Strategy (MSTR), the world’s largest corporate bitcoin $BTC$64,774.49 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings. The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting. The
Legendary investor Ray Dalio still only holds 1% of his portfolio in Bitcoin — and prefers gold instead. Speaking on a Thursday episode of the Diary of a CEO podcast, the Bridgewater Associates founder explained that while there are different types of money, and Bitcoin was one of them, gold was a better investment. Dalio
Nasdaq-listed Zeta Network Group (ZNB) has announced the signing of a $10 million private investment agreement, with the funding to be delivered entirely in Bitcoin. The deal marks a notable instance of a publicly traded U.S. company directly receiving a significant capital infusion in cryptocurrency. Deal Structure and Details Under the terms of the agreement,
The DeFi Report, a cryptocurrency analysis and research company, shared critical predictions about the future of Bitcoin and general risk assets in its latest macroeconomic analysis. The assessment, which considered the Fed’s interest rate policies, the cooling technology sector, and macroeconomic vulnerabilities, argued that a potential final wave of decline in Bitcoin could reset the
Shareholders of Satsuma Technology Plc approved a capital return and delisting with 90.63% and 90.59% of votes cast, respectively, against the majority board’s recommendation. The votes put the UK-listed Bitcoin treasury company on a path toward selling its Bitcoin and returning cash to shareholders. The result converted the conditional proposal CryptoSlate covered on July 16
Bitcoin [BTC] was trading around the $64.6k mark on Thursday, July 30. The US Federal Reserve announced its decision to keep interest rates unchanged at 3.50%-3.75% on Wednesday, July 29. Energy-related supply disruptions have kept inflation rates elevated above the target 2%, but economic activity was expanding at a solid pace, and operational interest rates
In brief IBM says it demonstrated “trusted quantum advantage” using 70 logical qubits and a new error-correction method. The experiment completed a computation beyond the reach of leading classical simulation methods while providing statistical evidence the result was accurate. The announcement marks another milestone in IBM’s quantum roadmap, though the hardware remains well below what’s
Publicly traded AI operating system Vida Global (NYSE American: VIDA) has said it has started paying employees in Bitcoin using the Lightning network — but in a way where the company does not have the leading crypto on its balance sheet. The Austin, Texas-based company said Thursday that after a worker in Argentina asked to
Bitcoin ($BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief. Key points: Bitcoin avoids a snap reaction to US personal consumption expenditures (PCE) inflation data, which reverses a local uptrend. Analysis remains wary of inflationary tendencies despite PCE conforming to expectations. Bitwise predicts that going forward, Bitcoin will