Michael Saylor, executive chairman of Strategy, indicated the company might sell some Bitcoin to maintain liquidity and fund debt repayments, marking a shift from its previous 'never sell' approach. Strategy holds about $65 billion in Bitcoin and plans to use sales cautiously to support its business and manage dividend costs amid a $12.54 billion net loss reported in Q1. Despite this, Strategy continues to buy Bitcoin, recently adding 535 BTC, and aims to remain a long-term net buyer. The company also filed a plan to repurchase $1.5 billion of convertible notes, potentially funding this through Bitcoin sales, cash reserves, or equity proceeds.
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
