Bitcoin Jumps To $120K, Catapulting Strategy’s Holdings To Record $77.4 Billion
Bitcoin bounced back above the six-figure mark, and a company that has bet heavily on the coin saw the value of its stash climb to a record $77.4 billion. Related Reading: Bitcoin As The New Battleground—Sweden Signals Interest In Joining The Race According to market trackers and other reports, the rebound in Bitcoin price pushed […]
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Ethereum’s steward moved part of its crypto coffers this week, converting a chunk of ETH into stablecoins as it adjusts how it funds projects and grants. Related Reading: Bitcoin Jumps To $120K, Catapulting Strategy’s Holdings To Record $77.4 Billion Foundation Moves To Stablecoin Holdings According to reports, the Ethereum Foundation converted 1,000 ETH into stablecoins […]
Strategy’s BTC holdings could be at risk following Technical expert Tony Severino’s revelation about Bitcoin’s current price action. The expert noted that the flagship crypto’s 200-day MA is below the average cost of the company’s BTC holdings, meaning they could still hold an unrealized loss at some point. Strategy’s Stock At Risk With Bitcoin’s 200-Day […]
Strategy’s $40 billion Bet on Bitcoin has become the subject of a class action lawsuit. The plaintiffs accuse the company’s executives of making misleading statements. This comes amid the firm’s latest purchase of 7,390 BTC. Strategy Faces Lawsuit Over Bitcoin Bet According to Strategy’s filing with the SEC, the plaintiffs filed a class action lawsuit […]
Bitcoin edged higher on Sunday as signs of easing US-China trade tensions lifted risk assets, while Strategy’s founder hinted the company kept adding to its Bitcoin holdings. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot Strategy Keeps Buying Michael Saylor posted a chart on October 26 that uses orange dots to mark recent purchases. The visual cue has become his shorthand for new buys. Based on reports, Strategy added 387 BTC between October 13 and October 20, bringing its total to 640,418 BTC. That number is striking on its own. It shows a steady,....
Strategy’s share price has taken a beating this year, but its Bitcoin hoard remains in the black and still changes the long-term picture for investors. Related Reading: China’s Bitcoin Hashrate Jumps To 14%, Securing 3rd Place Globally Strategy Bitcoin Holdings Still In Profit According to BitcoinTreasuries.NET and company disclosures, Strategy bought its Bitcoin at an […]