Strategy buys $357M in Bitcoin as price drops to $112K
Michael Saylor’s Strategy announced a $356.9 million Bitcoin purchase last week, bringing total BTC buys in August to just 3,666 BTC.
Michael Saylor’s Strategy announced a $356.9 million Bitcoin purchase last week, bringing total BTC buys in August to just 3,666 BTC.
Original source
Read on CointelegraphRelated market context
Strategy’s Michael Saylor commits to raising capital with STRC above par
Saylor's strategy could stabilize STRC's market value, ensuring consistent capital flow for Bitcoin investments, impacting crypto...
Strategy’s Michael Saylor targets $15-30T for Bitcoin-backed credit instruments
Saylor's Bitcoin-backed credit strategy could reshape global finance, integrating crypto into mainstream credit markets and alteri...
Michael Saylor says investor confidence in Ethereum has collapsed
Ethereum's declining investor confidence signals a shift towards Bitcoin dominance, emphasizing real-world utility over speculativ...
Bitcoin sales are necessary for Strategy's digital credit business, Saylor says
Strategy's recent Bitcoin sale appeared to clash with Saylor's "never sell" mantra, but he says the move reflects how the company'...
Michael Saylor: 25% of Mag8 companies hold Bitcoin on balance sheets
The inclusion of Bitcoin by major tech firms signals a growing trend of digital assets being considered as strategic financial ins...
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...