Cointelegraph By Sam Bourgi

Other Bitcoin miners such as Core Scientific, Argo Blockchain and Riot Blockchain have reduced their BTC holdings during the bear market. Source: Coin telegraph bitcoin

Elon Musk’s electric vehicle company sold 75% of its BTC in the second quarter. The company’s overall profitability was impacted by inflation and the competition for battery cells. Source: Coin telegraph bitcoin

El Salvador officially made Bitcoin legal tender in September 2021; since then, the Latin American country has placed BTC near the center of its economic growth strategy. Source: Coin telegraph bitcoin

The business intelligence firm has now amassed 129,699 BTC at an average price of $30,644, according to CEO Michael Saylor. Source: Coin telegraph bitcoin

Sentiment in the crypto community is the lowest it has ever been, leading to fresh speculation that BTC is a dying asset. Source: Coin telegraph bitcoin

Crypto lender BlockFi was among several companies to liquidate at least some of 3AC’s positions, according to a new report. Source: Coin telegraph bitcoin

Block Inc. is looking to bypass Web3 entirely and focus on a new Bitcoin-centric model for identity management. Source: Coin telegraph bitcoin

Although traditional fund managers remain hesitant about investing in Bitcoin and Ether, their exposure to digital assets appears to be growing. Source: Coin telegraph bitcoin

Bitcoin investment funds are seeing positive inflows while Ether funds continue to be drained, according to industry data. Source: Coin telegraph bitcoin

The Bitcoin spot ETF added to its holdings over the past five days, offering a positive sign that buyers were stepping in to take advantage of lower prices. Source: Coin telegraph bitcoin