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According to PANews, Fold Holdings, a Bitcoin financial services company, reported a first-quarter revenue of $7.1 million, marking a 44% increase compared to the previous year. However, the company's net loss widened to $48.9 million. Fold Holdings' Bitcoin holdings have grown to 1,490 BTC, valued at $150 million, representing a 50% increase from the fourth quarter of last year. The company's trading platform processed $250 million in transaction volume during the first quarter, with active accounts surpassing 600,000. In February of this year, Fold Holdings completed its listing on Nasdaq. Currently, the value of its Bitcoin holdings accounts for approximately 35% of its market capitalization $BTC
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According to PANews, data from SoSoValue indicates that on May 15 (Eastern Time), Bitcoin spot ETFs saw a total net inflow of $115 million. The Blackrock ETF IBIT recorded the highest single-day net inflow of $410 million, bringing its historical total net inflow to $45.423 billion. Conversely, the Ark Invest and 21Shares ETF ARKB experienced the largest single-day net outflow of $132 million, with its historical total net inflow standing at $2.567 billion. As of the time of reporting, the total net asset value of Bitcoin spot ETFs is $121.469 billion, with an ETF net asset ratio of 5.91% compared to Bitcoin's total market value. The cumulative historical net inflow has reached $41.514 billion.#BinanceAlphaPoints $BTC
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Key Observations of INIT/USDT 🥂
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$CAKE short 🥂
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Hey everyone! Just saw my last post about BTC’s but it’s weird my post has zero views so far 🤣 Maybe the algorithm’s playing hide and seek, or everyone’s too busy riding the crypto wave. Anyone else noticing this? Let’s get the convo going thoughts on this price action? 🚀📈 $BTC $BNB $ETH
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