Thursday, March 28, 2024
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Bitcoin Consolidates as Profitability for Long-Term Holders Increases – Blockchain News, Opinion, TV and Jobs

Last week, Bitcoin (BTC) concluded at approximately $37,350, posting an increase of 0.8% compared to the preceding week’s closing value of $37,000. It commenced with notable volatility, witnessing BTC’s price dropping to as low as $34,800 on Tuesday, followed by a robust recovery, nearly reaching $38,000 on Wednesday. Subsequently, BTC

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Bitcoin mining firms keep building despite BTC mining profitability slump

Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements.On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The

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UK Neobank Monzo Attains First-Time Monthly Profitability Following Lending Surge

Monzo hit profitability after its lending volume for the period ending February 2023 ballooned to £759.7 million. British neobank Monzo Bank has revealed it attained monthly profitability for the first time in 2023 following a lending surge. In its annual report for the year ending February 2023, the online bank said it became profitable

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MicroStrategy’s ($MSTR) $4 Billion Bitcoin Bet Inches Towards Profitability

Bitcoin’s recent hike has brought MicroStrategy’s Bitcoin bet closer to profitability again. Under Michael Saylor, the IT firm spent over $4 billion to acquire more than 138,900 BTC over three years. The Bitcoins were purchased for an average price of $29,817, just $1500 more than its current price. The company’s share price has

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