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STRC preferred stock jumps 30% as Strategy builds $4B cash reserve and bitcoin price steadies above $60K
Strategy's STRC preferred stock surged over 30% from its June low, now trading near $94, supported by bitcoin sales totaling $321 million and a $4 billion cash reserve. The company repurchased $106 million of STRC stock and maintained a 12% annual di...
AI infrastructure boom may trigger a sharp correction, potentially sparking Bitcoin's next bull run.
BitMEX co-founder Arthur Hayes warns that the rapid growth in AI infrastructure is overhyped and resembles a capital-intensive real estate bubble, risking a major correction similar to the 2008 financial crisis. He argues that excessive lending and o...
SBI acquires Bitbank for $289M, becoming Japan's largest crypto asset operator.
SBI Holdings, a key Ripple partner, has acquired Japanese crypto exchange Bitbank for about $289 million, marking one of Japan's largest crypto deals. This acquisition will make SBI the biggest digital asset operator in Japan, managing over $7 billio...
