‘The Beat Goes On’ – Saylor Hints At Another Bitcoin Buying Spree
Strategy’s preferred equity instrument, STRC, has been trading below its $100 par value — a detail that has quietly drawn attention from investors watching the company’s ability to keep funding its Bitcoin purchases. RR Saturn Steps In As Questions Mount The company behind the Bitcoin treasury strategy recently attracted fresh capital despite the uncertainty. Saturn, a STRC-backed yield provider, put $18 million into STRC, bringing its total investment to $33 million. The move came even as critics questioned whether demand for the instrument is strong enough to sustain....
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The broader cryptocurrency market has sprung back to life again, with Ethereum rising back above the $4,600 price mark after a renewed bullish move. Within the period of bullish action, Bitmine Immersion has gone on a significant buying spree, acquiring thousands of ETH in the month of September alone. Bitmine’s Unstoppable Ethereum Buying Spree Ethereum’s […]
Michael Saylor’s quiet hint this weekend put a spotlight on a methodical habit that has quietly shaped corporate crypto moves for years. Related Reading: XRP Flashes Rare On-Chain Signal That Once Preceded 114% Gains Michael Saylor posted a chart with the caption “The Orange Century,” and through that single image he signaled what many traders already suspected: the company he chairs is poised to make another buy. Strategy has been buying Bitcoin in steady doses since 2020. Reports note the firm has completed 99 buys so far. That makes the next purchase the 100th. Short headline. Big....
Japan’s Metaplanet has gone on yet another Bitcoin buying spree. Earlier today, it snagged an extra 156 $BTC worth around $13.4M, bringing its stash to a sizable 2,391 $BTC (approximately $219.5M). It’s reportedly thinking about listing its $BTC shares in the US for more financial opportunities. This comes as no surprise, considering that its $BTC investments […]
On-chain data shows the XRP whales have participated in a large amount of net buying recently, a sign that could be bullish for the asset’s price. XRP Whales Have Gone On An Accumulation Spree Over Last 48 Hours As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased […]
Bitcoin always has big names behind its back, and – why not? According to MicroStrategy founder Michael Saylor, the emergence of Bitcoin as an investment could herald the end of gold as an asset class in the long run. Saylor, the outgoing CEO of MicroStrategy and a crypto bull, made this claim in December of […]