Bitcoin's Lightning Network continues to grow faster than ever before, with two major growth catalysts looming on the horizon. Despite a decline in Bitcoin prices since May, Lightning Network nodes, channels, and network capacity are hitting all-time highs every day now, and Lightning Network applications are starting to get traction.
MicroStrategy's relentless Bitcoin buying campaign continued on Monday with the completion of their $500 million secured debt raise, and the announcement of an "at the market" stock offering for up to $1 billion. The proceeds of both raises will go towards buying Bitcoin, which could soak up 0.2% of
Institutional Bitcoin adoption continued to rise in May, albeit at a slower rate than in prior months. MicroStrategy and many public Bitcoin mining companies continue to add to their Bitcoin holdings, but these additions have been offset in part by sales from companies like Tesla and Ruffer. Declining prices have
Yesterday morning, $9 billion of cascading liquidations helped send Bitcoin prices down as low as $30,000 on some exchanges. By the evening, prices had stabilized above $37,000, but fear and uncertainty still dominated the conversation around Bitcoin. So today, I decided to dig into historical Bitcoin price data
Michael Saylor's decision to move MicroStrategy's treasury into Bitcoin last August set off a wave of Bitcoin enthusiasm among institutional investors, and 8 months later, the enthusiasm hasn't let up. Dozens of institutions - public companies, private companies, hedge funds, and even insurance firms - have been hoarding Bitcoin on