Bitcoin News

Bitcoin News

Markets

Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin

Michael Saylor says Strategy aims to make STRC the world's best credit instrument after the company sold bitcoin to help fund preferred stock distributions

Executive Chairman MicroStrategy, Michael Saylor (CoinDesk)

Markets

Michael Saylor's Strategy sold 32 bitcoin for $2.5 million to fund dividend payments

The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock.

Strategy's Michael Saylor (CoinDesk)

Markets

Strategy holds STRC dividend at 11.5% for fourth straight month

The preferred stock remains near its $100 par value as the company balances yield stability, ATM issuance capacity, and its bitcoin acquisition strategy.

Strategy Executive Chairman Michael Saylor (CoinDesk Television)

Markets

Bitcoin and software stocks are breaking up — and history says a major crypto move is coming

Bitcoin and software equities have sharply diverged after moving in lockstep for years, raising questions over whether bitcoin will eventually catch up.

BTCUSD/IGV (TradingView)

Markets

A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor

NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.

Bitcoin price chart on a screen (Behnam Norouzi/Unsplash)

Markets

Bitcoin's wild days are over — and Trace Mayer says that's a good thing

The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.

Trace Mayer (Trace Mayer)

Markets

Live markets: Bitcoin shrugs off early decline, but two-month winning streak is in jeopardy

A hopeful posting on Iran from President Trump helped erase morning losses.

Bitcoin down

Policy

U.S. CFTC opens crypto 'perp' door with first approvals at Kalshi, Coinbase

The Commodity Futures Trading Commission has now established a stance on how regulated U.S. firms can engage in crypto perpetual futures contracts.

CFTC Chairman Mike Selig (Jesse Hamilton/CoinDesk)

Markets

Bitcoin ETF outflows reach record 9-day streak as investors pull $2.8 billion

The longest run of withdrawals since U.S. spot bitcoin ETFs listed in January 2024 comes as bitcoin underperforms high-flying AI and semiconductor stocks.

CoinDesk

Markets

Strategy's STRC slips below $99 as Strive captures investor attention

STRC has struggled to maintain its $100 target price, while Strategy's reduced cash reserves and dividend obligations are drawing increased investor attention.

Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))