Latest news with #TheBitcoinNews.com
Business Mayor
18-05-2025
- Business
- Business Mayor
Despite BTC criticism: Warren Buffett makes $250 million with crypto companies
Image: KI Advertisment Investment legend Warren Buffet isn't known for his great love of Bitcoin. He once even called the digital currency 'rat poison squared.' However, that didn't stop him from investing in Brazilian Nubank, a company that facilitates Bitcoin trading but also holds it on its balance sheet. Now Warren Buffet's Berkshire Hathaway has completely exited the company, and they're doing so with a $250 million profit. Berkshire began selling Nubank shares in 2024. In the third quarter, it sold 20.7 million shares at an average price of $13.46 each. Then, in the fourth quarter of 2024, another 46.3 million shares were sold at $13.22. And the final tranche of 40.2 million shares was sold in the first quarter of 2025 at a price of $11.83. Buffett and his partners made a profit of approximately $250 million on their initial investment. In retrospect, they won't be dissatisfied with their choice of this Bitcoin company. Without Buffett and Berkshire Hathaway as shareholders, Nubank is doing well. The company generated a net profit of $557.2 million in the first quarter of 2025, a 47% increase over the same quarter in 2024. It also managed to generate a net annual profit of $1.97 billion over 2024, a 91% increase over 2023. In this respect, it's unlikely that the decision to sell has anything to do with the stock itself, as the company is actually doing well. It seems more likely to have something to do with the financial sector, which Buffett's investment firm appears to be exiting altogether. In fact, in the first quarter of 2025, it also sold shares of Citigroup and Bank of America, selling shares valued at $2.1 billion. And with these sales, Berkshire's cash reserves reached a record high of $347.8 million. – Bitcoin News source since June 2011 – Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Advertise with us : Advertise For the latest cryptocurrency news, join our Telegram! READ SOURCE
Business Mayor
16-05-2025
- Business
- Business Mayor
Why is Bitcoin rising?
Image: KI Advertisment Bitcoin is currently on the rise again. The price is approaching $100,000. What's behind it? Bitcoin has increased significantly in value since the beginning of May 2025, approaching the $100,000 mark. This was triggered by monetary policy signals from the U.S. Federal Reserve and political pressure from the White House. US Federal Reserve Leaves Interest… Dive into a world of exclusive Bitcoin insights and analyses, reserved only for Premium Members. Gain unlimited access to all in-depth articles and exclusive content. Check our packages Best seller 149 $ one time Stay ahead, not behind. Instant access to all our crypto insights – no more FOMO! 9.99 $ Eliminate FOMO, maximize gains. Instant access to all crypto insights. 79 $ No more FOMO, just profit. Get instant access to all our crypto insights. – Bitcoin News source since June 2011 – Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Read More Magic Eden launches Bitcoin NFT marketplace Advertise with us : Advertise For the latest cryptocurrency news, join our Telegram! READ SOURCE
Business Mayor
15-05-2025
- Business
- Business Mayor
Strategy on a buying spree: 1.34 billion for Bitcoin
Image: KI Advertisment That was quick. Michael Saylor's software company Strategy, known for its aggressive Bitcoin strategy, has struck again and massively increased its crypto reserves. With this latest acquisition, it not only expanded its portfolio but also prematurely exceeded an important return target for 2025. But not everyone is enthusiastic about the buying spree. As the company… Dive into a world of exclusive Bitcoin insights and analyses, reserved only for Premium Members. Gain unlimited access to all in-depth articles and exclusive content. Check our packages Best seller 149 $ one time Stay ahead, not behind. Instant access to all our crypto insights – no more FOMO! 9.99 $ Eliminate FOMO, maximize gains. Instant access to all crypto insights. 79 $ No more FOMO, just profit. Get instant access to all our crypto insights. – Bitcoin News source since June 2011 – Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Advertise with us : Advertise For the latest cryptocurrency news, join our Telegram! READ SOURCE
Business Mayor
12-05-2025
- Business
- Business Mayor
Bitcoin is at $99,000 – but this silent record is even more significant
Image: KI Advertisment The Bitcoin price is trading at $99,000, a solid $10,000 away from its all-time high of $109,000. Nevertheless, Bitcoin has managed to reach a new all-time high, which is perhaps even more important than the price record itself. It is an all-time high for the realized market value, which now stands at $890 billion. Why… Dive into a world of exclusive Bitcoin insights and analyses, reserved only for Premium Members. Gain unlimited access to all in-depth articles and exclusive content. Check our packages Best seller 149 $ one time Stay ahead, not behind. Instant access to all our crypto insights – no more FOMO! 9.99 $ Eliminate FOMO, maximize gains. Instant access to all crypto insights. 79 $ No more FOMO, just profit. Get instant access to all our crypto insights. – Bitcoin News source since June 2011 – Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Advertise with us : Advertise For the latest cryptocurrency news, join our Telegram! READ SOURCE
Business Mayor
11-05-2025
- Business
- Business Mayor
Bitcoin: When will sovereign wealth funds get involved?
Image: KI Advertisment The discussion surrounding Bitcoin and its role in the global financial infrastructure is gaining momentum. Anthony Scaramucci, founder of SkyBridge and former White House Communications Director, recently shared his views on Bitcoin's future development in a podcast. Anthony Scaramucci, a prominent investor and founder of SkyBridge, recently shared his views on the future of Bitcoin… Dive into a world of exclusive Bitcoin insights and analyses, reserved only for Premium Members. Gain unlimited access to all in-depth articles and exclusive content. Check our packages Best seller 149 $ one time Stay ahead, not behind. Instant access to all our crypto insights – no more FOMO! 9.99 $ Eliminate FOMO, maximize gains. Instant access to all crypto insights. 79 $ No more FOMO, just profit. Get instant access to all our crypto insights. – Bitcoin News source since June 2011 – Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Advertise with us : Advertise For the latest cryptocurrency news, join our Telegram! READ SOURCE
