Seren Lindholm – Stocker Fox

Kaixin plans crypto mining expansion amid Bitcoin’s new all-time high

Chinese electric vehicle manufacturer Kaixin is looking for a strategic shift with plans to acquire a controlling stake in a Middle Eastern cryptocurrency mining operation. The announcement depicts a major jump and diversification from its traditional automotive business. Kaixin in advanced stages of acquisition According to Kaixin’s press release, the... read more →

Seren Lindholm
November 17, 2024
Bitcoin

Thumzup approves $1m of Bitcoin as treasury reserve asset

Thumzup Media Corporation, a social media marketing company based in Los Angeles, announced its entry into the crypto space with plans to purchase up to $1 million in Bitcoin. The company, which helps brands pay users to promote them on platforms like Venmo and PayPal, aims to diversify its treasury... read more →

Seren Lindholm
November 15, 2024
Bitcoin

Bitcoin miner Greenidge Generation wins legal battle in New York

Greenidge Generation Holdings Inc. will continue operating its Dresden, New York, facility following a legal victory against the state’s Department of Environmental Conservation. According to a Nov. 14 press release, the New York Supreme Court ruled in favor of Greenidge, overturning the Department of Environmental Conservation’s denial of a Title... read more →

Seren Lindholm
November 15, 2024
Bitcoin

Michael Saylor predicts Bitcoin will soar to $100k amid Trump’s pro-crypto administration

MicroStrategy CEO Michael Saylor is expecting Bitcoin to hit $100,000 before the end of the year, stating that the 2024 U.S election outcome was ‘the biggest thing that’s happened in the past four years for Bitcoin.’ In an interview with CNBC on Nov. 14, the MicroStrategy CEO stated he is... read more →

Seren Lindholm
November 15, 2024
Bitcoin

Nasdaq-listed Solidion pledges to allocate 60% of cash surplus to Bitcoin purchases

U.S.-based battery tech company Solidion has pledged to allocate 60% of its excess cash reserves to Bitcoin as part of its treasury strategy. Solidion Technology, a U.S.-based battery materials provider, has committed to allocating more than half of its excess cash reserves to Bitcoin (BTC) purchases as part of its... read more →

Seren Lindholm
November 15, 2024
Bitcoin

Spot Bitcoin ETFs see negative day with $400.6m net outflows

Spot Bitcoin exchange-traded funds in the United States experienced an outflow day on Nov. 14, ending their six-day inflow streak that had brought over $4.73 billion into the funds. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net outflows of $400.67 million on Thursday, ending their positive... read more →

Seren Lindholm
November 15, 2024
Bitcoin

Analyst reiterates ‘Buy’ rating on Bitfarms stock despite selloff

H.C. Wainwright & Co. analysts reiterated their “Buy” rating on Bitcoin mining company Bitfarms. This rating follows a 15% decline in the stock price after Bitfarms announced delays to its year-end 2024 expansion targets, according to a note shared with crypto.news. While Bitfarms reported positive third-quarter results with revenue growth... read more →

Seren Lindholm
November 15, 2024
Bitcoin

DeFi Technologies launches publicly-traded CoreFi Strategy

DeFi Technologies has unveiled CoreFi Strategy Corp, a publicly traded company set to offer investors exposure to Bitcoin-focused decentralized finance through the Core blockchain. This move was inspired by companies like MicroStrategy, per a press release shared with crypto.news. CoreFi Strategy aims to provide regulated, leveraged Bitcoin (BTC) investments with... read more →

Seren Lindholm
November 14, 2024
Bitcoin

Pennsylvania introduces bill to implement strategic bitcoin reserve

Pennsylvania’s legislature has introduced a bill allowing the state to invest in Bitcoin. Led by Representative Mike Cabell, this bill would permit Pennsylvania to allocate up to 10% of three state funds — the General Fund, Rainy Day Fund, and State Investment Fund — into Bitcoin (BTC). Cabell argues that... read more →

Seren Lindholm
November 14, 2024
Bitcoin

Bitcoin price base case for 2025 is $180,000, VanEck’s Sigel predicts

Bitcoin’s price continued its strong bullish trend this week, with many analysts believing that the rally has more room to run. Bitcoin (BTC) was trading at $91,200 on Thursday, Nov. 14, bringing its year-to-date gains to 115%. It has outperformed popular assets like the Dow Jones, Nasdaq 100, and S&P... read more →

Seren Lindholm
November 14, 2024
Bitcoin

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