Bitcoin miner Marathon Digital hit with another SEC subpoena
Marathon Digital announced on Wednesday that it has received a recent subpoena from the Securities & Exchange Commission (SEC), which is linked to an ongoing investigation into the company's data center located in Montana. The investigation focuses on possible breaches of securities laws. This new subpoena comes after Marathon Digital and a few of its executives were issued a related subpoena earlier in the quarter ending on September 30, 2021. The previous subpoena required them to produce records and communications pertaining to the facility located in Hardin, Montana. Source: Blockworks
Digital gold (bitcoin) correlation with gold is on the rise
While Bitcoin's $BTC correlation with the S&P 500 has been declining over the last year, it has been rising with Gold over the same period. Source: CNBC, Cryptoquant, Barchart
Bitcoin mining by country
Source: Bitcoin News via BitcoinPierre
Only 0.01% of the world holds 1 Bitcoin (BTC)
There are less than 1,000,000 people who hold at least 1 BTC in an address they control. Source: Glassnode
The Bitcoin market has stopped bleeding.
Realized P/L ratio (30d MA), a ratio between all coins moved at a profit and a loss (at the price last moved on chain), has flipped positive. Source: Glassnode, Dylan LeClair
Bitcoin Miners have Stopped Selling and Started Buying
Source: Bitcoin news, Glassnode
Global Venture Capital investment in digital asset start-ups
Crypto venture investments dips further post-FTX collapse Source: Bloomberg
Michael Saylor Bitcoin strategy
Michael Saylor, CEO of Microstrategy, shows that his strategy of accumulating bitcoin (using Microstrategy Treasury money) since August 2020 is still doing better than investing in any other asset classes.
