Tag: btc

Michael Saylor’s MSTR Set for More BTC Purchases After Strife Stock Sale

Strategy (MSTR) will likely soon be in the market for additional sizable bitcoin purchases after pricing an upsized sale of its latest preferred stock issue. The company sold 8.5M shares of its 10% Series A Perpetual Strife Preferred Stock at price of $85 each, raising roughly $711.2M. Strategy initially had hoped to raise $500M. The latest series of preferred stock differs from the original STRK in that it comes with a higher coupon (10% versus 8%) and has no common share conversion provision. The company at last check owned more…

Biopharmaceutical Firm ATAI Life Sciences Joins Roster of Firms With BTC Treasury Strategies

Another company has elected to add bitcoin (BTC) to its balance sheet. Christian Angermayer, the chairman of Germany-based biopharmaceutical company atai Life Sciences (ATAI) announced today that the firm would develop its own bitcoin treasury strategy. “In an era of persistent inflation and volatile markets, I find myself asking an important question for biotech companies looking to preserve and optimize the capital they have: Could allocating a portion of treasury cash to bitcoin help preserve, optimize, and even extend a company’s runway and hence contribute to its success,” Angermayer wrote…

Bitfinex Bitcoin longs hit 6-month high — Will BTC price follow?

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Bullish Bitcoin (BTC) positions using leverage on the Bitfinex exchange surged to their highest level in nearly six months, reaching 80,333 BTC on March 20—equivalent to $6.92 billion. The 27.5% increase in Bitcoin margin longs since Feb. 20 has fueled speculation that the 12.5% BTC price gain from the $76,700 low on March 11 is driven by leverage and may not be sustainable. Bitfinex BTC margin longs, BTC. Source: TradingView / Cointelegraph However, Bitcoin’s price does not always move in tandem with bullish leveraged positions on Bitfinex. For example, in…

1 Million Bitcoin In New Whale Hands—A Mega BTC Rally On The Horizon?

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin Coinbase premium returns — Is $90K BTC price in the cards?

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The Bitcoin (BTC) Coinbase premium index reached its highest level since Feb. 20 after BTC prices rallied 5% on March 19. Bitcoin’s Coinbase premium index. Source: CryptoQuant Return of Coinbase premium highlights Bitcoin accumulation The Coinbase premium index measures the price difference between Coinbase and Binance prices for BTC pairs, where a higher value signals US investors dictating stronger buying pressure. The index gauges US retail interest, but Woonminkyu, a verified analyst on CryptoQuant, said that it may also signal strong accumulation from US institutions and whales. Coinbase premium analysis…

Dr. Copper, Once Positively Correlated to Bitcoin, Nears Record High. Will BTC Follow Suit?

Copper, recognized as a reliable economic indicator for decades, is nearing record highs. Seasoned crypto traders may recall periods when bitcoin (BTC) and copper exhibited a strong positive correlation and may quickly draw bullish conclusions from the recent rally in the red metal. If that’s not enough, BTC’s best years have been characterized by a rally in the copper-gold ratio, which is beginning to rise. However, the latest copper rally is driven by factors other than positive cues from global economy, warranting caution while seeing it as a bullish indicator…

Bitcoin (BTC) Holds Near $84K Following Fed Decision

As expected, the U.S. Federal Reserve left its benchmark fed funds rate range steady at 4.25%-4.50% on Wednesday, the second consecutive pause since three straight rate cuts to end 2024. The Fed’s quarterly economic projections showed a sharp decline in expectations for economic growth, with the GDP increase in 2025 now seen at just 1.7% versus 2.1% at the December projection. The growth outlook for 2026 and 2027 was trimmed as well. “Uncertainty around the economic outlook has increased,” the Fed said in an accompanying statement, which is likely a…

Xapo Bank Unleashes Bitcoin-Backed Loans—Borrow up to $1M Without Selling BTC

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Xapo Bank is revolutionizing bitcoin finance with a game-changing loan service—borrow up to $1M in USD without selling your BTC. Bitcoin-Backed Loans: A New Era of Crypto Credit Xapo Bank has introduced a bitcoin-backed loan service, enabling qualifying members to secure USD loans without liquidating their bitcoin holdings. The new offering, available through the Xapo […] Original

Dogecoin, Ripple XRP Lose 3% as BTC Traders Look to FOMC

The crypto market was little changed-to-lower on Tuesday, with dogecoin (DOGE) and XRP leading declines among major tokens with losses of just over 3% in the past 24 hours. The CryptoX 20 Index (CD20), a measure of the broader crypto market, fell 2%. The lack of volatility comes as bitcoin (BTC) traders largely brace for the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, which could set the tone for monetary policy and influence risk assets including cryptocurrencies. The Federal Reserve’s decision on interest rates — widely expected to…