Strategy, the world’s largest publicly traded Bitcoin holder, has announced another sale. According to a statement by Strategy founder Michael Saylor, the company sold 1,638 Bitcoins worth approximately $105 million. Strategy generated $104.7 million in revenue from sales conducted between July 27 and August 2, at an average price of $63,957 per Bitcoin. Strategy announced
Bitcoin ($BTC) starts the first full week of August circling $63,000 as traders weigh the impact of the ongoing Coldcard wallet hack. Key points: US Treasury Secretary Scott Bessent leverages a Federal Reserve repo facility for a joint intervention as the Japanese briefly recovers from forty-year lows against the dollar Oil prices fall sharply as
U.S. Treasury Secretary Scott Bessent confirmed Sunday that the U.S. joined Japan in coordinated foreign exchange intervention last Friday, calling it a move to counter “disorderly yen movements.” The USD/JPY pair almost hit 164 its weakest level since 1986 before snapping back to 156.5 on Monday. “We will not hesitate to participate in further joint
Mastercard has finalized its acquisition of BVNK as the payments giant deepens its push into stablecoin and digital asset infrastructure, according to a Monday statement. The acquisition, which was first announced in March, brings BVNK’s on-chain payment technology into Mastercard’s network, allowing businesses and financial institutions to move, manage and convert value across fiat currencies
Morgan Stanley downgraded shares of Circle Internet (CRCL) to underweight from equal-weight on Monday and cut its price target to $38 from $106, citing a weaker long-term earnings outlook. The stock, which slid 6% following the report, has fallen about 30% year-to-date, reflecting growing investor concern over the outlook for $USDC, the company’s dollar-backed stablecoin
The highly anticipated US Clarity Act, which is crucial for Bitcoin and altcoins, has still not been approved. Currently, Senate approval is awaited, and it is stated that future approval could support a rise in BTC and altcoins. At this point, Japanese financial giant SBI Holdings also drew a connection between the decline in $XRP
BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday. Back in May of this year, BlackRock filed for the new products with the U.S. Securities and Exchange Commission (SEC). BlackRock is offering onchain shares of the BlackRock Select
The leading cryptocurrency, Bitcoin, started the new week around $62,000. While uncertainty persists regarding how $BTC will behave in the face of new developments between the US and Iran, an analysis firm stated that downside fears in $BTC options have diminished and that a recovery is contingent upon reaching $62,000. The crypto options trading platform
Strategy (MSTR) raised $104.73 million last week with the sale of 1,638 bitcoin, and raised an additional $290.6 million via the sale of common stock. Alongside, the company repurchased 912,143 shares of its high-yielding preferred stock STRC for $81.2 million, according to an SEC filing Monday morning. The bitcoin sales reduced Strategy’s holdings to 842,138
A solo miner scored a major win even as the broader market frets over a multimillion-dollar Coldcard hardware wallet exploit. According to mempool data, an independent miner successfully packaged block 960,804 early Monday. The block reward of 3.157 $BTC is valued at approximately $199,300. Details on the specific hardware used remain unknown. The success came