As part of its ongoing bitcoin-focused treasury strategy, Strive (ASST) purchased 18 bitcoin for roughly $1.2 million over the past week. The acquisition lifts the company's total holdings to 19,900 BTC, edging it closer to the 20,000 mark. Alongside its expanding bitcoin position, Strive
Michael Saylor's Strategy raised $467 million through sales of common stock, boosting its USD Reserve to $3 billion while opting not to purchase additional bitcoin during the period. The decision marks a departure from the firm's typical pattern of channeling capital raises directly into bitcoin acquisitions.
Renewed geopolitical friction between the United States and Iran has pressured risk assets, pushing bitcoin lower as investors reduce exposure to volatile markets. The escalation adds macro uncertainty at a time when traders were watching for clearer directional signals. Despite the price decline, spot bitcoin ETF flows continue to indicate
Escalating conflict between the United States and Iran has rippled through global markets, pushing oil prices and bond yields higher and reigniting fears that a prolonged disruption in the Strait of Hormuz could keep inflation elevated. Against that backdrop, Bitcoin dropped below $63,000, trading near $62,940 according to
Onchain data has flagged the reactivation of a long-idle Bitcoin wallet, drawing attention to holdings that have appreciated dramatically over the past seven years. The whale last moved funds in 2018, when bitcoin traded near $6,475, meaning the coins have gained roughly tenfold in value since then. The
Strategy, the corporate bitcoin holder led by Michael Saylor, now sits on a paper loss of roughly $9.7 billion as bitcoin trades near $64,000, well below the firm's average acquisition cost. The company holds 843,775 BTC purchased at an average price of $75,476, meaning
Weakening demand across multiple market indicators is raising questions about whether the XRP Ledger's expanding institutional pipeline can sustain investor and network activity. US spot XRP exchange-traded funds saw roughly $7.2 million in net outflows during the week ending July 10, according to SoSoValue, ending a
US spot Bitcoin exchange-traded funds broke an eight-week streak of redemptions that had drained more than $8 billion from the sector, drawing $197 million in net inflows across 13 products. The renewed demand coincided with a 3% weekly price rise that pushed Bitcoin past the $64,000 level.
Cantor and BSTR are reworking the financing behind a large Bitcoin treasury venture after the original funding package ceased to be binding, according to CryptoSlate. The arrangement was tied to roughly 30,021 BTC and linked to Blockstream co-founder Adam Back. With the prior structure no longer in force,
The stablecoin sector has contracted by roughly $10 billion since May, with $7.7 billion of that decline occurring in June alone — the largest monthly dollar drop since the Terra-Luna collapse in May 2022. Despite the scale of the contraction, one analyst argues there is no cause for alarm,
Fidelity's Director of Global Macro, Jurrien Timmer, says bitcoin is drawing close to a power law support line the firm has monitored since 2015, a technical model that maps the asset's long-term price trajectory. Timmer characterizes the current level as an accumulation zone, suggesting it
After nearly two months of sustained selling, US-listed bitcoin and ether exchange-traded funds recorded a combined $282 million in net inflows this week, ending an eight-week streak of withdrawals. The reversal signals renewed investor interest, though it barely dents the losses accumulated during the downturn. Over the