This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.

Click here to download a PDF of this article.

Ordinals have been a polarizing phenomenon for most every subcommunity in Bitcoin — except for miners.

The meteoric rise of the new Bitcoin-native NFT standard dominated discourse for months as Ordinals flooded blockspace and buoyed transaction fees to multiyear highs. According to critics, these transactions are, at worst, an attack on Bitcoin that tainted the sanctity of scarce blockspace; at best, they are shitcoins, the play-things of gamblers that belong on casino chains like Ethereum.

Well, miners…

Read more on BitcoinMagazine

MicroStrategy has upped its game by increasing its convertible notes offering from $500 million to $525 million, signaling unwavering confidence in the cryptocurrency’s potential. Led by Michael Saylor, the software giant aims to use the proceeds to purchase more Bitcoin, reinforcing its position as a major institutional investor in the digital currency space.

The offering, earmarked for qualified institutional buyers, features a modest interest rate of 0.875%, payable semiannually until 2031. This strategic move not only highlights MicroStrategy’s commitment to Bitcoin but also showcases its innovative approach to financing, offering notes convertible into cash, MicroStrategy stock, or a combination thereof.

Set against a backdrop of growing institutional interest in cryptocurrencies, MicroStrategy’s latest financial maneuver underscores the company’s belief in Bitcoin’s long-term value, setting a precedent for other corporations to follow in its footsteps.

Source

Sweden’s Central Bank Governor, Erik Thedeen, has raised concerns about the integration of Bitcoin into the nation’s financial system. His warnings come amidst a surge in the digital asset’s popularity and record-breaking highs in its value.

Sweden’s Central Bank on Bitcoin

Thedeen emphasizes the speculative nature of Bitcoin, stating:

“I want as little Bitcoin as possible in the Swedish financial system, It’s an instrument that is impossible to value, and in practice it’s based on pure speculation.”

This sentiment echoes throughout his statements, highlighting the risks associated with digital assets investments.

Despite Bitcoin’s current lack of threat to financial…

Read more on bitcoinnews

In a landmark decision, a high court judge has ruled that Australian computer scientist Craig Wright is not the elusive inventor of Bitcoin, known as Satoshi Nakamoto. The verdict comes after a series of legal battles and trials spanning several months, where Wright faced scrutiny over his claims to be the creator of the world’s most famous digital currency.

The Verdict

The presiding judge, Justice Mellor, delivered the verdict swiftly, stating that the evidence against Wright was “overwhelming.” Mellor declared:

“However, having considered all the evidence and submissions presented to me in this trial, I’ve reached the conclusion that the evidence is overwhelming.

First, Dr….

Read more on bitcoinnews

The Michael Saylor-led software company MicroStrategy has upsized its planned convertible senior notes offering from $500 million to $525 million.

The company intends to use the proceeds to acquire more Bitcoin, as per their recent press release, following a strategy it has pursued since 2020.

MicroStrategy announced it had priced the 0.875% convertible senior notes due 2031 in a private offering to qualified institutional buyers. The notes will be sold at 100% of the principal amount with an annual interest rate of 0.875%, payable semiannually. 

After March 2028, the company can redeem the notes in cash at 100% of the principal plus accrued interest if certain conditions are met. Holders…

Read more on BitcoinMagazine

MicroStrategy, the leading American business intelligence software company, is not stopping when it comes to buying bitcoin (BTC), and has proposed a new offering of $500 million of convertible notes “to acquire additional bitcoin.”

MicroStrategy bitcoin acquisitions show no sign of slowing down, as the funds raised now will be used to add more to the its already heavy bag. The “Bitcoin development” firm confirmed in an announcement on March 13 that the offering will come in the form of a “private offering to persons reasonably believed to be qualified institutional buyers.”

MicroStrategy Bitcoin Bet: Doubling Down

MicroStrategy is the largest corporate holder of bitcoin, having…

Read more on bitcoinnews

Financial guru and acclaimed “Rich Dad Poor Dad” author Robert Kiyosaki recently took to X to share his insights on investing, specifically highlighting Bitcoin’s distinctive edge over traditional assets. Kiyosaki, who owns both gold and silver mines as well as oil wells, noted a critical difference between these commodities and Bitcoin. He explained that the supply of gold and silver typically increases with their prices, leading to more of these metals being mined. This principle also applies to oil. However, Bitcoin stands apart due to its fixed supply limit of 21 million coins, which remains unchanged regardless of price fluctuations. Kiyosaki’s remarks subtly elevate Bitcoin, suggesting its superiority as an investment due to its scarcity. This inherent limit on Bitcoin makes it a more attractive option for investors looking for assets that can maintain their value over time, according to Kiyosaki’s analysis.

Twitter

VanEck, a leading global investment firm known for its innovative Bitcoin Trust (HODL), which is among the first ten spot bitcoin ETFs launched this year, is now turning its focus to Ether. Pranav Kanade, a portfolio manager at VanEck, believes that an Ether ETF could potentially attract even more demand than its bitcoin counterparts. Despite over $10 billion net inflows into bitcoin ETFs in just two months, Kanade sees a bigger market for Ether, citing its ability to generate fees for token holders as a key advantage. Ethereum’s Proof of Stake mechanism allows holders to earn yield through staking, offering about a 3% yield on platforms like Coinbase. This feature positions Ether as a more appealing asset for a broader investor base. However, the SEC’s approval for spot ETH products remains uncertain, with analysts estimating a 30% chance of success, while Kanade is more optimistic, estimating the odds at 50%.

Coindesk