Strategy’s NAV falls under 1, critics raise alarm after $5.7B Bitcoin wallet move
Strategy moves $5.7 billion in Bitcoin as its net asset value to its Bitcoin holdings drops below one for the first time, sparking valuation concerns amid marketwide speculation.
Strategy moves $5.7 billion in Bitcoin as its net asset value to its Bitcoin holdings drops below one for the first time, sparking valuation concerns amid marketwide speculation.
Original source
Read on CointelegraphRelated market context
Strategy Stock MSTR Offers Bitcoin Exposure At 18% Discount
Bitcoin Magazine Strategy Stock MSTR Offers Bitcoin Exposure At 18% Discount I’ve been vocal about accumulating Bitcoin aggressive...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Canton Network Developer Digital Asset Raises $355 Million Led by a16z Crypto to Bring Wall Street Onchain
Digital Asset, the developer of the Canton Network, raised $355 million in a funding round led by a16z crypto, the company announc...
Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut
Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion t...
SpaceX’s $75 Billion IPO at $135 Sparks Fresh Crypto Bets
Key Takeaways: SpaceX’s IPO was priced at $135 a share to raise a record $75 billion. Offering will value the company at about $1....
JPMorgan Says the Debasement Trade Retreat Has ‘Accelerated’ for Bitcoin as June ETF Outflows Reach $2.1 Billion
The debasement trade that fueled demand for bitcoin and gold through much of this year is unwinding, and the retreat has accelerat...