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.
The memecoin market outperformed Bitcoin and Ethereum over the past week with a 5% gain, led by strong performances from Shiba Inu (SHIB), which rose 6.37% weekly. Despite recent bullish momentum, SHIB faces a critical resistance zone at $0.0000055 t...
Bitcoin is moving away from a weakness zone and may enter a stronger bullish phase, according to CryptoQuant's analysis. Although the market has not yet experienced extreme speculative mania, Bitcoin's price rose 2.5% to $78,240.79, with indicators s...
Bitcoin surged past $80,000, reaching $80,240 during early trading, even as the Clarity Act, a key crypto regulatory bill, remains stalled in the U.S. Senate. This rally occurred alongside notable gains in Solana, which rose to $37, and Hyperliquid, ...
Bitcoin experienced a volatile week influenced by U.S. inflation data, the Federal Reserve's 25 basis point rate hike, and the Senate's rejection of the CLARITY bill. Despite initial price drops following these events, Bitcoin recovered steadily, rea...
Bitcoin surged 6% to over $81,000 driven by two key factors: the SEC's new exemption allowing regulated platforms to trade tokenized stocks on-chain, and falling crude oil prices which eased inflation concerns. The SEC's move came despite the Senate ...
