Strategy’s Bitcoin Position Is Bear-Proof, Analyst Says
According to Bitcoin analyst Willy Woo, Strategy (MSTR) is unlikely to be forced to sell its Bitcoin in the next major market downturn. Strategy holds about 641,205 Bitcoin, a stake worth roughly $64 billion at current prices, according to Saylor Tracker. Related Reading: Trump Warns Of China’s Crypto Surge, Calls For US To Take Lead […]
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Strategy’s BTC holdings could be at risk following Technical expert Tony Severino’s revelation about Bitcoin’s current price action. The expert noted that the flagship crypto’s 200-day MA is below the average cost of the company’s BTC holdings, meaning they could still hold an unrealized loss at some point. Strategy’s Stock At Risk With Bitcoin’s 200-Day […]
Bitcoin (BTC) is likely to benefit from the inclusion of Strategy (MSTR) – formerly MicroStrategy – in the S&P 500 Index following one of its strongest quarterly results. To recall, Strategy is the world’s leading Bitcoin treasury firm, holding more than three percent of BTC’s total supply. Strategy’s Inclusion In S&P 500 Bullish For Bitcoin […]
Strategy’s $40 billion Bet on Bitcoin has become the subject of a class action lawsuit. The plaintiffs accuse the company’s executives of making misleading statements. This comes amid the firm’s latest purchase of 7,390 BTC. Strategy Faces Lawsuit Over Bitcoin Bet According to Strategy’s filing with the SEC, the plaintiffs filed a class action lawsuit […]
This week has seen the COMP price put on one of the most impressive rallies amid the bear market. The price recovery has seen the digital asset gain more than 22% over a 7-day period, cementing its position as a top gainer. But even with such an already significant gain, one analyst believes that the […]
Speculations about the Bitcoin bull market being over have been rife in the crypto market, particularly as the price has failed to reach its March all-time high of above $73,000. Providing a more compelling case to this narrative, a crypto analyst has released a Bitcoin bear case scenario that could see the pioneer cryptocurrency decline to $28,000. Bitcoin Bear Case Unveiled In an X (formerly Twitter) post, crypto analyst and Position trader Bob Loukas revealed a “Bitcoin bear case,” unveiling a more unorthodox and bearish scenario for Bitcoin than most analysts have suggested. Basing....