Tag: Breaking

MicroStrategy purchased 1,550 bitcoin for approximately $101.3 million between June 1 and June 7, averaging $65,332 per coin. The acquisition follows a controversial 32 BTC sale the prior week, which was executed to fulfill preferred stock dividend obligations. The company simultaneously bolstered its specialized U.S. dollar reserve to $1 billion, significantly reducing the risk of near-term liquidations. MicroStrategy has resumed its...

Bitcoin rallied sharply toward the $64,000 mark on Monday, recovering from a recent slide that briefly dragged the premier cryptocurrency below $60,000. The rapid upward movement caught bearish traders off guard, setting off a swift short squeeze that wiped out roughly $320 million in short positions within a 15-minute window. This rebound offers some relief to bulls after a highly volatile stretch that saw heavy liquidations across...

Strategy Inc. has slipped out of the top 200 U.S. public companies by market capitalization as its valuation declined to approximately $47.9 billion. The drop in market ranking is closely tied to bitcoin’s recent price correction to around $61,000, impacting the company’s asset value. The company’s corporate treasury now faces an unrealized loss exceeding $7.3 billion on its digital asset holdings. Strategy Inc., the...

TapTools, a major analytics and data platform for Cardano, announced it will cease operations within the next two weeks. The decision follows a severe leadership crisis, including the departure of multiple co-founders and key technical executives. Cardano founder Charles Hoskinson warned that the shutdown foreshadows a broader wave of ecosystem failures and consolidation. Cardano data analytics and infrastructure platform TapTools has...

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,...