Tag: Million

‘Rich dad’ Kiyosaki sells Bitcoin for over $2 million to invest in surgery centers and a billboard business

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Key Takeaways Robert Kiyosaki sold over $2 million in Bitcoin to invest in surgery centers and a billboard business. Kiyosaki remains bullish on Bitcoin and plans to repurchase with his increased cash flow. Share this article “Rich Dad Poor Dad” author Robert Kiyosaki cashed out over $2 million in Bitcoin to put money into surgery centers and a billboard business. In a recent statement on X, Kiyosaki said he sold approximately 25 Bitcoin at $90,000 each, which he originally purchased at $6,000 per coin years ago. The entrepreneur plans to…

$400 Million XRP Offloaded in Just 48 Hours, What’s Behind the Massive Sell Pressure?

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XRP has been hit by one of its most aggressive sell waves this year, with on-chain data revealing that major whale wallets offloaded nearly 200 million XRP, roughly $400 million, within just 48 hours. Related Reading: Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target? According to Santiment analytics, wallets holding between one million and ten million tokens were the primary contributors, adding significant sell-side liquidity to an already fragile market. This sudden influx of supply arrived at a time when XRP was already battling bearish…

Jim Cramer mocks Saylor and Bitcoin bulls over $1 million forecast by 2030

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Key Takeaways Jim Cramer criticized bullish predictions that Bitcoin could reach $1 million by 2030. The flagship digital asset has undergone extreme price fluctuations recently. Share this article CNBC’s Jim Cramer on Friday mocked Bitcoin bulls, especially Michael Saylor, for their overly optimistic Bitcoin price predictions, which he believes are unrealistic. “The consistent bullish crypto cheerleaders are due for a full-court press using claims of $1 million per bitcoin in 2030, or some other magical nonsense,” the popular financial TV personality wrote on X. “They need to defend themselves as…

Tom Lee’s BitMine reports $328 million in profit, prepares to launch MAVAN Ethereum staking next year

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Key Takeaways BitMine reported a net income of $328 million for fiscal year 2025 and will pay its first annual dividend. BitMine aims to launch its Made-in-America Validator Network for Ethereum staking in early 2026. Share this article BitMine Immersion delivered robust FY25 results, including more than $328 million in net income and EPS of $13.39, while unveiling major strategic developments. The firm will begin Ethereum staking through its new MAVAN infrastructure in Q1 2026, following pilot tests with leading institutional staking providers. BitMine also declared its first-ever dividend of…

Palantir CEO Alex Karp sells 585,000 shares for $96 million

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Key Takeaways Alex Karp, CEO of Palantir Technologies, sold 585,000 shares for about $96 million. Karp co-founded Palantir and has overseen the company’s operations since its inception. Share this article Palantir Technologies CEO Alex Karp sold 585,000 shares valued at approximately $96 million on November 20, according to a new SEC filing. The data analytics and AI-driven software company trades under the ticker PLTR. Karp recently made headlines after accusing traders who bought put options on Palantir shares of outrageous behavior and market manipulation, while brushing off concerns about the…

Arizona state pension fund reports $24 million Bitcoin exposure via Strategy shares

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Key Takeaways Arizona’s State Retirement System revealed approximately $24 million in Bitcoin exposure through its investment in Strategy shares. Strategy acts as a regulated vehicle for institutions wanting Bitcoin exposure without direct crypto asset holding. Share this article Arizona State Retirement System, which manages pension and benefit programs for public employees, disclosed about $24 million in Bitcoin exposure through its 76,238-share position in Strategy, according to a recent SEC filing. With Strategy stock (MSTR) closing at $177 on Thursday, the position’s current value has declined to $13.5 million. Strategy serves…

Bitcoin suddenly drops below $87,500, triggering over $250 million liquidation

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Key Takeaways Over $250 million was liquidated in the crypto market during a rapid price drop in the past hour. Major cryptocurrencies like Bitcoin and Ethereum experienced sharp declines, triggering margin calls. Share this article The cryptocurrency market experienced a sharp selloff, triggering over $250 million in liquidations in the past hour, as Bitcoin, Ethereum, and other digital assets posted sudden price drops. Bitcoin fell below $87,500 after climbing close to $92,000 earlier. The liquidation wave primarily affected long positions in Bitcoin and Ethereum, with traders facing cascading margin calls…

Metaplanet plans to raise $135 million in MERCURY preferred equity to buy more Bitcoin

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Key Takeaways Metaplanet will issue Class B Preferred Shares to raise substantial capital in order to accelerate its transition into a Bitcoin Treasury Corporation. With an issue price of ¥900 per share, the company expects to raise over ¥21 billion before expenses and ¥20.4 billion in net proceeds. Share this article ‘Asia’s MicroStrategy’ Metaplanet plans to raise over ¥21 billion, or approximately $135 million, via an allotment of 23.6 million MERCURY shares to acquire more Bitcoin. MERCURY is the company’s new Class B preferred equity. The estimated net proceeds of…

Famous Trader Bets $27 Million That The XRP Price Will Crash

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A famous trader is betting on a significant XRP price crash amid this recent market downtrend. The altcoin continues to struggle despite the recent launch of Canary’s XRP ETF, with popular analyst Ali Martinez suggesting it could soon drop below the psychological $2 level.  Famous Trader Opens $27 Million Short Position On XRP In an X post, the on-chain analytics platform Lookonchain revealed that a famous trader is shorting the market again, opening a 20x short on XRP worth $27.4 million. The trader has also opened short positions of 40x…

Millionaire Dave Portnoy grabs $1 million in XRP after missing god candle

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Key Takeaways Dave Portnoy stacked XRP, Bitcoin, and Ethereum during Monday’s market dip. In July, Portnoy sold his XRP at $2.4 just before a 50% increase in its value, prompted by advice regarding competition from Circle. Share this article Barstool Sports founder Dave Portnoy purchased $1 million worth of XRP on Monday, along with $750,000 in Bitcoin and $400,000 in Ethereum. The total investment exceeded $2 million. “So in total, last night, a million dollars of XRP, 400 ETH, 750 of BTC. Blood in the streets,” Portnoy shared in a…