Trump Media and Strategy adds billions to Bitcoin holdings, CoinDCX launches bounty, and India intensifies crypto tax enforcement this week. Strategy extends Bitcoin purchasing spree CoinDCX launches $11 million recovery bounty Trump Media allocates $2 billion to Bitcoin treasury Ark… Original
Key Notes Strategy purchased 6,220 Bitcoin for $739.8 million last week amid bullish price swings. The firm’s total Bitcoin holdings now stand at 607,770 BTC, valued at $43.6 billion. A Strategy executive sold $4.9 million worth of MSTR shares ahead of the Bitcoin buy. Bitcoin BTC $118 307 24h volatility: 0.4% Market cap: $2.35 T Vol. 24h: $42.03 B saw another boost last week as Michael Saylor’s Strategy Inc. made a fresh investment of nearly $740 million. The company, already known as the largest public holder of Bitcoin, added over…
Bitcoin’s price surged past $122,000 last week, Strategy grew its holdings to over 607,770 BTC, proving its conviction hasn’t wavered. The company’s stash is now worth more than the cash reserves of ExxonMobil, cementing its position as a heavyweight in both crypto and traditional finance. Original
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time last Monday. Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according…
The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure that could help BTC price avoid a deeper correction below $18,000. Bitcoin forming a “bear market floor” Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin daily outflow since June 17, on which traders withdrew nearly 68,000 BTC from exchanges. Moreover, over 121,000 BTC, or nearly $2.4 billion at current prices, has left exchanges in the past 30 days. …
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In just a few days, the Bitcoin options market will see a massive $740 million contract expiry, which accounts for roughly 37% of the total outstanding open interest within the market. This expiration may have some impacts on the crypto market’s price action, as those holding both calls and puts may move to cover or roll-over their positions depending on where the benchmark cryptocurrency is trading at around this time. The vast majority of these contracts are on Deribit – signaling that the platform still has absolute domination over the…