Strategy May Be Buying Bitcoin Again Despite Q1 Sell Talk
Strategy CEO Phong Le said last week that Bitcoin’s daily trading volume — averaging more than $60 billion — is large enough to absorb the company’s $1.5 billion in annual dividend payments without moving the market. Related Reading: Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip That comment preceded co-founder Michael Saylor’s latest post “Back to work, BTC” on X Sunday, a phrase he has used before to signal an imminent purchase. A Pattern That Repeats Strategy typically buys Bitcoin the day after Saylor posts that message. The....
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Following a week of Bitcoin buying pause, Michael Saylor’s Strategy has gone back to accumulation with a fresh acquisition. Strategy Has Bought Another $27.2 Million Worth Of Bitcoin As announced by Strategy co-founder and chairman Michael Saylor in an X post, the Bitcoin treasury company has just made a new purchase. The buy, which occurred […]
The Chief Executive Officer (CEO) of Strategy, Phong Le, has revealed the company’s long-term approach to its staggering Bitcoin (BTC) holdings. According to the Strategy executive, the firm currently has no immediate plans to sell any of its 650,000 BTC soon. He emphasized that only dire circumstances could force a Bitcoin sell-off—a scenario he projects […]
We’ve all heard the term, “Practice Makes Perfect”, but have you ever thought about the reason practice makes perfect? Believe it or not, the reason revolves around the idea of creating a strategy. When you start, you generally start with nothing. However, as you practice, you start to build a strategy around what you’re doing, making it more efficient. This is true in just about everything. From cooking to banking, investing, construction, and more, strategies are important. Today, we’ll talk about what a strategy is, why it’s important to have one in just about anything we do, and how to....
Strategy’s Bitcoin stash sits at roughly $64.44 billion — and it didn’t grow this week. A Pause After 4 Straight Weeks Michael Saylor, executive chairman of Strategy, confirmed Sunday that the company made no Bitcoin purchases during the current week, snapping a four-week buying run. The announcement came through his usual channel: the “Orange Dots” […]
Risk-averse traders who believe Ethereum is in a bull trend often use the Iron Condor options strategy to limit their downside risk. Ether (ETH) has been making higher lows throughout 2021, and the current trend indicates that $1,800 might be the bottom for April. Even traders and investors who do not rely on technicals have become optimists after Visa initiated a pilot to settle transactions in USD Coin (USDC) through the Ethereum network.Ether price in USD at Coinbase. Source: TradingViewGiven that Ether's price is looking like it's ready to pursue new yearly highs, there's a few....