Strategy Adds 1,031 Bitcoin As Price Remains Below Cost Basis
Bitcoin treasury company Strategy has made a new Bitcoin purchase, adding another $76.6 million worth of the cryptocurrency to its stack. Strategy Has Bought Another 1,031 Bitcoin In a new post on X, Strategy co-founder and chairman Michael Saylor has shared the details related to the latest Bitcoin purchase made by the treasury company. On […]
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Strategy has continued its aggressive Bitcoin accumulation with another billion-dollar buy despite the BTC price trading below its cost basis. Strategy Has Added 13,927 BTC To Its Treasury As shared by Strategy co-founder and chairman Michael Saylor in a new X post, the treasury company has furthered its Bitcoin buying spree. The new acquisition involved […]
Strategy’s Bitcoin holdings are in danger of going underwater after the latest price plunge, but that hasn’t stopped the firm from unveiling a new buy. Strategy Has Bought Another $75.3 Million Worth Of Bitcoin In a new post on X, Strategy co-founder and chairman Michael Saylor has shared information related to the latest Bitcoin acquisition […]
Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]
On-chain analytics firm Glassnode has highlighted how the latest Bitcoin rejection came inside a zone containing some historically important cost basis levels. Bitcoin Could Find Support At -1 SD Of The STH Realized Price Next In its latest weekly report, Glassnode has talked about a key cost basis zone that Bitcoin retested recently. The region in question involves two major on-chain metrics: the Short-Term Holder Cost Basis and True Market Mean. Related Reading: Dogecoin Surges 11%: Is This Parallel Channel Resistance Next? The first of these, the Short-Term Holder Cost Basis, measures....
When bitcoins are passed to an heir in a US inheritance, they are subject to a different tax rule than usual. The cost basis is no longer the purchase price of the bitcoins, which can lead to an heir paying less or more capital gains tax depending on whether the bitcoins had appreciated or depreciated. A little planning can help an heir maximize the....