Strategy raised $206.61 million by selling 2.12 million shares of its STRC preferred stock, which trades at a $100 par value. The funds will be used to purchase approximately 2,536 Bitcoin at an average price of $81,471 each. This move follows the resumption of Strategy's ATM program and a recent $43 million Bitcoin acquisition. Despite criticism from economist Peter Schiff, Strategy continues to expand its Bitcoin holdings through equity offerings and preferred stock issuance.
Crypto markets opened June with declines as US-Iran tensions weighed on sentiment, pushing bitcoin and ether down about 1%. Despite $2.97 billion outflows from spot bitcoin ETFs, derivatives data suggest stable institutional risk appetite. Stellar's ...
Bitcoin's price is currently testing critical support levels as a small bear flag pattern breaks down, threatening a significant decline. The price is near the bottom of a 4-month bear flag and may soon fall below the 100-day moving average, with a p...
Bitcoin has entered a bearish channel after slipping below key support near $72,000 amid over $2.4 billion in spot ETF outflows, rising oil prices above $90, and renewed US-Iran military tensions. These factors have increased market uncertainty and s...
Bitcoin price is currently holding at the critical $72,754 level after breaking down from a bearish head and shoulders pattern on May 28, which typically signals a 10% decline. Despite the breakdown, selling volume has decreased, allowing buyers to d...
The crypto market is experiencing a liquidity drought with $1.81 trillion in market cap lost and $1.2 billion exiting Binance stablecoins in May, reversing earlier inflows. This signals growing investor caution amid global instability driven by West ...
