Strategy resumes Bitcoin buying streak with 535 BTC purchase
Strategy bought 535 BTC for $43M, lifting holdings to 818,869 BTC days after Saylor said limited Bitcoin sales may fund dividends.
Crypto Daily·
With the U.S. stock market seemingly disregarding the Middle East conflict and making new all-time highs, Bitcoin has followed suit. The $BTC price is now holding strong above the crucial $80K level and looks as though it may head higher. Is this the rally that changes the trend and pulls crypto out of its bear market?
Read full articleStrategy bought 535 BTC for $43M, lifting holdings to 818,869 BTC days after Saylor said limited Bitcoin sales may fund dividends.
Strategy, the Virginia-based business intelligence firm led by Michael Saylor, acquired 535 bitcoin for approximately $43 million, paying roughly $80,340 per coin and bringing its total treasury to 818,869 BTC. Michael Saylor’s Strategy Adds 535 Bitcoin After ‘Back to Work’ Post on X Saylor posted “Back to work” on X on May 10, signaling another […]
Strategy Inc's aggressive Bitcoin accumulation via equity offerings may influence market dynamics and investor sentiment towards cryptocurrency. The post Strategy adds 535 Bitcoin for $43 million as total holdings near 819,000 BTC appeared first on Crypto Briefing.
The company and its former CEO attracted a lot of controversy recently after hinting at potentially selling some of the BTC holdings.
Bitcoin begins the week near $80,100, with crypto markets facing an unusually dense calendar of macro, policy and institutional-positioning catalysts. The immediate question is whether Washington and geopolitics add fresh support to risk assets or reinforce the dollar, oil and rates pressure that has kept broader crypto liquidity selective. #1 Fed Transition Risk Moves To The Senate The first event is the Senate’s May 11 vote tied to Kevin Warsh’s Federal Reserve nomination. Importantly, this is not simply a final vote to make Warsh Fed Chair. The Senate schedule shows a roll-call vote on cloture for Warsh’s nomination to become a Fed governor, while his separate nomination to become Chair is also on the executive calendar. Related Reading: Binance Founder CZ Sees Major Changes Ahead For Crypto The White House nominated Warsh in March both as Fed Chair for a four-year term and as a governor for a 14-year term. For Bitcoin, the relevance is straightforward: the Fed chair transition affe
Is Alt Season Here? What Bitcoin's $80K Stagnation Means The post Is ‘Altcoin Season’ Finally Here? Why Bitcoin’s $80K Stagnation Is Good News appeared first on 99Bitcoins.
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