Strategy Resumes Bitcoin Buying: Another 220 BTC Added
Following a week of Bitcoin buying pause, Michael Saylor’s Strategy has gone back to accumulation with a fresh acquisition. Strategy Has Bought Another $27.2 Million Worth Of Bitcoin As announced by Strategy co-founder and chairman Michael Saylor in an X post, the Bitcoin treasury company has just made a new purchase. The buy, which occurred […]
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According to a recent 8-K filing with the US Securities and Exchange Commission (SEC), Strategy – formerly known as MicroStrategy – added another 525 Bitcoin (BTC) to its holdings between September 8 to September 14. Strategy Continues To Bolster Bitcoin Reserves Strategy, the world’s leading Bitcoin treasury firm, strengthened its BTC reserves as it added […]
Retirement managers in 14 US states have quietly added 632 million in Strategy stock to their portfolios. That bet comes as a way to tap into Bitcoin’s gains without buying the coin itself. It’s a move that has gathered steam over just one quarter. Related Reading: Bitcoin Bandits Busted: DOJ Charges 12 In $263 Million Cyber […]
Strategy (formerly MicroStrategy) currently owns an astounding 538,200 Bitcoin after it added a massive 379,800 $BTC in just the last six months. On average, the company has been acquiring 2,087 $BTC per day – a rate that far exceeds the current daily production rate of 450 $BTC, which comes to 13,500 $BTC per month. In effect, Strategy has been buying more than 4.5 times the amount of Bitcoin being mined daily. If Strategy continues its pace of BTC acquisition, it can create a Bitcoin supply crunch, where demand vastly outweighs the available supply. The natural consequence? Much higher....
Michael Saylor’s Strategy has announced a new Bitcoin buy involving 850 BTC shortly after the cryptocurrency’s price tumbled below $113,000. Strategy Has Added Another $100 Million Worth Of Bitcoin To Treasury As revealed by Strategy Chairman Michael Saylor in an X post, the Bitcoin treasury company has just added more of the cryptocurrency to its […]
Asian cryptocurrency exchange Okex says peer to peer trading is now open but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is now active as well but he fails to give a timeframe for the resumption of withdrawals. In an earlier tweet, the CEO reassures customers that their funds are safe and that withdrawals will commence as soon as possible. On Oct. 15, Okex announced the suspension of withdrawals of cryptocurrency after an unnamed private key holder was taken into custody by law enforcement. However,....