On Monday, Strategy, formerly known as MicroStrategy, announced a new acquisition of Bitcoin (BTC) in a filing with the US Securities and Exchange Commission (SEC). Notably, this latest purchase brings the company’s total holdings to nearly 680,000 BTC, with current figures standing at 672,497 BTC. Bitcoin Buys Vs. Stock Struggles Analysts, including Lirrato on the…
Bitcoin (BTC) has seen a slight recovery, edging back above the $89,000 mark as it attempts to break through the $90,000 resistance level. Nonetheless, concerns loom over further downward moves, raising worries about the risks this trend poses to firms like Strategy (formerly MicroStrategy). Analysts at the Bull Theory have posed a critical question regarding…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Over the past few months, Strategy (formerly known as MicroStrategy), the largest publicly traded Bitcoin (BTC) treasury company, has found itself at the center of a pressing issue that could lead to its exclusion from the Morgan Stanley Capital International (MSCI) index. This potential move not only poses significant financial risks for the firm but…
Michael Saylor’s firm Strategy continues to make Bitcoin headlines with its enormous purchases, making it one of the largest holders in the world. Related Reading Reports show the company owns 671,268 Bitcoin, roughly 3.2% of the total supply, valued at about $58.61 billion at the time of publication, according to Saylor Tracker. Bitcoin entrepreneur Anthony…
Strategy chair Michael Saylor signaled that his firm may add to its Bitcoin holdings just as the market slid again on Sunday, a move that kept traders on edge and fed fresh debate over what is driving the declines. Related Reading Back To More Orange Dots According to a post on X, Saylor shared a…
A recent report from BitcoinTreasuries.Net highlights significant challenges faced by Bitcoin-focused treasury companies since November. The findings revealed that the vast majority of these firms are now grappling with substantial unrealized losses, prompting many to sell off considerable amounts of their Bitcoin holdings. Market Struggles Continue In a sample analysis of 100 companies with reliable…
Strategy, formerly known as MicroStrategy, has expressed strong opposition to a proposal by the Morgan Stanley Capital International (MSCI) to exclude digital asset treasury companies (DATs) from its indexes. Calls For Fair Treatment Of Digital Asset Companies In a recent letter signed by Michael Saylor and the firm’s CEO Phong Le, Strategy highlighted its support…
Despite a 9% recovery on Tuesday, Bitcoin (BTC) has experienced considerable volatility, with its price plummeting to as low as $84,000 just 24 hours ago. This downturn has had a significant impact on Strategy (previously MicroStrategy) the public company that holds the largest BTC reserves, currently boasting over 650,000 coins. Strategy T-Rex ETFs Plummet Nearly 85%…
Bitocin treasury companies continue to accumulate a significant amount of BTC despite current market conditions and now control around 5% of the total BTC supply. These companies are led by Michael Saylor’s Strategy and Metaplanet, which have recently raised fresh capital to buy the dip. Bitcoin Treasury Companies Now Hold Over 1 Million In BTC…