The Bitcoin treasury company used proceeds from a 52 BTC sale to buy back stock trading far below the value of its underlying reserves.
Strive has expanded its fundraising plans by $4.2 billion as the Bitcoin treasury company seeks additional capital for future BTC purchases.
Bitcoin price outlook is back in focus after Michael Saylor's Strategy (NASDAQ: MSTR) disclosed its first BTC sale in more than three years, prompting investors to assess what the move means for the asset.
Institutional selling and ETF outflows highlight increased market caution, potentially impacting Bitcoin's future growth and investor confidence. Bitcoin hits 2-month low as Strategy sells, ETF flows turn negative.
Strategy made its first BTC sale since 2022 as Bitcoin ETFs shed billions over the last two weeks, nudging the price down even lower.
Bitcoin fell below a key support, while Hyperliquid's HYPE soared to new highs. Will pro-crypto regulation in the US provide fuel for BTC's recovery?
Strategy Inc. (NASDAQ:MSTR) sold 32 Bitcoin (CRYPTO: BTC) for roughly $2.5 million between May 26 and May 31 to fund preferred stock dividend payments. Holdings Drop To 843,706 BTC With $2.9B Paper Loss The 32 coins were sold at an average price of $77,135 each, reducing total holdings to 843,706 Bitcoin worth around $61 billion.
Proton said Swan conceded in UK proceedings that it did not own the trade secrets central to the California mining lawsuit.
Long-time Bitcoin critic and pro-gold advocate Peter Schiff has continued his social banter against Saylor and his Bitcoin treasury firm, MicroStrategy.
Bitcoin is locked in a tense standoff under $72,000, and a lineup of analysts, including Benjamin Cowen and stock-to-flow creator PlanB, are warning that the next big move points down toward $60,000.
Bitcoin (CRYPTO: BTC) is falling behind the AI trade, with a bounce around $71,000 being key for long-term market structure, according to analysts. BTC Key Levels In a May 30 "Casual Friday" episode, prominent crypto traders Cred and DonAlt said Bitcoin's monthly close is critical after the asset rejected near the $82,000-$83,000 monthly resistance zone.
BTC Sale: Strategy sold 32 BTC for $2.5 million, its first sale since 2022, reducing holdings to 843,706 BTC and generating funds for preferred stock distributions. Capital Moves: The firm sold $128.3 million in MSTR shares, expanded its ATM programs, and repurchased $1.5 billion in convertible notes at an 8% discount using cash reserves.