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Strategy Grabs 520 More Bitcoin for $35M Despite Sitting Nearly $10B Underwater

Strategy founder Michael Saylor announced Monday that the company acquired 520 bitcoin for approximately $35 million, a noticeably smaller tranche than recent weeks, bringing the firm’s total reserve to 847,363…

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El Salvador Adds to Bitcoin Reserve Again as Daily Buys Push Stack Past 7,680 BTC

El Salvador has bought more bitcoin for its Strategic Bitcoin Reserve, extending a daily buying habit that has lifted the national stack above 7,600 BTC worth more than $510 million.…

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Saylor Says 25% of Mag8 Now Holds Bitcoin After Musk’s Historic SpaceX IPO

Michael Saylor congratulated Elon Musk after SpaceX’s historic IPO and said 25% of the Mag8 now holds bitcoin on corporate balance sheets. His comments underscored bitcoin’s expanding presence within the…

Continue ReadingSaylor Says 25% of Mag8 Now Holds Bitcoin After Musk’s Historic SpaceX IPO

Nasdaq-Listed Fold Sells $45M in Bitcoin, Clears $20M Debt and Frees Cash for Expansion

Fold Holdings recently sold $45 million in bitcoin and used the proceeds to pay off $20 million in bitcoin-collateralized loans. Debt Elimination and Liquidity Boost The Nasdaq-listed bitcoin financial services…

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Bitcoin Treasuries Are Ticking Time Bombs as Leverage Hits Record Rates, Warns Capriole’s Charles Edwards

Bitcoin treasury companies are piling on debt at record rates to fund their BTC buying, Capriole Investments founder Charles Edwards warned, reviving a year-old call that the model rests on…

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Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital

Bitcoin fell to a low of $61,310 on June 4 as traders debated whether Strategy’s first net bitcoin sale since 2022 or billions in exchange-traded fund (ETF) outflows played the…

Continue ReadingSaylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital