Michael Saylor’s Strategy acquires another 1,587 bitcoin for $100 million
The latest purchase was made at an average price of $63,024 per bitcoin.
Bitcoin News
Here’s what SpaceX’s IPO means for its $1.3 billion bitcoin reserve
The largest company on public markets now holds bitcoin as a treasury reserve, not as a business model. Its first earnings cycles will test which version of corporate crypto survives a bear market.
Bitcoin rises above $64,000 after Pakistan prime minister says Iran peace deal is near
Bitcoin traded above $64,000 on Saturday, supported by its strongest ETF inflows in a month and growing optimism around geopolitical developments.
Saylor to Musk: Thanks to you, 25% of ‘Mag8’ firms now hold bitcoin
“Thanks to you, 25% of the Mag8 now holds bitcoin on the balance sheet,” Saylor wrote on X, congratulating Musk on SpaceX’s historic IPO debut.
Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
Senior market analyst Geoffrey Kendrick pointed to the SpaceX IPO and a potential U.S.-Iran peace deal as the dual catalysts ending the recent crypto selloff.
There’s one simple way to tell whether bitcoin has really bottomed. Right now, it hasn’t.
Bitcoin’s weekly RSI contains a critical level that has reliably separated bull and bear market regimes across multiple cycles. Right now, the indicator has yet to clear that line.
It’s not just bitcoin ETFs. Corporate BTC buying has dried up too
ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness.
BlackRock and Fidelity are quietly turning bitcoin ETFs into a two-firm market
BlackRock’s IBIT and Fidelity’s FBTC are attracting the vast majority of new bitcoin ETF money, leaving smaller funds increasingly sidelined as institutional investors consolidate around the industry’s largest players.
Bitcoin ETFs are no bigger today than when Trump won the election
Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024.
Come back after the summer, says one analyst on crypto markets
Bitcoin’s growing divergence from tech stocks raises concerns as AI spending surges, says Quinn Thompson.