Despite the increase in the value of its Bitcoin holdings, Metaplanet reported a net loss of 2.1 million USD for the nine months ending September 30, 2024. This represents an improvement compared to the net loss of 2.7 million USD reported for the same period last year. The financial data highlights the company's ongoing challenges in achieving profitability, even as its cryptocurrency investments show positive returns. #BTC
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Hougan views this “sticky” institutional demand as a sign of long-term bullish sentiment, suggesting that the current market cycle is still in its early stages, with Bitcoin positioned for continued growth. #BTC #ETF
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On Nov 10, 2024, 04:46 AM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 78,000 USDT benchmark and is now trading at 78,045.976563 USDT, with a narrowed 2.15% increase in 24 hours.
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