Category: Bitcoin

Peter Schiff, chief economist and global strategist at Europac, has raised the alarm over Strategy Inc.’s (NASDAQ: MSTR) plan to use some of its cash reserves to retire part of its debt. On May 26, Schiff raised his concerns after Strategy used $1.38 billion in cash reserves to repurchase $1.5 billion worth of convertible notes

Bitcoin briefly reclaimed the $78,000 level in a violent short squeeze that added roughly $30 billion to its market capitalization within an hour, before volatility quickly returned. Bitcoin ($BTC) ripped roughly $1,400 higher in about an hour on Tuesday, spiking back above $78,000 as a wave of forced liquidations flushed out overleveraged shorts and briefly

BlackRock’s single-transaction Bitcoin ETF took a giant leap on May 26 when a single block trade with approximately $1.3 billion worth of shares sold. It rattled the market briefly but the IBIT ETF price stabilized soon after.

The implied volatility of the price of Bitcoin has reached its lowest level in the last nine months. After shooting up in February, during the crash that brought the price of $BTC down to $60,000, it began a long process of easing that seems to still be underway. This goes hand in hand with the

Mike Belshe, CEO of digital asset custody firm BitGo, has challenged a prevailing narrative in cryptocurrency markets, asserting that the primary driver for Bitcoin’s (BTC) long-term value is not the prospect of lower interest rates, but rather a deeper erosion of public trust in traditional fiat currencies. Monetary Policy Shift and the Dollar’s Credibility Belshe’s

London-listed The Smarter Web Company (LSE: SWC) disclosed on May 26 that it acquired 10 Bitcoin at an average price of £55,786 per coin, equivalent to roughly $74,904. The purchase totaled £557,865 and brings the company’s aggregate Bitcoin holdings to 2,869 $BTC. The firm’s cumulative investment in Bitcoin now stands at £232.48 million, with an

Adam Back, the cryptographer whose work is literally cited in the Bitcoin white paper, wants to build the Warren Buffett playbook for the Bitcoin era. His company, Bitcoin Standard Treasury Company, is positioning itself not as another passive Bitcoin holder but as an active treasury manager that grows Bitcoin per share over time. The numbers

Strive disclosed Tuesday that it purchased an additional 1,109 Bitcoin for roughly $85.4 million, bringing its total holdings to 16,500 $BTC and pushing the company ahead of Coinbase and Riot Platforms among public corporate Bitcoin holders. The company acquired the Bitcoin at an average price of about $76,988 per coin. Strive reported an 11.0% quarter

Following reports of U.S. Navy strikes against targets in Iran, bitcoin dropped nearly $800 in over three hours on Monday night, slipping below $77,000 and wiping out roughly $20 billion in market capitalization. Key Takeaways: Late on Monday, bitcoin fell nearly $800 below $77,000 following reports of U.S. Navy military strikes in Iran. Brent crude

On Tuesday, onchain analyst and founder of Timechainindex.com Sani flagged a bitcoin transaction in which the owner transferred 107 $BTC, valued at $8.2 million at current exchange rates, to a burn address, rendering the funds permanently inaccessible and impossible to spend. Key Takeaways. Timechainindex.com founder Sani flagged a 107 $BTC burn on May 25 worth