Strategy Shares Crash Below $100 as Bitcoin Sinks Towards $60K
Bitcoin fell to a two-week low price Wednesday as Strategy shares dove below the $100 mark for the first time since March 2024.
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CIMG's Bitcoin-based stock offering highlights a shift towards cryptocurrency in corporate finance, potentially increasing market volatility. The post CIMG Inc closes $13.5M stock offering paid entirely in 207.7 Bitcoin appeared first on Crypto Briefing.
Read full articleBitcoin fell to a two-week low price Wednesday as Strategy shares dove below the $100 mark for the first time since March 2024.
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Strategy’s dividend coverage dropped from over seven years to only 14 months. CryptoQuant says rebuilding cash reserves may outweigh further Bitcoin purchases. STRC weakness and rising obligations are increasing pressure on Strategy’s model. CryptoQuant has warned that Strategy may need to halt its aggressive Bitcoin acquisition program as growing dividend obligations and shrinking cash reserves […] The post Strategy May Need to Pause Bitcoin Purchases, CryptoQuant Warns appeared first on Live Bitcoin News.
A potential Bitcoin surge could rejuvenate investor confidence, impacting crypto market dynamics and influencing broader financial strategies. The post 21Shares forecasts Bitcoin recovery to $100,000 by year-end appeared first on Crypto Briefing.