Strategy, formerly MicroStrategy, has sold Bitcoin for four consecutive weeks, marking a shift from its long-standing accumulation strategy. The company reported an $8.2 billion paper loss due to Bitcoin's price decline and sold $218 million in Bitcoin to cover preferred stock dividends, breaking its previous commitment to hold Bitcoin permanently. These sales are driven by financial obligations from convertible notes and preferred stock dividends that the company's software revenue cannot cover. ETF inflows have absorbed these sales, preventing a price crash, but the shift raises questions about the sustainability of corporate Bitcoin treasury strategies and the impact on Bitcoin's market demand. Investors will watch future filings to see if Strategy resumes buying or continues selling, which will influence the stock's premium and market perception.
Bitcoin dropped nearly 3% from $81,340 to $78,915 following a stronger-than-expected US jobs report, which reduced chances of a Federal Reserve rate cut and increased the likelihood of a rate hike. Despite this pullback, Bitcoin has shown upward mome...
Ultra Clean Holdings reported a 24.3% year-over-year revenue increase in Q2 and beat non-GAAP EPS estimates, signaling strong operational performance. Despite this, shares fell due to profit-taking and worries about negative operating cash flow cause...
Confidential Ripple documents leaked by crypto researcher SMQKE name Uber and Airbnb as prime examples of platforms needing instant, low-value cross-border payments to workers. Ripple's technology offers atomic settlement, ensuring payments either fu...
Munich Re reported a 23% year-over-year increase in net income to €3.9 billion for the first half of 2026, driven by strong investment returns and disciplined underwriting despite an 11.3% drop in property and casualty reinsurance revenue. The compan...
On September 3, 2026, several US-listed spot XRP ETFs surged by up to 17%, roughly double the 7-8% gain of the XRP token itself. This created a significant pricing imbalance where some ETFs traded at a premium to their net asset value (NAV), driven b...
