Crypto Biz: Nobody told Saylor ‘never sell’
Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
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Grayscale’s head of research says Strategy’s leveraged business model has come under pressure, and that pressure could make it harder for the company to keep adding Bitcoin to its holdings. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Dividend Problem Taking Shape Zach Pandl made the assessment Thursday after Strategy sold 32 Bitcoin — a tiny slice of its 843,706 BTC stockpile — triggering a wave of selling that has knocked Bitcoin down 16% since the transaction. Strategy also offloaded $128 million in shares, and its stock has dropped nearly 13% to a two-month low of $126. At the center of the concern is STRC, a variable-rate preferred equity instrument that Strategy designed to trade at $100 per share and pay an 11.5% dividend. It is now trading around $95 — below the target price — a sign that investors are demanding a higher return than the instrument currently offers. If Strategy responds by raising the dividend to pull STRC back to par
Read full articleStrategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
A crypto market expert has shared a grim Bitcoin (BTC) forecast, warning that a major price crash could be on the horizon for the leading cryptocurrency. The analyst noted that Bitcoin’s recent break below a critical support level may have opened the door for a deeper decline that could potentially send its price to much […]
Michael Saylor has urged Bitcoin supporters to balance purity, adoption, innovation, and stability as the asset trades near its weakest levels in almost two years. Saylor, writing in a Friday post on X, said Bitcoin’s future should not depend on…
Grayscale says Strategy sold 32 BTC on June 1 as pressure on its leveraged Bitcoin model fuels market volatility. Strategy’s Bitcoin model is facing fresh market questions after Grayscale Research said the firm sold 32 BTC on June 1. The sale was small compared with its total holdings, but Zach Pandl said pressure on the […] The post Is Strategy’s Leveraged Bitcoin Model Starting to Crack? appeared first on Live Bitcoin News.
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Bitcoin’s June correction is now being accompanied by a sharp rise in whale deposits to Binance, according to CryptoQuant analyst Darkfost, reviving a pattern last seen during the market’s February stress event. The data suggests that large holders are moving more BTC back onto the exchange as the selloff deepens, potentially adding near-term supply pressure. Darkfost said Bitcoin is down 14% in June, with the decline accelerating over the past several days. That move has pushed some investors into a more defensive posture, particularly large entities moving sizable amounts of BTC. In the analyst’s framework, whales are defined as entities executing transactions above 100 BTC, or more than $6 million at current prices. The most visible change has occurred on Binance. According to the post, whale inflows to the exchange reached approximately 8,200 BTC on June 2, followed by more than 6,400 BTC on June 4. More importantly, the trend has also shifted on a monthly basis: average whale infl
Bitcoin's dip highlights the impact of strong US economic data on cryptocurrency markets, emphasizing the dollar's dominance over riskier assets. The post Bitcoin briefly falls below $60K for the first time since October 2024 appeared first on Crypto Briefing.
BTC's price dropped below $60K for the first time in almost two years.