Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Report: Businesses are buying Bitcoin at about four times the rate it's being mined
a day ago

According to Odaily Planet Daily, Bitcoin financial services company River stated in a research report that businesses are absorbing far more Bitcoin than miners are creating. Businesses are absorbing approximately 1,755 Bitcoins daily. By 2025, new Bitcoin issuance will be approximately 450 Bitcoins per day, meaning that businesses are absorbing nearly four times the supply from miners. Funds and spot ETFs are adding another 1,430 Bitcoins per day, further driving institutional demand. (CoinDesk)