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A pro-crypto senator is proposing legislation for the US to stockpile 1 million Bitcoin (BTC) as the country’s national debt continues to rise. Speaking at the Bitcoin 2024 Conference, Republican Senator Cynthia Lummis of Wyoming announces that she will propose a bill to establish a BTC reserve as a means of securing the value of the […]
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Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.
Executives at Metaplanet and Semler Scientific say MicroStrategy’s Bitcoin playbook inspired them to follow suit and emerge from “zombie” status this y— while their share prices have soared.
“We were hearing Michael Saylor talk about zombie companies, and we realized we were probably one of those companies because we were not getting any love in the stock market, our stock was not performing well, and we were still very cash-rich,” Semler Scientific’s chairman Eric Semsler explained at the Bitcoin Conference in Nashville on July 25.
Zombie companies earn just enough to continue operating and service debts but have no excess capital to spur growth and are often close to insolvency.
Former president Donald Trump is slated to attend a major Bitcoin (BTC) event as he continues to attempt to woo voters from the crypto community. In a post on social media platform X, the organizers of Bitcoin 2024 say that the Republican presidential candidate will speak at the conference, which will be held in Nashville, […]
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