Bitcoin rises following CPI report
Core CPI came in at 2.7%, slightly lower than the 2.8% economists had predicted.
The July CPI inflation report came out largely in line with expectations, boosting most cryptos including bitcoin, which jumped to over $119,000.
Nasdaq-listed Chinese company Next Technology Holding, an AI-enabled software development business, reported earnings this morning, revealing it has bumped up its bitcoin holdings by 5,000 to 5,833 bitcoin in the second quarter, which “resulted in significant value creation for our shareholders, driven by favorable market conditions and our disciplined accumulation strategy,” CEO Weihong Liu said.
In other bitcoin news:
Metaplanet, the sixth-largest corporate bitcoin holder, acquired 518 bitcoin for a grand total of 18,113.
UK-based The Smarter Web Company acquired 295 bitcoin and has a total of 2,395.
German investment and infrastructure firm 3U Holding AG acquired 131 bitcoin and now holds 331.
MARA Holdings announced it will acquire a 64% stake in Exaion in a $168 million deal. Exaion, a subsidiary of French utility group EDF, develops and operates high-performance computing data centers. Shares of MARA were slightly up in early trading.
