Latest news with #TFTC
Yahoo
09-07-2025
- Business
- Yahoo
Bitcoin Bull Mulls Different Kind of Corporate Treasury Strategy as Prices Continue on Hold
In case you missed it during the holiday week, collaborative design tool Figma filed to go public via IPO. Used by 95% of Fortune 500 companies and with $871 million of revenue over the trailing twelve months (up 49% Y/Y), Figma disclosed bitcoin ETF exposure of $70 million as well as board approval to buy $30 million in spot bitcoin (BTC). "This Is The Way," goes the title of an essay penned by Marty Bent, founder of Bitcoin media company TFTC and managing partner of Bitcoin Venture Firm Ten31. "Figma is an incredibly well-run company, one of the darlings of Silicon Valley, and a product that every designer that I know uses in their day-to-day workflow," wrote Bent. "The fact that the founders of Figma, their board, and their finance team had the foresight to get exposure to bitcoin ETFs and spot bitcoin is an incredibly bullish signal." Unlike the gusher of companies of late announcing bitcoin treasury strategies (nearly all with essentially no operating business), Figma is different in that it has an actual product that people use and love and is sweeping some of its profits into BTC. Bent suspects that there are other privately run companies doing the same that will be going public in the coming 12-18 months. "After a certain amount of these unsuspecting companies reveal that they have bitcoin on their corporate balance sheet, it will become table stakes for everybody else," concluded Bent. "It will become 'unwise' to not have bitcoin on your balance sheet if you're a startup, even if you have nothing to do with bitcoin." There's been some frustration from bitcoin bulls over the lack of upward price movement given unending headlines of buy pressure from publicly traded corporates and the spot ETFs. Not making nearly as many headlines, though, is relentless selling pressure from long-term holders sitting on massive profits. Speaking with Bent, bitcoin analyst James Check estimated this selling peaked at a whopping 40,000 BTC per day. That the market can absorb that sort of selling and remain above $107,000 should be thought of as terribly bullish, said Check, and not as evidence of price suppression via creation of paper bitcoin.
Yahoo
16-04-2025
- Business
- Yahoo
Bitcoin's True Capitulation Zone Is $65K, Says Well-Followed Analyst
Where's the bottom for bitcoin (BTC)? While acknowledging it's possible that level has already been hit, on-chain analyst James Check suggested a true bottom may not be in place until after bitcoin suffers a true capitulation event. That would likely require a decline to the $65,000 area, said Check, calling it the "true market mean," i.e., the average cost basis for active investors. At that point according to Check, who spoke on the TFTC podcast, the average investor may begin to feel the pressure of unrealized losses. Even long-term holders, including those who have held bitcoin for five years, could find themselves underwater. Interestingly, this price level aligns closely with Michael Saylor's Strategy, which has a similar cost basis of around $67,500. While Check expects sizable declines from the $65,000 area, he sees strong support in the $49,000-$50,000 range, those prices representing the launch of the ETFs in 2024 as well as a $1 trillion market cap for bitcoin. A drop to as low as $40,000 seems unlikely, he said, barring a global recession. Check also took note of the extended period of "chopsolidation" in 2024 — where bitcoin traded for months in a wide range between $50K and $70K — as establishing a strong foundation of support.
Yahoo
15-04-2025
- Business
- Yahoo
U.S., coalition partners sanction 15 al-Shabaab leaders
April 15 (UPI) -- The United States and a coalition of six other nations dedicated to disrupting terrorist financial networks have imposed sanctions against 15 accused leaders of the Somalia-based al-Shabaab militant group. The sanctions were announced Monday by the U.S. Treasury, which said they target members of the designated terrorist organization involved in a range of activities from fundraising to improvised explosive device proliferation. The 15 alleged terrorists are considered key regional leaders throughout Somalia and have been accused of generating funds for al-Shabaab through illegal fee collection from locals as well as conducting kidnappings, dispatching their own police service to control residents and manufacturing and placing IEDs. "Al-Shabaab continues to terrorize and extort the Somali people, forcing farmers to turn over livestock as 'donations' and kidnapping civilians, while it destabilizes the wider region through its campaign of violence," Treasury's Acting Assistant Secretary for Terrorist Financing Anna Morris said in a statement. The sanctions are the eighth round from the Terrorist Financing Target Center, consisting of the United States, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Founded in 2017, the TFTC aims to counter terrorist financing networks through conducting joint disruption actions, including sanctions and law enforcement operations, as well as sharing information about related concerns and offering capacity-building assistance. "TFTC member states are stronger and more effective when working together to counter these shared threats to the international financial system, and we will maintain intensive pressure on terrorist actors and their financial networks," Morris said. The announcement comes after the Treasury sanctioned 26 people and entities connected with al-Shabaab.
