Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings
Bitcoin (BTC) continues to face resistance just under the $120,000 mark, struggling to build enough momentum for a breakout. Over the past 24 hours, the cryptocurrency has remained in a tight trading range above $118,000, representing a slight decline of nearly 4% from its most recent all-time high. Despite the lack of upward movement, analysts
The second-largest US-based crypto exchange by trading volume is reportedly an initial public offering (IPO) candidate for next year. Citing people familiar with the matter, The Information reports that Kraken is eyeing to raise $500 million at a $15 billion valuation. The price tag represents a significant increase from when the 14-year-old Coinbase challenger was
JP Morgan Chase CEO Jamie Dimon reaffirmed his belief in stablecoins on Thursday, but said that he still wasn’t a fan of Bitcoin. Speaking with CNBC, billionaire banking boss Dimon said that stablecoins could be used in ways that fiat currency can’t. “There are things that stablecoins maybe can do that your traditional cash can’t,”
Jack Dorsey has spent the last decade searching for ways to strip intermediaries out of communication and finance. He has maintained that Twitter would have been better conceived as a protocol than an app; since then he has supported the development of Nostr, an open-source, permissionless, and censorship-resistant social network. Now he and a team
Cryptocurrency analysis firm Alphractal has released some noteworthy data regarding the Bitcoin market. According to the company, the Coinbase Premium Index is currently in the negative. This index measures the difference between Bitcoin’s price on US-based exchanges like Coinbase and its price on other global exchanges. A negative index means Bitcoin is trading at a
Bitcoin has been trading in an excruciatingly tight range just below $120,000, but the rally is quickly losing momentum as the market enters what has historically been a soft month for the crypto, a report from 10x Research warned. August has been bitcoin’s weakest month over the past decade, with only three positive years and
Software company MicroStrategy (MSTR), known for its huge investments in Bitcoin, announced its 2025 second quarter financial results. The company’s revenues and profits exceeded analyst expectations, while the increase in the value of its Bitcoin position attracted attention. The prominent data in the report published by the company were as follows: Total Bitcoin Assets: 628,791