Crypto News·
STRC has fallen below its $100 reference price this week after Strategy sold a small amount of bitcoin to help fund preferred stock distributions. According to Strategy’s latest securities filing, the company sold 32 BTC between May 26 and May…
Read full articleBitMine has moved to raise $300 million through a preferred stock sale as the Ethereum treasury firm turns to dividend-paying securities for fresh capital. According to a Wednesday filing with the U.S. Securities and Exchange Commission, BitMine Immersion Technologies is…
BitMine seeks NYSE listing for 9.50% preferred stock while its ETH holdings face a sharp unrealized loss. The post BitMine files 9.50% perpetual preferred stock plan as ETH hits lowest level since February appeared first on Crypto Briefing.
The market’s leading crypto, Bitcoin (BTC), is coming under fresh pressure as multiple warning signs converge—from heavy selling in the exchange-traded fund (ETF) complex to renewed doubt around Strategy’s long-held “never sell” narrative. The result has been a weak session: on Wednesday, the cryptocurrency slipped below the key $66,000 level, extending a selloff that has already erased about $160 billion in overall market value this week, according to Bloomberg. $2.5M Bitcoin Sale Spooks Market Earlier in the week, Michael Saylor’s Strategy sold roughly $2.5 million worth of Bitcoin from a large holding currently valued at around $56 billion. Strategy reportedly reduced its hoard by only 32 tokens out of 843,706 coins. Even so, analysts say the size of the sale matters less than the message it sends—especially at a time when Bitcoin has been underperforming over the past few weeks. Related Reading: Mastercard Unveils Stablecoin Settlement Support Spanning 8 Blockchains, Including Th
Strategic Bitcoin sales could reshape traditional finance's perception and unlock new investment opportunities. The post Michael Saylor: Companies holding Bitcoin face skepticism from traditional finance, strategic sales can enhance liquidity, and Bitcoin’s undervaluation presents unique investment opportunities | The Pomp Podcast appeared first on Crypto Briefing.
Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.
On June 3, XRP hit a new year-to-date low of $1.188 amid a broader crypto sell-off, down nearly 34% for the year, before stabilizing just under $1.22. XRP Hits New Year-to-Date Low On June 3, XRP dipped below $1.20 amid a market-wide sell-off that also saw bitcoin tap its lowest price since early February. Market […]
The massive crypto liquidation highlights the volatility and risks of leveraged trading, potentially deterring institutional investors and impacting market stability. The post $883M in Bitcoin longs wiped as crypto liquidations hit $1.84B in 24 hours appeared first on Crypto Briefing.
A Casascius physical Bitcoin containing 25 BTC has been redeemed after nearly 15 years, unlocking cryptocurrency now worth about $1.78 million. According to data tracked by Casascius Tracker, the coin was activated on-chain on June 3, giving its holder access…
