Tom Lee's BitMine Buys $52 Million in Ethereum as Strategy Sells Bitcoin
In brief ETH treasury firm BitMine Immersion Technologies added another $52 million in Ethereum. Meanwhile, its Bitcoin counterpart Strategy sold $2.5 million worth of BTC...
Tag : Strategy
Strategy Shares Slide Following Bitcoin Sale—Will It Dump More BTC Ahead?
In brief Strategy’s stock price dropped to a 45-day low after disclosing a $2.5 million Bitcoin sale. The liquidation “amplified an already compelling dislocation,” according...
Michael Saylor's Bitcoin Treasury Firm Strategy Sells 32 BTC for $2.5M
In brief Bitcoin treasury firm Strategy has sold 32 BTC for roughly $2.5 million at an average sale price of $77,135 per Bitcoin. The move...
Strategy situation ‘out of hand,’ says Arca exec on $15B preferred stock burden
Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some...
LIVE – Crypto News, May 29: Strategy Selling Bitcoin? Standard Chartered Sees “Amazon-Like” Future for ETH as Vitalik Writes Sci-Fi Novel
Crypto markets are ending the week on a surprisingly strong note. Despite massive options expiry pressure today, Bitcoin held steady. At the same time, the...
Strategy sends $30M in Bitcoin to Coinbase as MSTR stock slides
Strategy has transferred more than 411 Bitcoin to Coinbase Prime, a move that has drawn attention after recent comments from company executives about potential BTC...
French company abandons crypto treasury strategy, will liquidate Bitcoin holdings
The France-based semiconductor company that announced a move into crypto is “no longer pursuing” a treasury strategy after less than a year. In a Thursday...
Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt
In brief Strategy used 61% of its dedicated cash buffer ($1.38 billion) to repurchase $1.5 billion in convertible notes. Despite earlier corporate signals, the firm’s...
Strategy buys back $1.5B of debt at discount, cuts outstanding notes to $6.7B
Michael Saylor’s Strategy, the largest corporate Bitcoin holder, has repurchased $1.5 billion of its 0% convertible senior notes due in 2029 for $1.38 billion at...
Bitcoin treasury firms add 603 BTC as Strategy pauses buying
Smaller Bitcoin treasury firms added 602.6 BTC worth about $46 million last week, even as the largest corporate holders appeared to pause their acquisitions. The...