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rewrite this title Bit Digital plans to expand share cap to 1B to advance Ethereum strategy

rewrite this title Bit Digital plans to expand share cap to 1B to advance Ethereum strategy

Key Takeaways

  • Bit Digital plans to triple its authorized share capital to 1 billion ordinary shares to fund its Ethereum growth strategy.
  • The expanded share authorization aims to allow for substantial equity financing focused on purchasing Ethereum.

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Bit Digital, the digital asset miner pivoting from Bitcoin to Ethereum treasury, will hold a key shareholder meeting in September to seek approval to triple its authorized share capital in support of its Ethereum accumulation plan and growth initiative, a Friday SEC filing has revealed.

The company plans to raise the number of authorized ordinary shares from 340 million to 1 billion, increasing its authorized share capital from $3.5 million to $10.1 million. Preference shares would remain capped at 10 million.

“Our management believes that our current authorized share capital is not sufficient for our needs,” the company said in the filing.

The proposal requires approval from a majority of ordinary and preference shareholders. The board unanimously recommended that shareholders vote in favor of the increase.

Bit Digital has grown its Ethereum holdings to 120,306 ETH, valued at approximately $450 million, CoinGecko data shows. It is one of the largest publicly traded institutional holders of Ethereum, trailing behind only Bitmine Immersion Technologies and SharpLink Gaming.

Bit Digital CEO Sam Tabar said Ethereum holds great promise as a foundation for a future digital financial infrastructure due to its programmability, widespread adoption, and staking yield.

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rewrite this title El Salvador Lied About Bitcoin Buys in 2025, IMF Report Shows

rewrite this title El Salvador Lied About Bitcoin Buys in 2025, IMF Report Shows

IMF confirms no new public-sector Bitcoin purchases by El Salvador despite government claims of daily accumulation

El Salvador’s government claimed throughout 2025 that it was buying one Bitcoin per day. However, a newly published IMF report directly contradicts those assertions.

IMF Reveals El Salvador’s Bitcoin Bluff

The July 15 report, part of the IMF’s Article IV consultation and first program review, makes clear that El Salvador has not bought any new Bitcoin since the $1.4 billion Extended Fund Facility (EFF) was approved in December 2024.

“The overall stock of Bitcoin held by the public sector has remained unchanged since program approval,” the IMF stated.

Throughout the year, President Nayib Bukele and El Salvador’s National Bitcoin Office continued to post on social media that the country was accumulating Bitcoin—one per day. 

Public-facing wallets showed an increase in holdings, and government tweets reinforced the idea of ongoing purchases.

On March 4, Bukele posted that the daily Bitcoin buying program was still active and would continue. 

Around the same time, the Bitcoin Office claimed holdings exceeded 6,102 BTC. The media cited these numbers, which were widely repeated in crypto circles.

However, the IMF debunked this story in its official program review.

What Actually Happened

According to the Fund, the rise in Bitcoin wallet balances came from internal movements between government-owned wallets—not new purchases. 

These wallet consolidations gave the illusion of buying but reflected no fresh market activity.

The report also disclosed “small fluctuations” in Bitcoin deposits in the government’s Chivo e-wallet. These, too, were addressed through internal corrective measures, not additional public funds.

Put simply, no taxpayer money has gone into buying more Bitcoin in 2025.

rewrite this title El Salvador Lied About Bitcoin Buys in 2025, IMF Report Shows
Local Newspaper Headline About El Salvador’s Bitcoin Reserve Value Soaring Above $725 Million After BTC All-Time High

Yet, this discrepancy raises serious questions about transparency and trust. El Salvador made global headlines in 2021 by adopting Bitcoin as legal tender. 

However, in January 2025, the country reversed course under pressure from international lenders and with a fragile fiscal position. 

More specifically, it stripped Bitcoin of legal tender status and agreed not to use public resources to acquire more.

The IMF’s new findings confirm that El Salvador is honoring its financial commitments.

Chivo Under Fire

The IMF report also cited “minor deviations” in performance criteria due to irregularities in the Chivo system. The Salvadoran government has agreed to fully end public-sector involvement in the Chivo Wallet by the end of July 2025.

This move aligns with a broader push for fiscal transparency and market discipline under the Fund-supported program. 

Also, the government has committed to publishing financial information for state-owned enterprises and to unwind the public Bitcoin trust, Fidebitcoin.

As the end-of-July deadline for privatizing Chivo approaches, the Bitcoin community will be watching to see if El Salvador follows through—or keeps spinning a narrative at odds with the facts.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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rewrite this title Traders Eye 0K BTC With Altcoin Rally Expected

rewrite this title Traders Eye $130K BTC With Altcoin Rally Expected

rewrite this content and keep HTML tags bitcoin’s rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (eth), Solana’s SOL, XRP, and dogecoin all posting high single-digit percentage gains. However, this time, price action isn’t just about momentum, as traders claim that market structure is evolving under the […]

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rewrite this title Maximize Your Crypto Investments, Harness Trends, and Control Risks

rewrite this title Maximize Your Crypto Investments, Harness Trends, and Control Risks

rewrite this title Maximize Your Crypto Investments, Harness Trends, and Control Risks

The crypto investment space is unlike any other. It's an incredibly volatile ecosystem where fortunes are made and lost within hours. This space rewards the informed and punishes the ignorant. You cannot thrive in the cut-throat sector without adequate knowledge, discipline, and consistency.

In this context, adequate knowledge refers to being familiar with several key concepts, including how to maximize your crypto investments, harness trends, and control risks. The hacks outlined below will get you started.

Maximizing Your Crypto Investments

In the current market, which is replete with high volatility, rapid growth, and constant innovation, you must prioritize maximizing your crypto investments. To do that, first visit the AvaTrade educational website. Here you can gain a better understanding of how to trade crypto alongside other popular financial instruments.

After learning the basics, set clear investment goals. That will help you build your portfolio, gauge progress over time, and make the necessary adjustments. While setting your investment goals, consider crucial factors like what you plan to achieve, your risk tolerance, and time horizon. Finally, try to put idle crypto assets to work through lending, staking, and yield farming.

Harnessing Market Trends

A single social media post can send a crypto asset to the moon. Conversely, a regulatory rumor or concern can tank a coin's value. That's just how the crypto market is. You must harness market trends to stay ahead, enjoy maximum returns, and minimize losses. In other words, go with the tide and avoid swimming against the current whenever you can.

Harnessing market trends requires you to do your homework. Follow recent developments on the most crucial platforms, from crypto news sites to Reddit's r/cryptocurrency. That is the only way to stay ahead of the curve and spot trends before they gain momentum. Also, use tools like Whale Alert and DeBank to monitor what savvy investors are doing closely.

Controlling Risk

Volatility isn't a bug in the world of crypto investing – it's an inherent feature. A coin can pump by over 100% within less than a day, or crash within a matter of minutes. Take $Trump as an example. This meme coin's value rose by over 300% overnight immediately after its launch, only to lose approximately 90% of its value within 24 hours. The sudden price changes led to both massive profits and losses.

You must mitigate your risk exposure to avoid enormous losses and remain in the crypto investing game for a long time. First, obey the golden rule of investing: only risk capital you can afford to lose. Secondly, set stop-loss and take-profit orders. Last but not least, you should hold your assets in secure wallets and optimize their protection with protocols like 2FA and biometric authentication.

Final Thoughts

Navigating the world of crypto investing is like sailing in finicky waters that are both promising and unpredictable. Many have made fortunes overnight from crypto assets. Sadly, thousands have also lost tons of money to volatile digital assets like Bitcoin, Solana, and Ethereum. Use the tips discussed here to avoid getting wiped out and squeeze every penny from crypto investing. Finally, and this can't be overemphasized, never invest what you can't afford to lose. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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rewrite this title Breaking News: Ripple ends SEC battle, XRP price surges

rewrite this title Breaking News: Ripple ends SEC battle, XRP price surges

rewrite this title Breaking News: Ripple ends SEC battle, XRP price surges

Ripple CEO Brad Garlinghouse has announced that the company is dropping its cross-appeal against the U.S. Securities and Exchange Commission, putting an end to the lengthy legal battle that originally started in December 2020. 

The legal dispute dates back to December 2020, when the U.S. Securities and Exchange Commission (SEC) sued Ripple Labs, co-founder Chris Larsen, and Garlinghouse. The SEC accused Ripple of raising $1.3 billion through unregistered securities sales of XRP.

Garlinghouse had previously described the $125 million fine imposed in August 2024 as a "victory," emphasizing that it was a 94% reduction from the $2 billion the SEC had initially requested.

If the SEC ultimately abandons its appeal, it will mark the official end of a four-year conflict that has affected the regulatory landscape of crypto assets in the United States.

Although the XRP price surge was short-lived, XY Mining cloud mining continues to provide crypto investors with $3,000 daily returns

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How to start cloud mining?

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XY Mining' core advantages include

  • Powered by renewable energy: Mines are located in Northern Europe, Canada, Asia and North America, which have abundant green energy resources. All operations rely on solar, hydroelectric and wind power.

  • Users do not need to purchase expensive mining equipment, maintain it, or sign contracts.

  • Provide deposits and withdrawals of multiple cryptocurrencies: DOGE, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, USDT-ERC20 and other cryptocurrencies.

  • Intuitive interface designed for beginners and experienced miners.

  • The affiliate program allows users to receive up to 3% + 1.5% referral rewards and up to $30,000 in bonuses.

  • No extra fees: transparent pricing, no hidden service fees or management fees.

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  • Compliance and transparency: The company is registered in the UK and operates legally, ensuring the transparency and compliance of the platform and protecting the rights and interests of users.

Summary

This development marks the possible closure of one of the most important cryptocurrency enforcement cases in recent years. Ripple's closing of its appeal shows that it is confident in its business model and regulatory status. The move may also provide clarity for other cryptocurrency companies that are dealing with SEC scrutiny. Most importantly for investors, confirmation that XRP's legal classification remains unchanged may bring new stability to the market, while XY Mining is a smart choice to bring stable passive income to investments.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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