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.
Bitcoin failed to sustain a price above $64,000, with recent declines possibly linked to escalating Middle East conflicts. The price found temporary support near the 200 SMA but risks falling further to the bull market trendline around $59,000 if dow...
Ethereum's ETH/BTC trading pair surged to 0.02858, breaking a resistance level intact since June, signaling a potential market shift. Institutional interest is strong, with Ethereum ETFs gaining over $128 million in July, outpacing Bitcoin. Robinhood...
Bitcoin dropped 1.8% to around $62,853 following renewed US-Iran military clashes near the Strait of Hormuz, which also pushed oil prices above $74 per barrel. The geopolitical tensions caused investors to flee riskier assets, impacting equities and ...
Tom Lee, co-founder of Fundstrat, highlights the rising Ethereum-to-Bitcoin (ETH/BTC) ratio as a potential indicator of a broader crypto market recovery. The ratio recently tested resistance near 0.0286 BTC after rebounding from a June low, suggestin...
Bitcoin traded near $63,000, down 2% after the US launched a third round of strikes on Iran, prompting Tehran to close the Strait of Hormuz, a key oil shipping route. Brent crude oil prices surged 4.5% as tanker traffic through the strait dropped sig...
