23h ago
Strategy Accumulates 650,000 BTC and Builds $1.44B Cash Reserve as Stock Trades Below Bitcoin Holdings Value
Strategy Inc. has accumulated 650,000 BTC after purchasing 130 coins at approximately $89,960 each, while establishing a $1.44 billion cash reserve to cover preferred stock dividends and debt obligations. The company's market capitalization stands at roughly $45 billion, about $10 billion below the $55 billion market value of its bitcoin holdings. The firm's stock has fallen 57% since October 6, raising questions about the sustainability of its acquisition strategy under current market conditions.
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BTC
BTC+6.77%
23h ago
23h ago
Bitmine Acquires 96,800 ETH for $273 Million as Ethereum Tests Key Support Level
Bitmine purchased 96,800 Ethereum tokens worth approximately $273 million over the past week, according to Arkham Intelligence. The acquisition occurred as ETH traded near $2,800 and found support at the 78.6% Fibonacci retracement level around $2,716. The firm currently holds approximately 3.44 million ETH valued near $10 billion, with $880 million in capital designated for future purchases.
ETH
ETH+9.30%
23h ago
1d ago
Bitcoin Drop Triggers Three Competing Explanations: BOJ Rate Signals, UTC Rebalancing, Parabolic Cycle Risk
Bitcoin's sharp selloff has prompted three distinct interpretations from market analysts. Arthur Hayes attributes the decline to Bank of Japan rate-hike signals affecting yen liquidity during Asia-Pacific trading hours. Nik Algo argues the drop resulted from algorithmic rebalancing at UTC day, week, and month boundaries. Peter Brandt warns the rally structure mirrors historical parabolic cycles that preceded 75% drawdowns.
BTC
BTC+6.77%
1d ago
1d ago
Saylor's 'Green Dot' Post Fuels MSTR Buyback Talk as mNAV Drops Below 1.0x
Michael Saylor posted a cryptic message on X referencing "green dots" alongside Strategy's bitcoin holdings and equity guidance charts, after the company's market net asset value fell below 1.0x this week. Strategy's published guidance states that when mNAV falls below 1.0x, the firm will "consider issuing credit to repurchase MSTR," prompting speculation the company may shift from bitcoin purchases to share buybacks. Analysts identify $180 as a critical resistance level for MSTR shares, which are currently testing support near $170 following a sharp decline.
BTC
BTC+6.77%
1d ago