potential shift towards a more crypto-friendly regulatory environment, impacting market sentiment positively [2] - Speculation regarding upcoming legislation, particularly a possible Market Structure Bill markup on January 15, has contributed to elevated policy expectations and XRP's outperformance [3] - XRP's rally appears to be driven by token-specific factors rather than a general risk-on sentiment, as demand for bitcoin funds has weakened during the same period [4] Group 1 - XRP's price increase to over $2 is attributed to steady ETF inflows and favorable regulatory sentiment [1] - The total inflows for U.S. spot XRP ETFs have reached $1.18 billion since launch, indicating robust market interest [1] - The exit of SEC Commissioner Crenshaw is seen as a potential catalyst for a more favorable regulatory approach towards cryptocurrencies [2] Group 2 - Anticipation of the Market Structure Bill markup on January 15 has kept policy expectations high, contributing to XRP's strong performance [3] - The rally in XRP is more influenced by specific token dynamics rather than broader market trends, as evidenced by weaker demand for bitcoin funds [4] - XRP's price increase of approximately 8% contrasts with only modest gains in bitcoin and ether, highlighting its unique market position [4]
Bank of America (BAC) Estimates Refreshed After Keefe Bruyette Review
Yahoo Finance· 2025-12-29 20:16
Group 1 - Bank of America Corporation (NYSE:BAC) is recognized as one of the 10 Cash-Rich Stocks to Buy Now [1] - Keefe Bruyette analyst Christopher McGratty raised the price target for Bank of America to $64 from $58, maintaining an Outperform rating after recent management meetings [2] - Bank of America will allow its wealth advisers to recommend crypto allocations in client portfolios starting January 5, marking a significant shift in the digital assets space [3][4] Group 2 - Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank, suggested a modest allocation of 1% to 4% in digital assets for investors comfortable with volatility [4] - Bank of America has provided clients meeting certain asset thresholds access to bitcoin ETFs since early 2024, expanding the role of advisers in guiding clients on crypto products [4][5]
X @Crypto.com
Crypto.com· 2025-12-23 22:08
Cryptocurrency Market - The crypto makes the best present [1]
X @Cointelegraph
Cointelegraph· 2025-12-23 20:00
Which hits ATH first: Bitcoin… or your stress levels when someone says “But isn’t crypto dead?” 😵 ...
X @Cointelegraph
Cointelegraph· 2025-12-23 19:00
Crypto Adoption & Potential - A tiny nation is potentially becoming a significant power player in the crypto space [1] External Link - Full story available at the provided URL [1]
X @CoinDesk
CoinDesk· 2025-12-23 18:19
Market Trend - JPMorgan's institutional crypto push could boost rivals like Coinbase, Bullish [1] Competitive Landscape - The analysis suggests that JPMorgan's move into institutional crypto services may benefit competitors such as Coinbase and Bullish [1]