Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

Stephen Alpher

Latest from Stephen Alpher


Markets

Vanguard opens search for digital assets leader in sign of evolving crypto strategy

The new role would oversee tokenization, stablecoins and blockchain initiatives as Vanguard reassesses digital assets.

(Piotr Swat/Shutterstock)

Markets

AI trade loses steam as infrastructure boom faces reality check

Record earnings, rising competition and concerns over slowing AI spending are forcing investors to reassess one of the market's biggest trades.

DRAM ETF (TradingView)

Tech

Live markets: Iran returns to the headlines, hitting markets

Bitcoin and ether ETFs drew fresh inflows Monday as the bid starts to return.

List of prices with up/down arrows and percentage change (geralt/Pixabay)

Markets

Strategy selling hundreds of millions worth of bitcoin raises question about its capital-allocation playbook

First, it was a tiny amount of bitcoin sales; then, the purchase of several thousand BTC; and finally, today, the unloading of thousands of BTC. What's happening at Strategy?

Strategy Executive Chairman Michael Saylor (Nikhilesh De)

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Markets

Cantor says Strategy's recovery hinges on restoring STRC to par

Bringing Strategy's preferred shares back to $100 is key to restarting Strategy's capital engine, the bank said, with repeated management actions expected to support both preferred and common shareholders.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Finance

Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost

The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.

Tom Lee on the Mainstage at Consensus Miami 2026

Markets

Michael Saylor's Strategy dramatically ups pace of bitcoin sales, raising $216 million

The company sold 3,588 bitcoin last week to replenish its dollar reserves for dividends on its preferred stock.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Tech

Live markets: Bitcoin recoups early decline, rising back above $63,000

Strategy raised $216 milliion with the sale of 3,588 bitcoin last week, sending prices lower earlier on Monday.

Bitcoin, ether whipsaw wipes out $280 million even as prices remain flat over 24 hours. (Shutterstock)

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Finance

Securitize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut

The newly-public company's shares are the largest issuer-sponsored tokenized stock at launch, aiming to make a point against rival third-party stock token issuers.

Securitize's Carlos Domingo (CoinDesk)