Strategy shares fell 3.5% after Nasdaq revealed it was beginning to scrutinize how companies raise funds for cryptocurrency purchases. According to The Information, the stock market now requires some companies to obtain shareholder approval before issuing new shares to purchase cryptocurrencies. This could slow the recent trend of crypto-focused companies. Increased scrutiny has led to
Bitcoin has lost steam, falling 1.3% and just below $110,000 Thursday morning, but ETF flows have been strong, and that may be the key to BTC escaping another Red September, an analyst told Decrypt. CryptoQuant blockchain analyst JA_Maartun said market data shows that Bitcoin in longterm holder wallets has been steadily moving into ETFs. Source:
Bitcoin’s (BTC) feeble bounce this week ran out of gas on Thursday, with prices slipping back below $110,000 and some market watchers warning of a deeper pullback. The largest cryptocurrency fell 2.2% over 24 hours to $109,500, erasing half the gains it made from the weekend’s low of $107,000 as it topped $112,600 on Wednesday.
As expected this late in the cycle, Michael Saylor’s strategy of tying his companies’ fortunes to Bitcoin is drawing close inspection, and this time it’s the stock chart that is under review. The task to do this was taken by legendary trader Peter Brandt, who recently posted a weekly view of MSTR and captioned it
Bitcoin is consolidating after recent volatility, holding around the $110K zone. Both the daily and 4-hour charts show mixed signals, with momentum slowing but buyers still trying to push the price back higher. Meanwhile, funding rates provide interesting insight into market sentiment, hinting at leverage positioning among traders. Technical Analysis By Shayan The Daily Chart
In a new X post, Max Keiser, renowned Bitcoin evangelist, has placed Strategy (MSTR) and its chairman, Michael Saylor, in the same category as Elon Musk and Tesla. The essence of Keiser’s message is that the premium on MSTR stock reflects more than just the Bitcoin holdings of the company, but investor confidence in Saylor.
In a recent tweet, Michael Saylor, a vocal Bitcoin evangelist and founder of Strategy, addressed the global crypto community, sharing with them the secret knowledge of any Bitcoiner that ensures their long-term success. Meanwhile, the Bitcoin price has fallen back to the $110,000 level, striving to reverse and surge towards earlier highs. Saylor’s BTC success
Publicly traded companies now collectively hold more than 1 million BTC (1,000,632 BTC) worth around $110 billion, according to BTC Treasuries, underscoring the growing role of corporate adoption in the bitcoin market. Strategy (MSTR) dominates the landscape with 636,505 BTC, accounting for about 63.6% of the total, while the top 10 companies combined hold 863,397
As the August U.S. nonfarm payrolls report (NFP) nears, bitcoin BTC$109,418.13 traders on the CME are snapping up inexpensive bearish bets by purchasing far out-of-the-money puts, hedging against the possibility of an unexpectedly strong jobs print that could trigger a sell-off in risk assets. The NFP, due Friday, is expected to show that the economy