Auto Added by WPeMatico

Twenty One Capital’s Bitcoin Gains Fuel First Profitable Quarter at $1.09B

Tether-backed Twenty One Capital reported $1.087 billion in third-quarter net income, largely driven by unrealized gains on its bitcoin holdings.   Twenty One Capital Shares Slide Despite Billion-Dollar Profit Twenty…

Continue ReadingTwenty One Capital’s Bitcoin Gains Fuel First Profitable Quarter at $1.09B

Peter Schiff Questions Strategy’s 12% Yield as Bitcoin Drops 19% This Year

Peter Schiff questioned whether expected bitcoin gains could sustain Strategy’s preferred-stock payments after losses he cited over two consecutive years. His criticism targeted Stretch, the bitcoin treasury giant’s income-paying security…

Continue ReadingPeter Schiff Questions Strategy’s 12% Yield as Bitcoin Drops 19% This Year

Tether’s Bitcoin Fortune Extends Beyond Its Publicly Identified Wallet

Tether CEO Paolo Ardoino has disclosed a substantially larger bitcoin treasury than previously documented in the stablecoin issuer’s financial statements. His remarks at a Swiss cryptocurrency conference introduce new questions…

Continue ReadingTether’s Bitcoin Fortune Extends Beyond Its Publicly Identified Wallet