Michael Saylor’s company has seen big losses as Bitcoin falls below $90,000, leaving around 40% of its holdings unprofitable. Recent purchases above current market prices have added nearly $100 million in unrealised losses, putting pressure on the company’s stock and strategy.
WeatherlyEl Salvador bought about 1,090 Bitcoin in a single day, raising its total holdings to roughly 7,474 BTC worth $676 million. The purchase came as Bitcoin fell below $90,000, showing the government is continuing its daily accumulation strategy despite market volatility.
AnaisPeter Schiff criticised Michael Saylor and Strategy, calling their Bitcoin-focused business model a “fraud” and challenging Saylor to a debate. The attack comes as Bitcoin fell below $99,000 and Strategy’s stock dropped over 50% since July, while gold remains strong above $4,000 an ounce.
AnaisBitcoin fell back to its end-2024 price as traders pulled away from risky assets and ETF outflows picked up. The drop followed fading excitement over the Trump administration’s crypto stance and rising fears across global markets.
WeatherlyTaiwan’s central bank has begun a pilot to hold seized Bitcoin as part of its reserves. The government is studying how digital assets could be used alongside traditional currency and gold.
AnaisChinese national, Zhimin Qian, was jailed for bitcoin fraud in London, and UK authorities seized 61,000 bitcoins worth over £5 billion.
AnaisThe McRib has returned to McDonald’s menus in the US, sparking renewed social media buzz and a quirky link to Bitcoin trends. Some online data suggests Bitcoin sometimes rises after the sandwich’s comeback, though the pattern is inconsistent.
WeatherlyBitcoin (BTC) surged this week, climbing 6.7% to break past the $106,000 mark as optimism swelled around a U.S. Senate bill expected to end the longest government shutdown in American history.
XingChiBlock Inc.’s Square platform now lets over four million merchants accept Bitcoin using the Lightning Network, enabling near-instant payments and low fees. Bitcoin-related transactions contributed nearly $2 billion to the company’s revenue, highlighting growing adoption of crypto in everyday commerce.
AnaisStrive bought 7,525 more Bitcoin worth about $162 million, making it one of the largest corporate holders of the cryptocurrency. The purchase pushed it ahead of Galaxy Digital as competition among firms building Bitcoin reserves intensifies.
AnaisExplore how Ripple's strategic delay in the SEC lawsuit could signal a pivotal turn in cryptocurrency regulation, with insights into the potential political influence and key dates for 2024.
MiyukiExplore the unique journey of Tron (TRX) as it decouples from the market, including its impact on investors, the crypto market, and what lies ahead in this new era of cryptocurrency.
WeiliangExplore how the Hedera Network is shaping the future of decentralized governance with its strategic commitment of over $400 million in HBAR. Discover the impact on blockchain technology and the digital economy.
MiyukiExplore the intriguing dynamics of the cryptocurrency market as we delve into the 330% surge in TROLL's value, analyzing the impact of Elon Musk's social media influence and the broader implications for investors and the crypto world
BrianExplore the dynamic world of meme cryptocurrencies with our in-depth analysis of Drake's WYNN coin, Dogecoin, and Shiba Inu. Discover how celebrity influence shapes the market and what the future holds for these digital currencies
WeiliangDive into the world of Dogwifhat, the Solana-based meme coin making waves in the crypto market with its Bybit listing and significant price surge. Explore its potential and charm in our latest blog.
MiyukiThe Avalanche-based inscription token now has over $43 million USD in market cap, and mints at more than $2 per mint.
AlexDistribution of these rewards is anticipated within 48 hours, and users will be able to monitor the allocation progress through their Enjin wallets.
AlexExplore how Riot, TeraWulf, and CleanSpark are uniquely positioned for success in the Bitcoin mining industry post-halving. This article delves into their innovative strategies, focusing on sustainability, efficiency, and the implications of Bitcoin halving for the cryptocurrency market.
BrianAccording to the Financial Times, the UN report identifies online gambling platforms, particularly those operating illicitly, as major conduits for cryptocurrency-based money laundering, with Tether being a preferred choice.
Alex