Strategy buys $2B in Bitcoin despite 60% stock price drawdown
Purchasing billions of Bitcoins is no longer sufficient to support the share prices of your business. The largest corporate Bitcoin holder in the world and the forerunner of the now-troubled treasury trade, Strategy, said Tuesday that it had purchased 22,305 Bitcoin for its treasury at a cost of over $2.1 billion. This raises its overall […]
Bitcoin declines below $89,000 over widespread market fluctuations
Bitcoin and other notable cryptocurrencies declined late Tuesday due to a widespread risk-averse sentiment affecting global markets, driven by increasing macroeconomic uncertainty and a sell-off in equities and bonds. Bitcoin declined by 4.2% in the last 24 hours, trading at $88,746 as of 7:50 p.m. ET Tuesday, decreased from $92,500 earlier that day, according to […]