LISTED: GAHC OTC Pink - GLOBAL ARENA HLDG INC COM Technology : Software & IT Services
Company Profile:
Global Arena Holding, Inc. is a holding and technology development company. The Company operates through its three subsidiaries, which include Global Election Services, Inc. (GES), GAHI Acquisition Corp. (GAHI) and Tidewater Energy Group Inc (Tidewater Energy). Its primary subsidiary, GES, provides technology-enabled paper absentee/mail ballot and internet election services to organizations, such as craft and trade organizations, labor unions, political parties, co-operatives and housing organizations, associations and professional societies, universities, and political organizations. GES has developed election software for a data storage and retrieval registration system to determine voter eligibility and prevent duplicate votes with in-person digital signature capture, as well as election software for scanning/tabulation utilizing advanced optical mark reader (OMR)/ optical character recognition (OCR)/ barcode imaging software featuring de-skewing, de-speckling and image correction.
*This is an OTC (over the counter) pink sheet stock,
it moves in relation to BTC with a
long delay.
Movement (daily change in price)
will be like watching paint dry.
UNTIL it catches up to a quick gain in BTC.
(Delayed reaction).
*All time high was $8,986 per share
on 6/1/2002. (1/12 split adjusted)
*Current management since 2009
per John Matthews chairman & C.E.O.
*10/05/2022 1 FOR 12 REVERSE SPLIT INITIATED WITH
SYMBOL CHANGE FROM GAHC TO GAHCD
***SHARES DEPOSITED IN CORPORATE ACCOUNT
ON 10/07/2022.
Thank you, Morgan Stanley/ E*TRADE.
***Global Arena Holding Updates Shareholders on Subsidiary Company Global Election Services
9:53 AM ET 1/23/23 | Dow Jones
New York, NY, Jan. 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Global Arena Holding, Inc. ("the Company" or "GAHC") (OTC PINK: GAHC) announced today an update on the Company's subsidiary, Global Election Services, Inc. ("GES").
As we begin 2023, GES is pleased to announce a corporate rebranding as well as the expansion of the Company's already existing resources to provide current and prospective clients additional services. GES will diversify into four divisions in the areas of: Government Elections, Corporate Governance, Interactive Communication, and our current business of organized labor and private organization elections.
The first division will focus on our application to the U.S. Elections Assistance Commission in order to qualify for certain election certifications that would allow GES to enter into the U.S. Government Election market. GES Management has identified a six-step strategy:
Step 1 - Voting System Testing. Testing current developed systems to U.S. Federal 2.0 Standards
Step 2 - Technical Data Package Review. Reviews submitted documents against documentation requirements of outside agencies, published standards, or U.S. specifications
Step 3 - Physical Configuration Audit. Examines the documentation of the system against the actual submitted system
Step 4 - System Integration Testing. Executes tests on all components of a system configured as if the system was deployed
Step 5 - Functional Configuration Audit. Examines submitted test data and conducts additional testing to verify submitted system hardware and software described in the documents submitted to the Elections Assistance Commission and the Department of Homeland Security
Step 6 -- Security Testing. Performs vulnerability assessments and penetration analysis to assess system vulnerabilities
The second GES division will focus on Corporate Governance election administration for publicly traded companies. Reporting companies must comply with the SEC's proxy rules whenever its management submits proposals to shareholders that will be subject to a shareholder vote. GES will provide election administration services to public companies that hold shareholder votes, drawing on our experience with organized labor elections and our already developed proprietary registration, tabulation and online voting software.
The third GES division will focus on Interactive Communication between organizational leadership of labor unions, public companies, political parties, athletic teams, professional associations and their members, constituents and fans. GES will work to provide our current and future clients with the ability to understand their voters, using a variety of social media platforms available today.
GES is currently working with third party vendors and utilizing GES' current proprietary technology to create a product that will be able to help clients to:
-- Communicate a Message -- An organization can get their message out
clearly in the form required, without any unwanted media spin, bias,
filtering, or comment.
-- Fine Tune Policies -- Test-drive policies and projects with immediate
response, allowing for responsive adjustments to be made to make a
message more acceptable to the community.
-- Build a Positive Image -- Enhancing the concept of 'open communication'
and 'democratic politics', which leads to an increasingly positive
perception of leaders by their constituents.
-- Learn More About a Group -- Learning more about a group's preferences and
opinions on an infinite number of topics can help the Organization,
Institution or League and leaders better serve its community and meet
their needs in a variety of ways.
Management believes this type of interactive software capabilities will give GES an opportunity to offer clients a new way to communicate in real time with their members by raising issues of concern, polling the attitude of their constituencies and interacting in question-and-answer sessions in addition to conducting elections that GES certifies.
GES' fourth division is Organized Labor, our current operating business. In 2023, GES plans to expand its client list based on our solid reputation of over four decades of successful and reliable election services. GES provides comprehensive technology-enabled election services to organizations such as craft and trade organizations, labor unions, political parties, co-operatives and housing organizations, associations and professional societies, universities, pension funds and credit unions, and entertainment organizations. GES senior management has been supervising elections since 1981, having managed thousands of election projects involving over forty million (40,000,000) voters, certifying each labor election with the U.S. Department of Labor. The primary method of voting for GES elections is Paper Mail Ballots, however, in-person, secure online voting or hybrid options are also available.
GES has developed, deployed, and owns proprietary election software in the areas of: Registration software, which was designed specifically to authenticate and register voters; Scanning and Tabulation election software. The software utilizes advanced OMR/OCR/Barcode scanning and tabulation system featuring de-skewing, de-speckling and image correction and Online election voting software. GES built an online voting platform on one of the most secure global infrastructures, Amazon Web Services (AWS) which is a comprehensive, evolving platform provided by Amazon that includes a mixture of infrastructure as a service (IaaS) platform as a service and packaged software (PaaS), and software as a service offerings (SaaS).
The Company's Chairman, John S. Matthews, stated, "We look forward to 2023. The Company's management team is busy preparing the 2022 financials and audited report. The Company will have further updates shortly on future growth strategies concerning all of its operating subsidiaries, including GES' growth into government elections, corporate governance and interactive communication sectors. Please visit our website at www.voteges.com to see our new look." Management urges anyone interested in our company to review the GAHC filings at sec.gov.
*Global Arena Holding Initiates 1 for 12 Reverse in Support of Potential Capital and Growth Endeavors
11:13 PM ET 6/20/22 | GlobeNewswire
NEW YORK, NY, June 20, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Global Arena Holding, Inc. (the "Company") (OTC Markets: GAHCD), a growth oriented, acquisition minded company focused on specific niche markets offering exponential growth, is announcing that at a Special Meeting of the Board of Directors was held on June 10, 2022, and the Directors addressed the shareholder approval for the 1 for 12 reverse, while discussing the 2021 annual Shareholders meeting. In discussing the need to move forward with the 1 for 12 reverse split, the Directors considered the potential lack of an ability to attract new employees, retain and motivate current employees, and raise potential capital for current acquisitions, mergers, or investments.
Prior to its annual 2021 Shareholder Meeting, the Company had filed the required Schedule 14A which included the proxy statement and proxy with the Securities Exchange Commission, and hearing no comments, created a record date of July 8th, 2021.
The Company then mailed, and electronically posted its proxy statement and proxy through third party companies Broadridge, Mediant and Clear Trust, notifying all shareholders of the proposals, and the location of the annual meeting of the Company, which was held at the Kimberly Hotel, 145 E. 50th Street, New York, New York 10022 at 9:00 a.m. local time, on September 7, 2021. In the proxy statement, the Directors clearly discussed the proposal for shareholders to authorize the Company to effectuate a 1 for 12 reverse split of all outstanding common shares. Clear Trust LLC, which acted as the Company's independent 3rd party transfer agent and election administrator reported after the Company reached quorum the following result;
PROPOSAL TO AUTHORIZE REVERSE STOCK SPLIT:
YES: 76.577% 752,850,022 Common shares
NO: 23.322% 229,283,640 Common Shares
ABSTAIN: 0.101% 992,370.0 Common Shares
At that Special Meeting of the Board of Directors held on June 10, 2022, in order to facilitate potential capital for current acquisitions, mergers, or investments, and with Shareholder Approval, the Directors hereby authorized GAHC to effectuate the 1 for 12 reverse split of all outstanding common shares. This action will also reset conversion prices of existing convertible debt, raising them in accordance with the 1 for 12 reverse. GAHC filed the required FINRA Issuer Corporate Action Notification on June 17, 2022, and is awaiting its review and comments.
***Global Arena Holding Files 10-K Highlighting Revenue Growth, Debt Reduction and Expanding Business Opportunities
6:22 PM ET 4/4/22 | GlobeNewswire
Global Arena Holding Files 10-K Highlighting Revenue Growth, Debt Reduction and Expanding Business Opportunities NEW YORK, NY, April 04, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Global Arena Holding, Inc. (the "Company") (OTC Markets: GAHCD), a growth oriented, acquisition minded company, focused on specific niche markets offering exponential growth, is pleased to announce that the Company has filed its Form 10-K with the Securities and Exchange Commission, and is excited to share a few highlights. 2021 Year End Financial
Summary:
-- Gross revenue for the year was $1,223,116; an increase of roughly 91% from the same period in 2020.
-- Net Losses for the year reflected ($877,612), which is an approximate 50% improvement over the same period in 2020, which reflected a Net Loss of ($1,746,125).
-- Costs and expenses increased 9% to $1.89M for the year, as compared to $1.75M during the corresponding reporting period in 2020.
-- Cash on the balance sheet had decreased from roughly $0.06M as of
December 31, 2020, to approximately $0.01M at the close of 2021. Additionally, it is important to highlight the Company's capitalization table as management greatly endeavored to stave off dilution by improving its convertible debt balance sheet. As a result, the total number of common shares outstanding in 2021 was 2,044,502,156, a 19.36% increase over the 1,712,958,504 common shares outstanding ending the year of 2020 -- a difference of 331,543,652 common shares. Yet, this increase was more than 50% less than the increase that occurred between the end-of-year 2019 (985,539,957 common shares) and the end-of-year 2020 (1,712,958,504 common shares); an increase of 727,418,547 common shares (395,874,895 shares more than the end-of-year 2021). Management attributed this to the Company entering note settlement agreements [as reported] with investors to settle certain convertible notes and accrued interest for a payment of $25,000 and 75,000,000 shares of the Company's common stock. At that time, the Company also recognized a gain of $509,080 on the settlement of its debt. Management continues to be enthusiastic about the growth opportunities at the Company's subsidiary, Global Election Services, Inc. (GES), which operates on a three-year business cycle as most clients have officer elections every three years. In further support of GES' growth, on February 10, 2021, the U.S. Election Assistance Commission (EAC) announced the adoption of the Voluntary Voting System Guidelines (VVSG) 2.0. These guidelines were formulated to improve cyber security, accessibility, and usability requirements in the U.S. voting process. During 2021, GES engaged software and hardware developers to assist with working toward the qualification process of applying for U.S. certification. Further, as it regards GES, the Company aligned with TrueVote, Inc. (a comprehensive end-to-end, de-centralized, digital voting system) to develop a proprietary election software for the Company. Management believes that an online system, based on proven database methodologies, and layered with a "checksum" posted on the Blockchain, will potentially break new ground for the future of voting for elections in both the U.S. and abroad. Lastly, with the recent additions of E.M. "Kiki VanDeWeghe, III, and Magdiel Rodriguez to the GES Advisory Board, the Company is positioning itself to potentially expand its operational capabilities, at both the parent and subsidiary levels. John S. Matthews, the Chairman of the Company, stated, "We are pleased with the continued progress and growth of the Company, and our operating subsidiary, GES. Management is now preparing additional software and hardware updates following recent new guidelines issued at both the Federal and State levels. We will soon be providing shareholders with additional information as the Company prepares for our 2022 shareholders meeting." Mr. Matthews continued, "Although 2020 created enormous challenges due to the Covid-19 pandemic, I can confidently say that based on our 2021 accomplishments, both financially and operationally, I believe that Global Arena Holdings, Inc., has the ability to weather many socioeconomic storms. This is because at our core, we assist with the management of open and fair elections at every level; private or public. And this is something that has always been fundamental to a free and law-abiding society, making this a necessary service and somewhat recession proof." "I would like to thank our shareholders for all their continued support in 2021. I'd also really like to thank the management, staff, and outside vendors, who believed in what we are doing, so much so, that they continued administering elections under the most difficult of environments in the past couple years; ultimately giving us the ability to have such a visibly positive performance in 2021. We continued to develop and improve our proprietary registration and tabulation software, expanded our management team, and negotiated what we believe will be valuable business opportunities. We are all looking forward to what we will accomplish in 2022 and beyond." As always, management recommends reading the Form 10-K in its entirety and contacting the Company with any questions. For more information on these and other developments, please visit the Company's website at: http://GlobalArenaHolding.com, where you can also access all SEC filings, as the Company continues to pursue a more effective investor relations initiative.
As described in the TrueVote White Paper, a fundamental property of secure elections is a provably tamper-proof immutable ballot. TrueVote accomplishes this through a data integrity pattern known as a “checksum”.
Checksums
A checksum takes data and “hashes” it through a known industry algorithm, such as MD5. The algorithm creates a string of characters that the ONLY way to create the same string of characters is if the input data is the same.
Take this simplified payload of ballot data as an example:
Running this data through the MD5 algorithm results in a checksum that is, of course, different than the original:
abba8fbcd5b52ddc6361d5f66f961e39
Now imagine, instead of just one ballot, there are hundreds of millions of ballots and hashing those into a single checksum. Once the MD5 hash is run, again you are presented with a checksum such as those above. This checksum assures that given the point in time the hash was generated, the ballot data was exactly in a certain state, and if any one piece of that data is changed, it will generate a different checksum.
All TrueVote ballots are hashed, that checksum is stored, and all the data used to generate the hash is available for anyone to generate the hash and compare it to the stored hash. This process provides for a repeatable way of determining that data (e.g. ballots) have not been altered.
Enter Bitcoin
At this point in considering modern software design in the cryptographic and cryptocurrency era we live in today, most entrepreneurs seem to come to the conclusion that they must now launch a new coin and/or blockchain and manage the data there, call it a “decentralized” system and start marketing their new “innovation”. It’s intellectually dishonest.
There are many reasons to not do this. Decentralism is not a buzzword. It’s a really, really hard goal to achieve and only Bitcoin has done it. Jimmy Song lays it out quite well in his seminal piece, Why Blockchain is Not the Answer. It’s a worthy read.
At TrueVote, we’ve taken a much more sensible, pragmatic, and truly decentralized approach. We use Bitcoin.
Bitcoin + OpenTimestamps = Immutable Data
As mentioned in the second page of the white paper, Bitcoin core developer Peter Todd created OpenTimestamps to facilitate data is in a certain state based on something known — time. OpenTimestamps verifies data based on the time the data is hashed to the state of the Bitcoin blockchain at that time and provides a ‘Verified’ status if the data has been unchanged based on the ‘stamp’ it issued at the time it was hashed.
This is exactly what TrueVote is using to validate ballot data. Periodically, depending on the volume of data, TrueVote takes all the ballot hashes, hashes those to generate a single hash (aka Merkle Root), and then uses OpenTimestamps SDK to generate an attestation stamp based on the current time and state of the Bitcoin blockchain. The only way the stamp could have been generated is if the data was a certain way at that time.
As Bitcoin is the only truly decentralized blockchain, we never need to be concerned that the state of the blockchain at the time of stamp will ever be altered or removed. It will be provable as long as Bitcoin exists.
TrueVote is building tools to enable anyone to download the ballot data, run the same algorithm that TrueVote uses to generate the checksum, and then validate the checksum stamp on any node running Bitcoin blockchain.
THIS is how we have an immutable, provable, trustless, election system, secured by the most powerful monetary network in the world, Bitcoin.
“Blockchain” is not the magic solution looking to solve all the worlds’ problems, but the Bitcoin blockchain can solve at least two of them. Bitcoin has started to fix money. Voting is up next, and TrueVote is bringing it to the world.
If you liked this blog post and would like to learn more, please visit us at TrueVote.org and follow us on Twitter @TrueVoteOrg.
*Global Arena Holding Launches Social Media Campaign Ahead of the Emerging Growth Conference on October 27, 2021
4:15 PM ET 10/20/21 | GlobeNewswire
Global Arena Holding Launches Social Media Campaign Ahead of the Emerging Growth Conference on October 27, 2021
New York, NY, Oct. 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Global Arena Holding, Inc. (the "Company") (OTC Markets: GAHCD), a growth oriented, acquisition minded company focused on specific niche markets offering exponential growth, is pleased to announce that the Company is launching its social media campaign, beginning with Twitter (@GAHCinc); broadening communications with shareholders and the general marketplace ahead of the upcoming Emerging Growth Conference.
John Matthews, CEO of Global Arena Holding, Inc., stated, "We believe it's important to develop other mediums of communication that will allow us to connect with our shareholders. This begins with social media -- starting with Twitter -- and includes our hosting additional webinars, giving interviews and participating in conferences, such as the upcoming Emerging Growth Conference."
***Global Arena Holding to Present at The Emerging Growth Conference on October 27, 2021
1:15 PM ET 10/8/21 | GlobeNewswire
Global Arena Holding to Present at The Emerging Growth Conference on October 27, 2021
New York, NY, Oct. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Global Arena Holding, Inc. (the "Company") (OTC Markets: GAHCD), a growth oriented, acquisition minded company focused on specific niche markets offering exponential growth, is pleased to announce that on the heels of a well-received presentation this past September, the Company has been invited to once again present at the Emerging Growth Conference on October 27, 2021.
The Company has engaged software and hardware developers, with whom GES is working to begin the qualification process for U.S. and various U.S. State certifications. This will require the hiring of additional technical software employees, and additional outside vendors who in initial discussions are interested in stock-based compensation.
Management understands the complexity of stockholders voting for the Authorization of an increase in the Company's authorized capital stock as well as the Authorization of a reverse stock split of the outstanding common shares. However, opportunities such as these act as the key driver of management's proposals; only to be used if needed. Furthermore, considering that the Company has entered into debt reduction arrangements (mentioned here and here), management believes that the 'so-called' toxic convertible debt obligations have been dramatically reduced and close to being eliminated -- meaning, excessive dilutive conversions are not a driving factor in management's contemplation of adjusting the capitalization table.
The fact is, there is just an unbelievable amount of distrust in voting companies by U.S. citizens due to the 2020 Presidential election. Management firmly believes this unfortunate reality may create a unique opportunity for the Company, whereby these proposals will be very helpful in ensuring the future growth of the Company.
Management would also like to take this opportunity to remind its stockholders that they previously voted for, and authorized the use of a reverse stock split, which management decided against using as the deals presented at the time were not believed to benefit the Company's stockholders. To that end, management would like to reaffirm that the proposals sought for authorization would only be used if management and its outside legal and financial advisors agreed that any action, such as a reverse stock split, would be accretive and/or hold some other benefit to its stockholders.
Management is confident that the August 12th webinar (Thursday at 4:30 pm EDT) will provide stockholders with the insight they need to grasp the importance of the upcoming Annual Stockholders' Meeting and the support that is needed from both voting and non-voting stockholders to help keep the Company on track for an exceptional 2022.
John Matthews concluded, "I'm looking forward to this webinar. Not only do I believe it is the right thing to do for our stockholders, but it will set the tone for the type of professionalism, commitment to stockholder inclusion and continued growth that can be expected from this management. I ask that all stockholders, along with anyone interested in our Company's future, please attend our webinar on Thursday, August 12th at 4:30pm EDT."
As always, management recommends reading the Company's financials in their entirety and contacting the Company at any time with any questions.
For more information on these and other developments, please visit the Company's website at: http://GlobalArenaHolding.com, where you can also access all SEC filings, as the Company continues to pursue a more effective investor relations initiative.
ABOUT GAHCD
Global Arena Holding, Inc. trades on the OTC Markets, under the ticker symbol GAHCD. The Company has been publicly traded since 2011 and holds a number of interests, including Global Elections Services, Inc., Tidewater Energy Group Inc., and GAHI Acquisition Corp. Please find the Company's filings at SEC.gov
ABOUT Global Election Services, Inc. (GES)
Owned by Global Arena Holding Inc., GES provides comprehensive technology-enabled election services to organizations such as craft and trade organizations, labor unions, political parties, co-operatives and housing organizations, associations and professional societies, universities, pension funds and credit unions, and entertainment organizations. GES senior management has been supervising elections since 1981, having managed more than Eight Thousand Six Hundred (8,600) election projects involving over Forty Million (40,000,000) voters, certifying each labor election with the U.S. Department of Labor. The primary method of voting for GES elections is Paper Mail Ballots. No election supervised by GES or its senior management has ever been overturned by the U.S. Department of Labor. Management has an extremely strong reputation in the market and a very extensive, longtime customer list. Our mission is to help our clients conduct efficient, accurate, secure and less costly elections with greater participation. As a viable independent third party managing each election, we work to increase methods and rates of participation while maintaining the One Voter = One Vote Integrity that our management team has been committed to for nearly 4 decades.
As per Euromoney Learning definition:
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called ahash.
Reading the definition of blockchain itself you are probably already understanding my point in question here, if the US (and other countries around the world) have adopted or do adopt in the future the blockchain as the platform for their voting system, no politician (or anyone else) will be able to challenge the reliability of the casted votes or of the counting: the records in a blockchain are immutable.
Some countries like Estonia and Brazil already have adopted electronic voting systems and moving these systems to the blockchain would be an additional step on increasing the security and reliability of these systems. Japan already introducing blockchain voting initiatives.
The excuses of some politicians and groups that a digital system would avoid the access to elections to the "disenfranchised" is completely bollocks, today almost every citizen in the Western economies do have access to internet, mobile phones with internet and so on. If Facebook, Twitter, Instagram at al can have billions of using accessing their platforms, it is more than logical that any kind of electronic / online voting system would be easy to access from these countries.
For those without the access "from the comfort of their sofas", the Governments can setup the traditional structures for the citizens to cast their votes, but I argue that any online / digital system will be hundreds of times more secure and reliable than the current "mail voting" that we saw in the USA and are also very common in the UK elections.
The events of the last days in the US has shown us that we do need citizens to trust on their electoral system, this is a fundamental pillar of the democracies and, therefore, the adoption of new technologies which enable citizens to be sure about the transparency and reliability of their elections is paramount.
Lastly, management believes the approximately 3,080 local municipal Boards of Elections located throughout the United States, who are responsible for managing the election process under State laws, will re-enter the marketplace for absentee/Mail ballot registration and tabulation software systems. As more states increase the adoption of absentee and/or mail-in ballots as an effective option, the likelihood that GES may be retained by municipal jurisdictions grows larger. Management believes that this could afford GES the ability to increase its absentee, mail-in ballot and in-person election services with a broader expansion into government elections.
E.H.W.,INC.
Has
Voted
on
8/03/2021
@4:41 p.m.
E*TRADE SECURITIES LLC
GLOBAL ARENA HOLDING, INC
2021 Annual Meeting
Tuesday, September 07, 2021
Your selections for GLOBAL ARENA HOLDING, INC Control # XXXXXXXXXXXX3843 have been submitted successfully.
Grayscale Bitcoin Trust (BTC), formerly Bitcoin Investment Trust, holds bitcoins and, from time to time, issues creation baskets in exchange for deposits of bitcoins and distributes bitcoins in connection with redemption baskets. The activities of the Trust includes issuing Baskets in exchange for bitcoins deposited by the authorized participants or liquidity providers, as applicable, with the custodian as consideration and transferring actual bitcoins as necessary to cover the combined fee and selling bitcoins as necessary to pay extraordinary fees. The activities of the Trust also includes transferring actual bitcoins in exchange for Baskets surrendered for redemption by the authorized participants, causing the sponsor to sell bitcoins on the termination of the Trust. The Trust also engages in all administrative and custodial procedures necessary to accomplish such activities in accordance with the provisions of the trust agreement.
Company Contact
Headquarters
636 Avenue of the Americas
New York, NY 10011-4228
Invested 10/02/2017
@ 7.5717
*GBTC STOCK SPLIT HISTORY
GBTC (GBTC) has 1 split in our GBTC stock split history database. The split for GBTC took place on January 29, 2018. This was a 91 for 1 split, meaning for each share of GBTC owned pre-split, the shareholder now owned 91 shares. For example, a 1000 share position pre-split, became a 91000 share position following the split.
*All time high was 20.94 per share
on 12/04/2017.
(PRE SPLIT)
**Breached in 2020.
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******2nd highest % gainer across all portfolios
UP +913.34%+ since initial share purchase.
Quote #8. "Are we in a bubble? We couldn't be further from it.
The average investor doesn't understand how provocative
these next five to 15 years are going to be, as these S curves
feed one another and enter exponential growth trajectories
that we have never seen before."
~Ark Invest's Cathie Wood.
*Rothschild Investment Corp snaps up quarter of a million shares in Grayscale ETH Trust
Rothschild Investment Corp, has acquired more than 250,000 shares in Grayscale’s ETH trust, and added 8000 shares to its BTC trust holdings
4/16/2021
Investors Direct More Than $3 Billion to Grayscale Investments(R) in Q4 2020
LISTED:OTCQX US ETCG GRAYSCALE ETHEREUM CLASSIC TR SHS
Company Profile:
Grayscale Ethereum Classic Trust (ETC) ("ETCG") is an investment vehicle that enables investors to gain access and exposure to Ethereum Classic in the form of a security without the challenges of buying, storing, and safekeeping it directly. Shares are distributed through sales in private placement transactions and become eligible to sell into the public market after a statutory one-year holding period. While an investment in the shares is not a direct investment in Ethereum Classic, the shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to Ethereum Classic. The shares are quoted on OTCQX under the ticker symbol "ETCG." ETCG's investment objective is for its shares (based on Ethereum Classic per share) to reflect the value of the Ethereum Classic held by ETCG, less ETCG's expenses and other liabilities. To date, ETCG has not met its investment objective and the shares quoted on OTCQX have not reflected the value of Ethereum Classic held by ETCG less, ETCG's expenses and other liabilities, but have instead traded at a substantial premium over such value. For as long as the Shares trade at a substantial premium, investors who purchase Shares on OTCQX will pay substantially more for their Shares than investors who purchase Shares in the private placement. Ethereum Classic per share is updated daily here: http://gryscl.co/ETC. ETCG's sponsor is Grayscale Investments, the world's largest digital currency asset manager.
LISTED:NASDAQ HIVE HIVE DIGITAL TECHNOLOGIES LTD COM NEW : (Financial Technology / Infrastructure)
HIVE Company Overview
HIVE Digital Technologies Ltd, formerly HIVE Blockchain Technologies Ltd, is a Canada-based data center technology company. The Company owns green energy-powered data center facilities in Canada, Sweden, and Iceland. The Company also builds and operates data centers in North America and Europe. It also operates a fleet of thousands of approximately 38,000 NVIDIA graphic processing units (GPU). The Company’s fleet GPU includes 4,000+ NVIDIA A40s w/48 GB RAM, 400+ NVIDIA RTX A6000s w/48 GB RAM, 12,000+ NVIDIA RTX A5000s w/24 GB RAM and 20,000+ NVIDIA RTX A4000s w/16 GB RAM. It operates over 100 MV of data center in Canada. Its hardware powers cutting-edge projects ranging from web3 to artificial intelligence (AI) and high-performance computing (HPC). The HIVE cloud is an enterprise-class service offering affordable computers for demanding applications, including AI training and inference. It also has 46 MV in Sweden and Iceland.
Company Contact
Headquarters
855 - 789 West Pender Street
Vancouver, BC
V6C 1H2
Invested 2/05/2020
@ 0.15039
*Added to Investment
8/02/2021
@ 2.75
(2nd Portfolio Chase I.R.A.)
*Added to Investment 10/04/2021
@ 2.81
(2nd Portfolio Chase I.R.A.)
*All time high was $28.75 per share
on Feb. 1, 2021.
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*************15thHighest percent gainer across ALL
our portfolios.
UP +176.49%+
*HIVE Blockchain Announces Proposed 5 to 1 Share Consolidation
6:35 PM ET 5/10/22 | Dow Jones
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2022) - HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF)
(the "Company" or "HIVE") announces that it intends to complete a consolidation (the "Consolidation") of its common shares ("Common Shares") on the basis of five (5) pre-Consolidation Common Shares for one (1) post-Consolidation Common Shares. As of the date hereof, there are 411,209,923 Common Shares issued and outstanding. On a post-Consolidation basis, the Company shall have approximately 82,241,984 Common Shares issued and outstanding.
It is expected that the Common Shares reflecting the Consolidation will commence trading on the TSX Venture Exchange and the Nasdaq on or around May 20, 2022.
The Company will not be changing its name in connection with the Consolidation. Completion of the Consolidation is subject to the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. Pursuant to the Business Corporations Act (British Columbia) and the articles of the Company, shareholder approval of Consolidation is not required. Frank Holmes, Executive Chairman of HIVE stated, "In speaking to shareholders at the numerous conferences I have attended in the past 60 days, it is apparent that some shareholders are finding it challenging to compare HIVE to its industry peers as we have many more shares outstanding." Mr. Holmes continued, "Even though HIVE has a higher market capitalization than many of our peers, and stronger fundamentals as measured by Price/Earnings ratios, revenue per employee and debt to equity ratios, the increased share price creates more institutional visibility because many of their fundamental screens exclude stocks under $5 a share. Hive has very attractive fundamentals when compared to other tech stocks and trading at a higher share price can make it much more appealing. Many institutional investors, mutual funds in particular, have policies against taking positions in a stock priced under a minimum share price, regardless of the market capitalization. HIVE's share price will increase; however, its market capitalization is not expected to change, outside of the effect of market forces. We believe the profile of HIVE could expand because of this stock consolidation as those minimum share prices will no longer be a barrier to investment. After the bear market in 2009 many stocks with great fundamentals like Citi Group rolled back their stocks to be more attractive to a broader audience of investors." Darcy Daubaras, CFO of HIVE said, "We believe that an increased share price arising from the share consolidation, on the TSX-V and especially the Nasdaq, will enable us to attract a broader range of shareholders, gain increased liquidity and deliver long-term value to investors. After the share consolidation has taken effect, we will have a more comparable number of shares to our peers, and hope to expand our institutional reach." Mr. Daubaras continued, "The purpose here is to add shareholder value. HIVE continues to be one of the most profitable crypto mining companies in the industry, and we are laser-focused on sustainably expanding and optimizing our mining operations."
Move arrows in circle to the upper left to move camera 360 degrees in video
MARA
LISTED: NASDAQ MARA MARATHON DIGITAL HOLDINGS, INC COM
MARA Company Overview
Marathon Digital Holdings, Inc., formerly Marathon Patent Group, Inc., is a digital asset technology company. The Company mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. It operates in the Digital Currency Blockchain segment. The Company operates Data Center in Hardin, Montana, United States with a power capacity of approximately 105 megawatts. The Company also owns approximately 2,060 Application Specific Integrated Circuits (ASIC) Bitcoin Miners at a co-hosted facility in North Dakota, United States. Its mining hardware performs operations in support of the blockchain measured in hash rate or hashes per second.
Company Contact
Headquarters
1180 N Town Center Dr Ste 100
Las Vegas, NV 89144-6308
Invested 5/12/2018
@ 5.20275
*All time high was
234.00 per share on
3/1/2012.
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*********6th Highest gainer
across all portfolios
UP +409.00%
UP +563.97% in 2nd portfolio.
(Chase IRA)
*Cost basis $2.85 / share.
4/09/2019.
*MW Marathon Digital logs record earnings as it pushes past 'operational challenges'
8:14 PM ET 5/9/24 | MarketWatch
By Emily Bary
The company sold 26% of the bitcoin it produced during the first quarter
Marathon Digital Holdings Inc. said that it faced "operational challenges" in the latest quarter but managed nonetheless to take advantage of the cryptocurrency boom.
The bitcoin-mining company on Thursday posted first-quarter net income of $337.2 million, or $1.26 a share, compared with net income of $118.7 million, or 72 cents a share, in the year-before period.
The company also posted adjusted earnings before interest, taxes, depreciation and amortization of $528.8 million, up from $144.5 million a year ago.
Marathon's (MARA) revenue rose to $165.2 million from $51.1 million, while analysts were expecting $182.1 million. Both the revenue and net-income totals were records, Marathon said.
Shares dipped 1% after hours.
"Despite the operational challenges we faced in the first quarter, we were able to leverage our agility to redistribute equipment to newly acquired sites amidst ongoing repairs," Chief Executive Fred Thiel said in a release. "When combined with our HODL strategy, these actions allowed us to capitalize on bitcoin's positive momentum and produce record financial results for the quarter."
See also: Bitcoin is trading sideways, but get ready for another rally in September
Marathon describes that HODL strategy on its website, where it calls itself "frequently" one of the biggest bitcoin holders among listed U.S. companies. "We HODL (hold) a large amount of bitcoin as a tenet of our corporate treasury strategy," the website says.
The company sold 26% of the bitcoin it produced during the first quarter, putting the proceeds toward operating expenses.
Operational challenges in the first quarter included equipment malfunctions and greater weather disruptions than Marathon had projected.
Marathon disclosed a $488.8 million quarterly gain on digital assets, whereas it racked up $137.4 million in such gains during the same period a year before. The difference in gains largely reflected a dramatically higher bitcoin price in the early part of 2024 relative to what was seen in 2023.
For instance, the price of bitcoin (BTCUSD) exceeded $71,000 at the end of March 2024, whereas it was over $28,000 at the end of March 2023, Marathon noted.
Riot Blockchain Inc., formerly Bioptix, Inc., is focused on gaining exposure to the blockchain ecosystem through its cryptocurrency mining operations, internally developed businesses, joint ventures, and targeted investments in the sector. The Company primarily focuses on Bitcoin and general blockchain technology. The Company has deployed approximately 8,000 application-specific integrated circuit (ASIC) miners at its cryptocurrency mining facility in Oklahoma. The Company, through its subsidiary TESS Inc., seeks to develop a blockchain-based escrow service for wholesale telecom carriers. It holds a 13% interest in Coinsquare Ltd, which is a digital currency exchange in Canada. It also holds investments in Verady, LLC, which provides crypto currency accounting and audit technology services.
Company Contact
Headquarters
202 6th St Ste 401
Castle Rock, CO 80104-1724
Invested 11/24/2017 in (P1)
@ 20.8562
UP +267.28% in 2nd portfolio.
(Chase IRA)
Cost basis is $2.85 / share.
6/25/2019
^**30thHighest percent gainer
across all portfolios (P1)
UP +30.81%
Next Earnings Date
8/16/2022
*All time high/ ATH
was 3,033.00 per share on
Oct.1st, 2007.
By Q4 2022, Riot anticipates a total hash rate capacity of 7.7 EH/s, assuming full deployment of its anticipated fleet of approximately 81,146 Antminers acquired from Bitmain, 95% of which will be the latest generation S19 series model of miners. When fully deployed, the Company's total fleet is expected to consume approximately 257.6 MW of energy with an overall hash rate efficiency of 33 joules per terahash (J/TH). This demonstrates Riot's commitment to being a market leader by building one of the largest and most efficient Bitcoin mining fleets in the industry.
BTCS Inc., formerly Bitcoin Shop, Inc., is engaged in the business of hosting an online e-commerce marketplace where consumers can purchase merchandise using digital currencies, including bitcoin and with operations in the blockchain and digital currency ecosystems. The Company operates a beta e-commerce marketplace, which accepts a range of digital currencies, have designed a beta secure digital currency storage solution BTCS Wallet. The Company's transaction verification services business (bitcoin mining) enables running application-specific integrated circuit (ASIC) servers. The ASIC servers solve a set of prescribed mathematical calculations in order to add a block to the blockchain and thereby confirm bitcoin transactions. The Company's beta e-commerce marketplace offers approximately 250,000 curated products and utilizes its Intelligent Shopping Engine to find competitive prices on products from over 250 retailers.
*BTCS Inc. Welcomes Ashley DeSimone to Its Board of Directors
8:30 AM ET 4/18/24 | Dow Jones
Silver Spring, MD, April 18, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, is thrilled to announce the appointment of Ashley DeSimone to its Board of Directors. This addition underscores BTCS's commitment to enhancing its governance structure and driving sustainable growth through adding expertise.
Ashley DeSimone brings to BTCS a wealth of experience in corporate strategy, and investor and public relations, having held leadership roles in a leading capital markets advisory and investor and public relations firm, as well as having executive experience at an investment firm. Her background in public company investor relations is anticipated to help BTCS' board continue to navigate the rapidly evolving blockchain ecosystem.
"We are delighted to welcome Ashley to the BTCS Board," said Charles Allen, CEO of BTCS. "Her deep experience working with and advising high-profile companies in the U.S. capital markets, combined with her understanding of the blockchain space, make her an invaluable asset to our team. Ashley's appointment is a testament to our commitment to strengthening our board and ensuring our company's governance is robust and poised for future growth."
Ashley's appointment comes at a pivotal time as the Company has just announced new initiatives, including Builder+ and ChainQ, to expand its operations and explore new opportunities within the blockchain industry. Her insights and leadership are anticipated to play a critical role in guiding BTCS through its next phase of innovation and expansion.
"I am excited to join the BTCS Board of Directors and work alongside a team that is at the forefront of leveraging blockchain technology for real-world applications," said Ashley DeSimone. "I believe in the Company's vision and look forward to contributing to its success."
With the addition of Ashley, BTCS continues to demonstrate its dedication to diversity and excellence in its leadership team, ensuring it is well-equipped to achieve its strategic goals and enhance shareholder value.
About BTCS:
BTCS Inc. is a Nasdaq listed company operating in the blockchain technology sector since 2014 and is one of the only U.S. publicly traded companies with a primary focus on proof-of-stake blockchain infrastructure. Our core focus is on driving scalable growth through a diverse range of business streams leveraging and built on top of our core and proven blockchain infrastructure operations. BTCS secures and operates validator nodes on cutting-edge blockchain networks that power Web 3, earning native token rewards by staking our proof-of-stake crypto assets, with an emphasis on Ethereum. Our innovative "StakeSeeker" platform empowers crypto holders with an analytics-focused cryptocurrency dashboard. It also offers a non-custodial Staking-as-a-Service solution, enabling users to earn staking rewards, while BTCS earns a percentage of token holders' rewards, creating the potential for scalable revenue with limited additional costs. We've also introduced "Builder+", an Ethereum block builder. This technology leverages advanced algorithms to maximize profit through optimized block construction. Builder+ creates opportunities for new scalable revenue streams by being utilized by third-party nodes. www.btcs.com.
OTC Pink - Current Information DIGAF DIGATRADE FINL CORP CL A Financials : Investment Banking & Inv.
DIGAF
Company Overview
Digatrade Financial Corp, formerly Bit-X Financial Corp., focuses on entering into the crypto-currency exchange and Internet financial business. The Company is developing a crypto-currency exchange. The Company is focused on licensing, developing and branding a digital exchange trading platform and peer to peer electronic payment processing network that allows users to trade fiat currencies and alternative currencies. The Company's subsidiaries include Digatrade Limited, Digatrade (UK) Limited and Digatrade Limited.
MGT Capital Investments, Inc. (MGT) is a bitcoin miner. The Company is involved in mining bitcoin and ethereum, whereby the Company earns revenue by solving blocks to be added to the block chain. The Company has partnered with Bitmain Technologies and is using their Bitmain S9 Antminers. MGT will own and operate approximately 7,000 Bitmain S9mining rigs, and 50 graphics processing unit (GPU)-based ethereum mining machines.
Company Contact
Headquarters
150 FAYETTEVILLE STREET,, SUITE 1100
Raleigh, NC 27601
Invested 9/17/2019
@ 0.02405
*All time high was $88,000.00 per share on
July 1st, 1994.
*EARNINGS REPORT 8/17/2020 AFTER BELL
MGT Capital Reports First Quarter Results
9:05 AM ET 5/15/20 | Dow Jones
Important Disclosures Regarding May 11, 2020 Bitcoin Halving
RALEIGH, N.C., May 15, 2020 /PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB: MGTI) yesterday filed its Form 10-Q quarterly report with the Securities and Exchange Commission for the period ended March 31, 2020. The complete filing can be accessed via the Company's website or at www.sec.gov.
Results for the first quarter reflect operations of the Company-owned and managed facility in Lafayette, GA. This site consists of 1,500 new generation Bitcoin miners (nearly all S17 Pro Antminers from Bitmain Technologies), collectively rated at approximately 80 Ph/s in computing power. As previously stated, all third-party hosting arrangements and investor-owned miner agreements were terminated by year-end 2019.
Revenue for the three months ended March 31, 2020 totaled $677,000, reflecting nearly a full quarter of mining at the site. Operating expenses for the quarter totaled $1.6 million, including $605,000 in cost of revenues and $1.0 million in general and administrative expenses. Non-operating expenses totaled $366,000, resulting in a net loss for the quarter of $1.3 million. Included in the net loss figure are non-cash charges totaling just under $1.0 million.
Cash flow provided by operations was $183,000 for the quarter and included the recovery of $431,000 in previously paid energy taxes in Sweden. The Company used $381,000 in investing activities, $343,000 of which was used to complete the final operating phase of its mining facility in Georgia.
In April, MGT secured a $108,000 loan in connection with the Paycheck Protection Program offered by the U.S Small Business Administration. During the quarter and through May 14, 2020, the Company issued 49.2 million shares of common stock upon the conversion of $500,000 in debt principal, reducing the outstanding debt principal to $429,000. Shares outstanding are 462,931,961 as of May 14, 2020. On this same date, the Company's cash balance was $65,000.
During April and May, the Company preliminarily resolved its derivative actions pending in state and federal courts. Consideration for the settlements include adoption of certain corporate governance reforms and payments to the Company totaling $290,000, of which approximately $180,000 will be paid to the plaintiffs and to the plaintiffs' counsel. As previously reported, MGT also reached a settlement in December 2019 resolving a federal securities class action lawsuit.
Lastly, on May 11, 2020, the third "halving," as proscribed in the Bitcoin protocol, occurred. This halving revised the mining network reward payout to 6.25 Bitcoin per block discovered, from the previous reward payout of 12.5 Bitcoin per block. Since network difficulty is based upon blocks, not coins, halving reduces the number of new Bitcoin being generated by the network in each period. Consequently, if the overall network hash rate does not fall, each miner will see its number of discovered Bitcoin reduced per Ph/s employed, as compared to pre-halving.
While the effect is to limit the supply of new coins, halving has no impact on the quantity of total Bitcoin already outstanding. Moreover, the daily new supply from mining represents an extremely small percentage of the 18.4 million BTC outstanding and a very small fraction of daily BTC trading activity. As a result, the price of Bitcoin could rise or fall based on overall investor and consumer demand. Should the price of Bitcoin remain unchanged after the latest halving, and the overall network hash rate stays stable, the Company's revenue would be reduced by 50%, with a much larger negative impact to profit.
OTC Pink - Current Info PCHK PACIFIC CONQUEST HLDGS INCCOM Basic Materials : Metals & Mining
Note*This is a Not a blockchain stock / we do own shares.
PCHK Company Overview
Pacific Conquest Holdings Inc., formerly Shale Oil International Inc., is an exploration-stage company. The Company is engaged in the exploration of mineral properties. The Company's operations include financing development companies for the acquisition of new mineral properties. It owns and operates the Lori Mamquam Property and is located in the Vancouver Mining Division, British Columbia. Through MinQuest, Inc., the Company is conducting mineral exploration activities in mining claims collectively known as Dolly Varden South, situated in Elko County. The Company has an agreement with MinQuest, Inc. to conduct mineral exploration activities on and in mining claims collectively known as the Gilman Gold Property situated in Lander County.
Company Contact
Headquarters
7251 W Lake Mead Blvd Ste 300
Las Vegas, NV 89128-8380
Invested 6/10/2019
@ 0.425
1T
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Best case multiple target
predicted
ALL TIME HIGH
TARGET 3
for 2023-2025
(((280,500)))
(Based on a 17X Multiple)
from current bottom.
Retired
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(SEMI-RETIRED)
(((165,000)))
Projected HIGHTarget-2
Based on 10X multiple
from bottom
by year end 2024.
*Estimated multiple could be much higher
10 to 17 times is possible.
(Halving in April/May 2024)
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Next Uptrend
ATH (LOW) Target 1
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^^^68789^^^
ATH
11/10/2021
(Breached 3/08/2024)
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Escape @64749@ Velocity
4/14/2021
10/20/2021
11/07/2021
2/4/2024
BREACHED
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>Down 49296 Trend<
Broken
8/20/2021
9/02/2021
10/04/2021
12/15/2021
12/21/2021
2/14/2024
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Thanks 45000 Elon #1
(back above on
8/8/2021 & 10/01/1021
2/08/2022 &
3/01/2022 &
3/25/2022
1/1/2024!)
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{MACD
Turned Positive
On
7/26/2021/
1/24/2022/ 1/28/2022/
11/9/2023}
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Thanks 35539 Elon #2
Ripped thru again on
7/25/2021,
11/01/2023
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5yr Technical
Chart ^32000^ Support
(Crossed back above on 7/23/2021,
5/30/2022, 10/23/2023)
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(ALL TIME HIGH in 2017)
@
(19783)
Breached on 11/30/2020,
6/20/2022,10/25/2022,
1/13/2023
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17371
17348
17336
17323
17280
17274
17256
17153
17090
17000
16987
16965
16871
16771
16740
16641
16500
16478
16316
16193
16146
16000
15954
15937
15725
15600
15523
15444
15289
15271
15200
15000
14971
14750
14655
14527
14500
14362
14298
14278
14238
14050
14016
*Unlimited Upside,
No further resistance on chart.
Trendline/Key Resistance
5 yr chart.
PASS >>> 13880 <<< HERE.
#3 BREACHED!!!
10/31/2020
13846
13777
13749
13640
13339
13285
13206
12992
12962
12875
12871
12862
12567
12481
12458
12440
12304
12096
12064
12041
11992
Trendline/Key
Resistance #2)/3YR chart.
*{BREACHED 1st on 8/02/2020,
2nd time on 8/9/2020,multiple times breach}
>>11983<<
11929
11852
11810
11713
11625
11580
11456
11367
10956
10565
“When Bitcoin breaks back above 10.5k I think it’s going to move faster than TSLA did. Super low float and way more eyes on it now. Nothing pumps like BTC,” he explained.
*{BREACHED on 7/27/2020,
9/24/2020}
10500
10384
10310
10214
10118
10048
10000
9950
9887
9773
9710
9634
9626
Trendline Resistance{BREACHED}
#1)/1YR Chart.
{9549}
9413
9395
9349
9270
9183
9054
9014
8914
8805
8643
8574
8472
8394
8297
8264
8133
8074
7859
7777
7703
7638
7548
7523
7466
7329
7300
7265
7167
7141
7081
6964
6880
6777
6768
6755
6740
6717
6630
6566
6500
6429
6302
6073
5808
5592
5482
5320
5278
5178
5148
4601
4423
4221
4190
4055
3964
3701
3648
02/10/2019
START
Total circulation will be 21,000,000 coins. It’ll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years.
{LIMITED SUPPLY}
(2012)
*Halved on November 28th, 2012
Block reward was dropped from
50 Bitcoins to 25.
first 4 years: 10,500,000 coins
(2016)
*Halved on July 9th, 2016
Block reward was dropped from
25 Bitcoins to 12.5
next 4 years: 5,250,000 coins
(2020)
*Halved on May 11th, 2020
Block reward was dropped from
12.5 Bitcoins to 6.25
next 4 years: 2,625,000 coins
(2024)
*Halved on April 20th, 2024
Block reward was dropped from
6.25 Bitcoins to 3.125
next 4 years: 1,312,500 coins
(2028)
*Will occur on March 26th, 2028
Block reward will drop from
3.125 Bitcoins to 1.5625
next 4 years: 656,250 coins
(*Refer to Countdown Clock click below.)
Satoshi Nakamoto :
Inventor of Bitcoin, implemented the first blockchain,
deploying the first decentralized
digital currency.
Scientific career:
Digital currencies, computer science,
cryptography.
Bitcoin (BTC) is the original cryptocurrency, developed by a person (or a group of people) under the pseudonym of Satoshi Nakamoto. The cryptocurrency has neither a central issuer nor central authority and is governed by the community of its users. Bitcoin price is defined solely by the market, and users can buy Bitcoin via multiple services. The coin was released in 2008 and became a huge phenomenon for both the IT and the financial world. Bitcoin news became a major theme for the whole fintech industry. The Bitcoin to USD ratio is listed on almost every financial service. Bitcoin is maintained with the Proof-of-Work algorithm. It is a technology that requires users to provide their computing power to solve complex mathematical tasks in order to register and secure transactions. This process is called “Bitcoin mining”. A person who participates in Bitcoin mining is called a Bitcoin miner. While Bitcoin mining is performed, transactions are encrypted via the Sha-256 algorithm and registered on the computers of every peer which makes it virtually impossible to change any information within Bitcoin’s network. The updated Bitcoin live price online is available on Coin360.com.
"When I first read the Bitcoin whitepaper back in 2010, I realized this computer science breakthrough might be the key to unlock this vision of the future," Armstrong said. "Cryptocurrency could provide the core tenets of economic freedom to anyone: property rights, sound money, free trade, and the ability to work how and where they want."