Japanese financial services giant SBI Holdings to buy Bitbank for $289 million
SBI said the purchase of the crypto exchange is set to close in October.
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SBI said the purchase of the crypto exchange is set to close in October.
The real estate investor pitched his model as a treasury company backed by cash-flowing property rather than stock sales, framing the slide in bitcoin as a chance to accumulate.
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Bitcoin slipped near $58,000 before recovering, and CF Benchmarks says the $50,000 to $60,000 zone is where buyers have always stepped in.
BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.