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Michael Saylor’s Strategy has resumed its Bitcoin buying. After a brief pause, the business intelligence firm has snapped up another $10.7 million worth of BTC, adding 130 coins to its already massive stash, bringing its total holdings to nearly half a million. The purchase, made at an average price of $82,981 per Bitcoin, represents the…
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Bitcoin hovers close to $84,000 and observes a 1% gain on Monday. Ethereum and XRP are also in the green as Ether eyes a comeback to $2,000. MicroStrategy acquires 130 Bitcoins at an average price of $82,981, but Peter Schiff warns the firm could go bankrupt. Bitcoin (BTC) daily price chart shows signs of recovery…
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Ominous pattern recently emerged on the price chart of the most popular meme cryptocurrency in the world, Dogecoin (DOGE). The talk is about the 23-day moving average crossing from an upside down to a 200-day moving average, which forms a figure of technical analysis better known as death cross. This is a pairing of Dogecoin to Bitcoin…
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Strategy (MSTR) marginally added to its massive bitcoin (BTC) holdings, selling a modest amount of its preferred stock (STRK) to fund the acquisition. The company last week purchased 130 bitcoin for roughly $10.7 million, or an average price of $82,981 each, according to a Monday morning filing. The so-called “BTC yield” is 6.9% year-to-date, according…
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The Bank of Korea (BOK) has dismissed the possibility of establishing a strategic bitcoin reserve, citing concerns over price volatility and risks. This comes despite ongoing global discussions about using bitcoin as part of foreign exchange reserves following the United States plans to create a reserve. In response to an inquiry from a member of…
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No one dared to speak about the potential for stagflation, the dreaded word representing portmanteau of stagnation and inflation, at the World Economic Forum in Davos early this year despite the looming Trump tariff and trade war. However, investors have acknowledged the s-word risk, leading to the outperformance of stagflation-linked strategies relative to the buy-and-hold…
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The central bank of South Korea took a bold step by rejecting a proposal to integrate Bitcoin into its foreign currency reserves. This verdict addressed ongoing concerns over cryptocurrencies’ position in traditional financial institutions. International trends had encouraged the suggestion, but the Bank of Korea highlighted worries about liquidity and volatility. This choice demonstrates South…
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Investors are fleeing digital assets as risky investments lose their popularity amid growing geopolitical and economic uncertainty. Globally, digital asset funds lost $1.7 billion last week alone, according to a report from CoinShares, taking the total outflow over five weeks $6.4 billion. In the U.S., bitcoin (BTC) exchange-traded funds (ETFs) logged the longest streak of…
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Michael Saylor’s Bitcoin corporate tycoon Strategy has acquired 130 BTC for approximately $10.7 million. Strategy, formerly known as MicroStrategy, is moving forward to push its Bitcoin (BTC) bags to the 500,000 mark, purchasing 130 BTC for $10.7 million. Strategy has acquired 130 BTC for ~$10.7M at ~$82,981 per bitcoin and has achieved BTC Yield of…