Michael Saylor, executive chairman of Strategy, defended the company’s recent Bitcoin sale, saying the ability to sell the asset is necessary to continue issuing “digital credit.” Strategy disclosed its first reported Bitcoin sale since 2022 in a June 1 filing with the US Securities and Exchange Commission, offloading 32 $BTC in a move that appeared

Bitcoin recovered some ground following an earlier drop in the week. Earlier, the largest crypto had traded at a high of $73,978 on the first day of June and fell to a low of $59,073 on June 5 as selling intensified. Bitcoin returned above $60,000 this week and trades at $63,790 at press time. Bitcoin’s

Michael Saylor said SpaceX’s IPO marks a milestone for corporate Bitcoin adoption, arguing that 25% of the so-called Mag 8 now hold $BTC on their balance sheets. In a June 13 X post, the Strategy chairman congratulated Elon Musk and SpaceX following the company’s highly anticipated stock market debut. Saylor used the occasion to highlight

Bitcoin has touched its 50-month moving average for only the fourth time in its history. Crypto analyst Dan Gambardello says this level has marked major market bottoms in previous cycles. Gambardello said Bitcoin’s interactions with the 50-month moving average in 2015, 2018, and 2022 all coincided with bear-market lows. Now, with Bitcoin revisiting the same

Bitcoin managed to rally from the $63,500 mark in early trading today to post to surge above $63,900. Now, the $BTC price is approaching the $64,000 level again as U.S. Donald Trump confirmed a deal with Iran today.

According to a recent SoSoValue update, U.S. spot Bitcoin ETFs recorded $85.85 million in daily total net inflow on June 12. Total value traded reached $1.81 billion, while total net assets stood at $79.65 billion. Those assets represented 6.26% of Bitcoin’s market capitalization after the update completed. BlackRock IBIT draws $57.69M as Fidelity FBTC adds