Hoskinson says Cardano's DeFi may be sitting on a multi-trillion goldmine thanks to Bitcoin.
Strategy sold 1,638 BTC at an average of $63,957, about $11,462 under its cost basis, and used every dollar plus a $290.6 million stock raise on dividends, STRC buybacks, and cash.
The Coldcard exploit has become a major hardware wallet security incident, renewing scrutiny of self-custody practices.
The Coldcard exploit highlights the critical need for enhanced security measures and may drive increased adoption of multi-signature wallets. Bitcoin self-custody at risk after Coldcard exploit drains over $83 million.
The CNBC personality said he'll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
Strategy sold 1,638 BTC for $105M to cover preferred stock dividends and STRC repurchases as its variable-rate shares trade 10% below par value.
Bitcoin dropped to $62,600 as whales bought 19,610 BTC and retail sold amid Coldcard security fears, with $64,100 and $62,000 as key levels.
Bitcoin tests $64,000 resistance as liquidity builds on both sides, with $67,200 upside and $61,500 downside targets in focus.
Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June's 53.3 to its highest reading since May 2022.
Japan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since 1998. Bitget Wallet's Alvin Kan says it can slow a disorderly slide without reversing the broader trend.
Bitcoin rebounds above $63,000 despite Strategy's 1,638 BTC sale, miner selling pressure and a fourth suspected Coldcard wallet sweep.
Spot Bitcoin and Ethereum ETF flows continue to shape institutional positioning as traders monitor daily movements in major products.