Strategy has paused its bitcoin purchases for a second consecutive week, focusing instead on repurchasing its stock and expanding its digital credit securities repurchase program while holding over 845,000 bitcoins.
Bitcoin surged past $81,000 on Thursday, driving significant gains for crypto-related equities including Strategy, Coinbase, and various mining firms amid favorable regulatory and macroeconomic developments.
Strategy CEO Phong Le defended the company's recent digital asset sales as the right trade to build cash reserves and strengthen its balance sheet, as the largest corporate holder of bitcoin resumes purchases.
Bitcoin treasury firm Strategy has strongly criticized MSCI's proposed index exclusion plan, labeling the initiative targeting digital asset operations as flawed, misguided, and discriminatory against the cryptocurrency.
Strive shares rallied after the firm acquired 1,800 bitcoins for $143 million, bringing its total treasury to 23,156 coins and making it the fifth-largest publicly traded corporate bitcoin holder.
Bitcoin treasury firm Strategy ended its ten-week acquisition pause by purchasing 4,603 bitcoins for approximately $370 million, bringing its total holdings to 845,050 bitcoins valued at $65.8 billion.
Bitcoin-focused life insurer Meanwhile has secured $37.5 million in a funding round led by Bain Capital Crypto, bringing its cumulative funding past $180 million to support its Bitcoin inheritance and insurance products.
Bitcoin Magazine ‘We Know Where It Is’: Treasury Secretary Threatens To Freeze $1B of Iran’s Crypto The U.S. will seize $1 billion of Iran’s crypto this week, U.S. Treasury Secretary Scott Bessent has said. It isn’t clear which asset though. This post ‘We Know Where It Is’: Treasury Secretary Threatens To Freeze $1B of Iran’s…
Bitcoin Magazine Here’s How Not To Screw up Your Bitcoin Privacy Speaking on the Bitcoin Rails podcast, Cake Wallet’s Seth for Privacy said people need to take more precautions to protect their identities when using the biggest cryptocurrency. This post Here’s How Not To Screw up Your Bitcoin Privacy first appeared on Bitcoin Magazine and…
U.S. investors withdrew $729 million from spot bitcoin exchange-traded funds over two days, driven by potential Federal Reserve rate hikes and geopolitical tensions in the Middle East involving Iran.
Bitcoin Magazine Ledger Warns Buyers Not to Set Up Wallets From Reseller After Users Report Losses Hardware wallet manufacturer Ledger is investigating after users reported having wallets drained. This post Ledger Warns Buyers Not to Set Up Wallets From Reseller After Users Report Losses first appeared on Bitcoin Magazine and is written by Mathew Di…