Strategy sells 3,588 Bitcoin as Q2 digital asset loss hits $8.3 billion

Will history repeat for bitcoin with another major leg down?

Brad Garlinghouse called Strategy’s sliding preferred shares a damning indictment of financial engineering. Traders answered with an uncomfortable observation: Ripple also funds itself from the asset it champions, one billion escrowed XRP at a time. The feud between crypto’s two…

Strategy sold $225M in BTC over two weeks to fund dividends, and BTC closed the week higher, testing whether the market can absorb ongoing sales.

The World Cup's crypto integration highlights digital assets' growing influence in sports, impacting market dynamics and fan engagement globally. The post Kraken’s World Cup debut and Brazil’s collapse: what crypto gets from the beautiful game appeared first on Crypto Briefing.

Crypto exploits rose 59% quarter-on-quarter to $807.5 million in Q2, due partly to the KelpDAO and Drift Protocol exploits, which came at the hands of North Korean hackers.

Strategy sold $216 million in Bitcoin to fund its dividend payments, as wealth manager Bernstein maintained its year-end Bitcoin price target of $150,000.

Strategy's Bitcoin sale highlights the potential vulnerability of relying on volatile assets for dividend funding, impacting investor confidence. The post Strategy sells Bitcoin for the first time since 2022 to fund dividend payments appeared first on Crypto Briefing.