Strategy (formerly MicroStrategy) announced Friday that it will sell 28 million shares of its Series A Stretch Preferred Stock at $90 each in its initial public offering. The transaction is expected to close on July 29. Strategy said it estimates net proceeds of approximately $2.474 billion after underwriting discounts and estimated offering expenses. Strategy announces…
The Smarter Web Company has purchased an additional 225 Bitcoin for £19.6 million ($26 million), bringing its total holdings to 1,825 BTC worth approximately $216 million as corporate cryptocurrency treasuries continue expanding across global markets despite recent volatility. The London-listed technology company acquired Bitcoin at an average price of £87,096 ($118,076) per coin, achieving a…
Over the past 24 hours, the cryptocurrency market capitalization has dropped by another 5.1%, moving further away from the recently reached $4 trillion, now standing at $3.84 trillion. Overall, the market is down today. The majority of the top 100 coins per market capitalization are still red since yesterday. At the same time, the total…
Bitcoin’s old four-year rhythm has been upended, according to CryptoQuant CEO Ki Young Ju. He argued on Thursday that the crypto’s cycle is no longer in existence, driven out by big players stepping in. His latest comments follow a public rethink after he called a market top just a few months ago and got it…
Bitcoin is undergoing a notable pullback after trading within a tight consolidation range for the past two weeks. The price has dropped approximately 6% from its recent all-time high of $123,000, sparking increased volatility and growing debate among analysts. This correction, while still within historical norms, has prompted deeper reflections on market structure. Amid the…
The International Monetary Fund has drawn a sharp line under the latest bout of speculation over El Salvador’s Bitcoin strategy, telling reporters that the Central American nation has not added to its sovereign stash. Apparent increases in the Strategic Bitcoin Reserve Fund (SBRF), the IMF said, merely reflect “movements across various government-owned wallets” and leave…
Bitcoin is making its first meaningful move since breaking its all-time highs and reaching the $123,000 level. After consolidating in a tight range for nearly two weeks, the price is now pulling back toward $115,000—marking a 6% decline from recent highs. While this retracement has stirred caution among short-term traders, data suggests there is little…
Bitcoin’s summer melt-up has come to an abrupt halt. The benchmark cryptocurrency slipped from an intraday peak above $119,000 late Thursday to trade as low as $115,800 in European morning hours, its weakest print in a fortnight. The 2.7 percentage-point slide followed an unmistakable on-chain signal: Galaxy Digital quietly pushed more than 10,000 BTC—worth about…
Galaxy Digital has transferred a massive 17,123 BTC, worth $1.98 billion, to multiple centralised exchanges in the past 12 hours. Lookonchain reported Friday that the digital asset firm initially sent over 10,000 Bitcoin to exchanges in the past 8 hours. The transfer comes after Galaxy Digital received more than 80,000 Bitcoin from a Satoshi-era whale…
Luxury brokerage Christie’s International Real Estate, affiliated with the renowned Christie’s auction house, has unveiled a dedicated crypto division. The firm has created a specialized team of lawyers, analysts, and crypto experts to handle digital asset transactions, the New York Times reported on Thursday. Christie’s CEO Aaron Kirman said that the division was launched after…