Bitcoin stumbled below $80K, but three under-the-radar events could propel it back, and perhaps higher, than many expect. Strategy's $2 billion spree, crumbling confidence in US Treasuries, and a potential US-Iran deal are the key drivers.
A single, colossal dark pool trade unleashed $1.3 billion in IBIT onto the market, impacting Bitcoin's price. Meanwhile, the crypto world mourns the loss of Ondo Finance founder Nathan Allman.
The software firm's pivot to Bitcoin treasury has reshaped corporate finance. Strategy's audacious $65 billion Bitcoin hoard isn't just an investment; it's a declaration.
Strategy just bought another boatload of Bitcoin. This time, it's nearly $2 billion worth, funded by… more preferred stock. The cycle continues.
The surging demand for Strategy's STRC preferred stock is masking a critical vulnerability. An analyst argues investors are mispricing a significant "dislocation" risk tied to perpetual duration and fiat liquidity, potentially setting the stage for a sharp correction.
Strategy's latest earnings call dropped a bombshell: the company plans to sell portions of its Bitcoin treasury to fund dividends. This strategy hinges on Bitcoin’s price appreciation, a move that has investors scrutinizing the tech firm's financial acumen.
Michael Saylor's Strategy is contemplating selling a portion of its vast Bitcoin holdings to cover dividend obligations. This comes as the company posted a staggering $12.54 billion Q1 loss.
Strategy, the company that's basically become a Bitcoin ETF in disguise, is hitting the brakes on its crypto buying spree. The pause comes just before its Q1 earnings report, and frankly, it smells like caution.
Strategy's pace of Bitcoin acquisition just nosedived 91%, a dramatic slowdown that points to a seismic shift in how the company funds its digital asset hoarding. The culprit? Its own flagship preferred share, STRC.
Here we go again. Just when you thought Michael Saylor might have learned his lesson, his company Strategy is hinting at another Bitcoin buy. It's like watching a gambler double down at the craps table.
TD Cowen isn't backing off crypto treasuries. They're trimming Strategy's Bitcoin-fueled target yet slapping 'buy' on Ethereum player Sharplink, betting staking crushes ETF yields.