Ray Dalio, the billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, made noteworthy statements on the global financial system, impending economic risks, and asset allocation. Dalio stated that investors should turn to “solid money” assets like Bitcoin and gold, which cannot be printed, in the event of a potential financial collapse,
Strategy, chaired by Michael Saylor, sold 1,638 Bitcoin today for approximately $105 million, reducing its total assets to 842,138 $BTC. Following the sale, Saylor stated that his personal Bitcoin investments and Strategy’s capital management policies as a publicly traded company should be kept separate. According to Strategy’s official data, the company sold its Bitcoins at
While the leading cryptocurrency Bitcoin continues to hold above $60,000, some analysts believe it may have hit bottom. At this point, the latest analysis comes from Markus Thielen, founder of 10x Research. Markus Thielen highlighted critical levels for Bitcoin’s long-term direction. He stated that a monthly close above $63,000 for Bitcoin would be a significant
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
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
A wallet associated with Strategy (MSTR) has transferred 299.84 $BTC, valued at approximately $18.91 million, according to blockchain tracking service Lookonchain. The transaction, which occurred about nine hours ago, has drawn attention from market observers due to the company’s history of selling Bitcoin during specific windows. Context and Recent Activity Lookonchain noted that the last