MicroStrategy’s Bitcoin holdings reached $71.8B, with an all-time profit of $28.17B. The firm’s stock trades at a 76% premium to its underlying Bitcoin net asset value. “Stretch” preferred stock raised $2.8B, fueling continued Bitcoin acquisitions and portfolio growth. MicroStrategy’s ongoing Bitcoin accumulation continues to set a new record in corporate digital asset exposure. The company’s
Bitcoin held steady last week while altcoins tumbled, as the crypto market entered a holding pattern ahead of key macro and corporate catalysts. This week, all eyes are on the Federal Reserve’s interest rate decision, a wave of significant tech earnings from companies like Microsoft and Amazon, and ongoing ETF inflows for Bitcoin (BTC) and
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin BTC$119,126.55 traded at $119,430 in early Asia hours on Monday,
A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor. Despite this massive sale
Strategy (MSTR) is pulling off some form of financial alchemy: using bitcoin, historically a volatile asset, to create something that looks a lot like stability. That’s the firm’s $2 billion “Stretch” Preferred Stock (STRC) offering offers a variable 9% dividend and is designed to keep the share price hovering near $100. The offering doesn’t give
Michael Saylor, founder of Strategy, the world’s largest institutional Bitcoin buyer, signaled in his statement on X that he will buy Bitcoin again in the new week. Sharing a chart from the SaylorTracker platform, which tracks Bitcoin purchases made by his company, Saylor had purchased BTC in all the weeks he shared this chart so
Most of the cryptocurrencies are in the red zone at the end of the week, according to CoinMarketCap. BTC/USD The rate of Bitcoin (BTC) has remained the same since yesterday and over the past week. On the hourly chart, the price of the main crypto is approaching the local support of $117,888. If a breakout
August isn’t exactly known for being a great month for Bitcoin (BTC). It’s been over a decade now that the leading cryptocurrency has been trading on exchanges, and this month often brings some of the biggest dips, no matter how strong the trend is. If you look back over the last 13 years, Bitcoin has
A prominent crypto analyst has sparked debate in the Bitcoin community by claiming that Bitcoin OGs are losing confidence in the asset as it becomes increasingly adopted by institutions. “Many of the most ardent early whales have seen their faith shaken and have been selling at these prices,” Scott Melker, aka The Wolf of All