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Strategy Sells First Bitcoin Since 2022 to Fund Preferred Stock Distributions

Strategy Sells First Bitcoin Since 2022 to Fund Preferred Stock Distributions

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Strategy sold 32 BTC for approximately $2.5 million at an average price of $77,135 per bitcoin between May 26 and May 31. The sale reduces holdings to 843,706 BTC, with proceeds directed toward distributions on its STRC preferred stock. This is the company’s first Bitcoin sale since a 2022 tax-loss harvest, signaling a shift toward active balance sheet management while maintaining net accumulation. Strategy, the...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page, News

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Strategy Sells 32 Bitcoin for $2.5 Million in First Direct Liquidation Since 2022

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First Liquidation Since 2022: Strategy Inc. offloaded 32 BTC for approximately $2.5 million, marking its first net sale of the asset since a tax-loss harvesting maneuver in late 2022. Funding Dividends: The liquidation was executed to fund upcoming distributions for the company’s preferred stock program, designed to maintain a stable par value for income-focused investors. Market Reaction: The disclosure triggered a sharp market drawdown,...

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Strategy Sells 32 Bitcoin for $2.5 Million in First Direct Liquidation Since 2022

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First Liquidation Since 2022: Strategy Inc. offloaded 32 BTC for approximately $2.5 million, marking its first net sale of the asset since a tax-loss harvesting maneuver in late 2022. Funding Dividends: The liquidation was executed to fund upcoming distributions for the company’s preferred stock program, designed to maintain a stable par value for income-focused investors. Market Reaction: The disclosure triggered a sharp market drawdown,...

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White Hat Hacker Unlocks Million in ETH Trapped for Nine Years in 2016 ICO Smart Contract

White Hat Hacker Unlocks $2 Million in ETH Trapped for Nine Years in 2016 ICO Smart Contract

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A pseudonymous white hat developer known as 0xflorent recovered roughly 1,003.62 ETH (about $2 million) locked in a 2016 HongCoin ICO contract. The funds, belonging to 48 original investors, became trapped due to a bug in the refund mechanism after the project failed to meet its funding goal. The recovery exploited an integer overflow flaw in an admin function, executed in coordination with the project team. Investors can now...

Cryptocurrencies, Ethereum, Front page, Hacks, News

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Bitcoin ETFs Record Longest Outflow Streak as .8 Billion Exits Funds Amid Cooling Demand

Bitcoin ETFs Record Longest Outflow Streak as $2.8 Billion Exits Funds Amid Cooling Demand

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U.S. spot Bitcoin ETFs recorded nine straight days of outflows, the longest streak since their January 2024 launch, with $2.8 billion pulled amid shifting investor sentiment. Bitcoin has underperformed broader risk assets, trading around $73,000 while equities hit records. Analysts point to profit-taking and competition from AI/tech sectors as key factors. U.S. spot Bitcoin ETFs have experienced their longest streak of net...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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