Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday. The disposal is Strategy’s first disclosed bitcoin sale and the proceeds are earmarked to fund distributions on its preferred stock, according to a
MicroStrategy (Strategy), an institutional bull company known for its regular weekly Bitcoin ($BTC) purchases, has now sold $BTC. Strategy, which has made numerous statements in recent weeks regarding a possible Bitcoin sale, has for the first time broken its “we will never sell Bitcoin” strategy, which it has stated repeatedly since 2020. According to the
Crypto investment products extended losses to three straight weeks last week amid ongoing selling pressure in markets and limited institutional demand. Crypto exchange-traded products (ETPs) recorded $1.67 billion in outflows last week, the second-largest weekly withdrawal of 2026, CoinShares reported on Monday. The fresh outflows bring three-week losses to $4.21 billion, with total assets under
The leading cryptocurrency, Bitcoin ($BTC), is facing risks in the Middle East on the first trading day of June. This has pushed the price below $73,000, placing $BTC at a critical juncture for the coming days. Market predictions suggest the market could test the liquidity zone around $72,000, while US employment figures are also cited
Bitcoin and software stocks moved almost in lockstep for much of the past five years, with BTC treated as a high-beta technology asset. The iShares Expanded Tech-Software Sector ETF (IGV) served as one of the best proxies for the software sector. That relationship, however, appears to have broken down. Since May 14, bitcoin and IGV
Bitcoin market analyst PlanB has issued a cautious forecast, stating there is a greater than 50% probability that Bitcoin ($BTC) will fall below $61,000. In a post on X, the analyst known for his stock-to-flow model highlighted a divided market, with some believing the $60,000 level reached in February marked the cycle bottom, while others
Putting real-world investments onchain, a process called tokenization, is moving out of the testing phase and into everyday business. Citi’s new report Tokenization 2030: Wall Street On-Chain shared with CoinDesk ahead of Proof of Talk in Paris, shows that the global market for thse digital investments sits at just $17 billion today. However, Citi expects
It has been suggested that Bitcoin (BTC), the flagship of the cryptocurrency market, may rebound after reaching a short-term low in June. A recent analysis published by BIT, a digital asset research company formerly known as Matrixport, indicates that despite seasonal weakness, there are significant catalysts that could support the market in the coming period.
Origins Network has partnered with PinGo AI, a decentralized physical infrastructure network (DePIN) project, to connect the world’s idle computing resources to an increasing array of AI developers and decentralized applications (dApps). As artificial intelligence continues to grow, it is moving toward increasingly advanced capabilities that require vast amounts of computing power. At the same
Bitcoin is currently pinned below $75,000 after falling more than 5% over the past week, with institutional selling, heavy liquidations, and macroeconomic uncertainty keeping the cryptocurrency under pressure. According to CoinGecko data, Bitcoin was trading near $73,300 at last check after briefly dropping to a monthly low of $72,785 on Thursday. The cryptocurrency now sits