Strategy's capital framework authorizes the repurchase of up to $1 billion in preferred and common shares. The company raised its dollar reserve from $1.44 billion to $3 billion after selling shares and cryptocurrencies. Total corporate treasury holdings remained unchanged at 843,775 Bitcoin.
Prominent angel investor and early Uber backer Jason Calacanis has argued that Bitcoin's biggest challenge is no longer the asset itself, but the growing influence of Strategy (formerly MicroStrategy) and its outspoken co-founder Michael Saylor.
Bloomberg Senior ETF Analyst Eric Balchunas on Friday said Bitcoin (CRYPTO: BTC) ETFs are likely following gold ETFs' 22-year playbook of explosive gains, painful drawdowns, and recoveries that test investor patience. Why Balchunas Is Drawing The Gold ETF Parallel Balchunas built his comparison around one shared structural trait.
Bitcoin's 200-week moving average climbed above $61,000 in late May, reinforcing a rising long-term support level and strengthening the bullish case.
CryptoQuant urges Strategy to pause Bitcoin buying and rebuild cash reserves, citing a collapse in dividend coverage and $10.6B in unrealized losses. Strategy needs clearer bitcoin buy and sell rules, CryptoQuant warns.
CryptoQuant said Michael Saylor's Strategy still needs still needs clearer rules for when to buy and sell bitcoin.
ETRADE from Morgan Stanley (NYSE:MS) has officially enabled direct cryptocurrency trading, allowing eligible U.S. clients to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) within their brokerage accounts.
The BlackRock IBIT fund reduced its assets under management to $60 billion after briefly touching a temporary peak of $100 billion in October. The SPDR Gold Trust fund experienced a similar trajectory in 2011 of a boom and subsequent extended stagnation that lasted eight years before recovering its peak levels.
Bitcoin fell for a second straight day, dropping 1.4% to trade just under $63,600. It hit a session low of $62,732 early Friday, trimming its market cap and dragging the aggregate crypto market capitalization down 1.8% to $2.26 trillion.
BTC PREF is expected to begin trading July 20, with any discount to SEK 120 lifting the indicated cash yield above 10%.
USDt's expected 2026 launch on RGB could return the world's largest stablecoin to Bitcoin after its early Omni Layer era. RGB uses client-side validation, keeping contract data mostly off-chain while anchoring state changes to Bitcoin through cryptographic commitments without changing Bitcoin's base layer itself.
Bitcoin Falls Below $63,000 As Tech-Led Risk-Off Mood Hits Crypto is worth covering because it sits inside one of crypto's live conversations rather than floating as a standalone headline. The market has been dealing wit