Strategy Acquired 22,048 BTC for $1.92 Billion
The company Strategy continues to actively increase its Bitcoin reserves. Recently, it purchased 22,048 BTC worth $1.92 billion, bringing its total crypto holdings to 528,185 BTC. This is the largest Bitcoin purchase in recent months, reflecting the growing confidence of institutional investors in digital assets.
Strategy’s approach is based on the gradual accumulation of BTC, which helps mitigate the risks associated with market volatility. This purchase was made amid expectations of potential Bitcoin price growth in the coming months.
MARA Holdings and Metaplanet Prepare Major Investments
Other companies are also showing strong interest in Bitcoin. MARA Holdings announced plans to issue $2 billion worth of shares to invest in BTC. Similarly, Metaplanet intends to raise 2 billion Japanese yen (approximately $13.3 million) for purchasing digital gold.
These decisions confirm the increasing trend of institutional investments in cryptocurrency. Companies are leveraging traditional financial instruments, such as stock issuance, to finance Bitcoin purchases, anticipating its long-term price growth.
Elon Musk Denies Connection Between Dogecoin and the DOGE Government Agency
Recent rumors suggesting a connection between Dogecoin and the U.S. Department of Government Efficiency (DOGE) have been officially denied by Elon Musk. The Tesla and SpaceX CEO stated that the U.S. government has no plans to use Dogecoin, despite the similarity in names.
According to Musk, DOGE was created to increase government efficiency by 15%, and its name was chosen based on suggestions from internet users. Initially, the agency was supposed to be called the Commission for Management Efficiency, but it was later renamed to a more memorable version.
Rumors about a connection between the agency and Dogecoin emerged after the official DOGE website featured the Dogecoin mascot—a Shiba Inu dog named Kabosu. This led to increased interest in Dogecoin and triggered a 14% price surge.
The First Public Hearing on Digital Assets in the U.S. to Take Place on April 9
The U.S. House of Representatives has announced the first public hearing dedicated to the regulation of digital assets, scheduled for April 9. This event could mark a turning point in the development of the American crypto industry.
Key topics of the hearing:
– The future of cryptocurrency regulation in the U.S.
– The impact of digital assets on the traditional economy
– The possibility of establishing a legal framework for the crypto industry
– Discussion of institutional interest in Bitcoin
Experts note that the conclusions from this hearing could impact Bitcoin’s price and the overall crypto market. Investors are hoping for positive signals from lawmakers, which could boost trust in the industry.
Recent developments in the crypto world highlight the continued trend of institutional investments in Bitcoin. Strategy, MARA Holdings, and Metaplanet are actively investing billions of dollars in BTC, reinforcing its status as digital gold.
At the same time, the crypto market faces challenges in the form of regulatory initiatives. The first public hearing in the U.S. House of Representatives could significantly influence the digital asset market, while Elon Musk’s statements help dispel rumors and stabilize public perception of cryptocurrencies.
Interest in the crypto industry remains high, and the coming weeks could be crucial in shaping the future of Bitcoin and the entire digital economy.
