Strategy Shares Slide Following Bitcoin Sale—Will It Dump More BTC Ahead?
Strategy sold Bitcoin, sparking jitters among investors and raising questions among analysts toward the prospect of future sales.
CryptoPotato·
Strategy sold just a very tiny fraction of its entire BTC stash and remains fully commited to its treasury policy.
Read full articleStrategy sold Bitcoin, sparking jitters among investors and raising questions among analysts toward the prospect of future sales.
Institutional investors just sold an overall total of $1.67 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The outflows mark the third consecutive negative week and the second-largest weekly outflow of the year, with three-week cumulative outflows now standing at $4.21 billion. Bitcoin led the selling with […] The post Institutional Investors Sell $1,670,000,000 in Bitcoin and Crypto Assets in Third Straight Week of Outflows: CoinShares appeared first on The Daily Hodl.
Michael Saylor broke his silence after the market learned of Strategy’s 32 BTC sale and its $2.5 million in proceeds. His focus on STRC raised fresh questions about preferred dividends and the company’s bitcoin-backed capital model. Strategy’s First BTC Sale Tests Saylor’s Dividend Strategy Strategy (Nasdaq: MSTR) revealed in a Form 8-K filed with the […]
Another sudden drop took place in the crypto markets, causing over $130 million in liquidations in less than an hour.
A total of 165 long-dormant bitcoin wallets moved approximately 5,073 BTC last month, with one address sitting idle since August 2010 finally coming to life in the final hours of May. Galaxy Research flagged one of the most notable movements on X, reporting that a wallet dormant for 15.8 years moved 20 BTC at block […]
Capital B now holds 3,139 BTC after buying 4 more for €0.26M at €64,989 each. Capital B’s 3,139 BTC were bought at ~$330M total, averaging $105,200 per BTC. Capital B aims for 1% of all BTC by 2033 and is Europe’s first public BTC treasury. Capital B, a French-listed business, has increased its Bitcoin holdings […] The post Capital B Doubles Down on Bitcoin as Treasury Grows to 3,139 BTC appeared first on Live Bitcoin News.
Strive has expanded its fundraising plans by $4.2 billion as the Bitcoin treasury company seeks additional capital for future BTC purchases. According to a June 1 X post by Strive chief executive Matthew Cole, the company expects to increase the…
A Monday 8-K filing shows Strategy disposed of 32 BTC between May 26 and May 31 at an average $77,135 a coin, with proceeds earmarked for distributions on its STRC preferred stock — the first disclosed sale since the December 2022 tax-loss harvest.