Bitcoin Bull Strategy Chooses Bonds In Unexpected Pivot
Strategy currently holds 843,738 BTC valued at around $65 billion, making it one of the largest corporate holders of the cryptocurrency in the world. The company paid roughly $63 billion to acquire that stash, leaving it sitting on about $1.50 billion in unrealized profit. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment A Brief Pause, Not A Retreat None of that stopped Michael Saylor from announcing something that caught the crypto market off guard this week. The executive chairman confirmed on X that Strategy bought bonds this week instead of adding....
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Michael Saylor has confirmed that Bitcoin treasury company Strategy skipped out on Bitcoin accumulation this week, opting to buy bonds instead. Strategy Has Paused Bitcoin Accumulation For Now In a new post on X, Strategy co-founder and chairman Michael Saylor revealed that the company didn’t buy Bitcoin during the past week. This post was the […]
As you've likely heard, Circle announced this week that it had closed down its bitcoin exchange, a move the mainstream press interpreted as a "surprising" pivot away from bitcoin and another nail in the cryptocurrency’s coffin. The reaction is understandable, given Circle's significance in the bitcoin space. But it is wrong, on many levels: It is not a surprise. Nor is it a pivot. It is not a rejection of bitcoin. Nor is it bad news for the sector. Let's go through these points in order, and then take a look at the trend this news highlights. Retracing steps. The move is not unexpected:....
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that stock, bond, and real estate markets will crash as the Federal Reserve continues to raise interest rates. Noting that the Fed will pivot, he advises investors to buy bitcoin. Robert Kiyosaki Recommends Buying Bitcoin Before Fed Pivot The author of Rich Dad Poor Dad, Robert Kiyosaki, has advised investors to buy bitcoin before the Fed pivots, reiterating that the Federal Reserve’s interest rate hikes will destroy the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and....
Metaplanet, a Tokyo‑listed company often called Japan’s ‘Strategy,’ has just raised $210 million in zero‑interest bonds to add more Bitcoin to its treasury. The board signed off on the 18th series of ordinary bonds on Monday. Related Reading: Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In Those notes, bought only by the Cayman Islands […]
To put this into perspective, the 10-year Chinese Treasury bond future crashed by 2%. The Chinese government has made yet another decision that makes their economy look weaker. Trading in bond future sis no longer possible every since the market crashed in spectacular fashion. It only took the market a few hours to wipe out all bonds market gains made in the past 18 months. China has a volatile market, and it looks like things go from bad to worse. It was not entirely unexpected the Chinese bonds market would collapse sooner or later. The PBOC has been making very strange decisions as of....