Michael Saylor, Chairman of Strategy, points to perpetual preferred shares under the ticker STRC as a 'safe haven' during Bitcoin's recent price volatility around $67,000. STRC has shown record-low volatility of just 2% over the past 30 days, outperforming the S&P 500, gold, bonds, and Bitcoin itself, while offering an 11.5% annual dividend yield. Saylor uses capital raised from STRC shares to accumulate Bitcoin aggressively, aiming to hold 1 million BTC by 2026 or within two years. This positions STRC as a less volatile, high-yield option amid turbulent crypto markets, though higher yields come with increased risk.
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
