Strive, the world's seventh-largest Bitcoin treasury firm, announced a $4.2 billion capital raise by expanding its stock sales to accelerate BTC purchases. At current prices, this could add about 60,000 BTC to its existing 16,500 BTC, potentially moving Strive into the top three BTC holders. This move comes amid market volatility triggered by Strategy's recent $2.5 million BTC sell-off, which raised concerns about future sales and pressured BTC prices. Despite some firms reducing BTC exposure, overall treasury firm holdings increased by 1.8% in the past month, indicating continued confidence in BTC accumulation.
DonAlt, the trader known for accurately predicting XRP's 700% rally, cautions investors about the current Bitcoin market. He notes Bitcoin remains in a sideways range between $60,000 support and $82,300 resistance, with no major changes expected soon...
Bitcoin dropped below $70,000 following a large transfer of 10,422 BTC worth $739 million by the defunct Mt. Gox exchange as part of ongoing creditor repayments. Despite no immediate large-scale selling, the move triggered short-term selling pressure...
XRP has dropped below the key support level of $1.30 following increased selling pressure in early June, coinciding with Ripple's scheduled escrow unlock releasing 1 billion XRP. This technical breakdown comes amid Bitcoin's fall below $70,000, which...
Bitcoin's recent price recovery has paused as Strategy sold 32 BTC, its first sale since 2022, to fund dividends. Although the sale is small and Strategy still holds over 843,000 BTC, it raises questions about the 'never sell' stance. User holdings o...
Mt. Gox transferred 10,422 BTC worth about $739 million to a new unmarked wallet, its first major bitcoin movement since March. The transfer's purpose is unclear as the receiving wallet is not linked to any known exchange, easing immediate concerns o...
