Strategy increased its cash reserves by about $225 million to $3.225 billion by selling over 2.7 million common shares, while maintaining its bitcoin holdings at 843,775 BTC worth nearly $55 billion. This move supports liquidity and dividend payments on preferred stock amid complex financing pressures. The company had recently sold $216 million in bitcoin, marking a rare reduction after years of accumulation. Strategy remains the largest corporate bitcoin holder globally, balancing cash and crypto assets to stabilize finances.
Bitcoin spot ETFs attracted $273 million over two weeks, ending an $8 billion outflow streak, but this inflow barely covers the smallest weekly outflow during that period. The recent Bitcoin price rebound is driven mainly by derivatives rather than s...
Cryptocurrency markets display varied price changes with Bitcoin trading above $65,500, up 1.55%, and Ethereum near $1,900, up 1.66%. Several altcoins such as NEAR (+3.17%), PUMP (+20.89%), and DEXE (+7.81%) show significant gains, indicating selecti...
Bitcoin has been consolidating above $60,000 amid declining odds of a Federal Reserve rate hike in September. Large investors, or whales, have been accumulating BTC, adding over 20,000 tokens recently, signaling bullish sentiment. Technical indicator...
Anthony Scaramucci, founder of SkyBridge Capital, forecasts Bitcoin to rise through 2026, potentially reaching $70,000 to $75,000 by year-end despite a bear market and regulatory hurdles like the uncertain passage of the CLARITY Act in the U.S. He be...
Standard Chartered has reaffirmed its prediction that Bitcoin will hit $100,000 by the end of 2026, maintaining a positive outlook despite current market fluctuations. This forecast highlights potential significant gains for Bitcoin in the long term ...
