(Bloomberg) -- This week’s tech rout did more than puncture one of the year’s hottest trades: it exposed the machinery of modern speculation — and how quickly it can work in reverse.Most Read from BloombergLutnick Delayed Canada Bridge Debut to Seek Bigger Cut of Toll RevenueIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansApple Shares Sink After Price Hikes Hit iPads and MacsOman Tells Allies Ships Going Through Hormuz May Have to PayMamdani Rent Freeze Cheers Weary Tenants, Alarms La
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Investing.com -- A strong earnings showing for one memory stock was overshadowed by a rotation out of technology and into more defensive names, while Bitcoin's slide below $60,000 hit crypto-linked stocks over the past few days.
Worries over Strategy and interest rates have pressured crypto, but Bitwise’s Matt Hougan argues the shakeout is setting up a new rally.
Strategy is sitting on a $13 billion unrealized loss on its bitcoin holdings, with its STRC preferred stock down 25% from par. The company still has about 10 months of reserves to cover dividends but the bigger question is whether investor confidence holds if bitcoin doesn't bounce back. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
Longtime Bitcoin critic Peter Schiff renewed his attack on Strategy’s preferred stock offering STRC, accusing Executive Chairman Michael Saylor of misleading investors. Never Attracted To BTC Narrative "It’s true that I never bought into the Bitcoin narrative, but I always...
Bitcoin's sell-off deepened on June 26 as investors continued fleeing risk assets across global markets. The world's largest cryptocurrency briefly traded near $58,000, extending a decline that has pushed prices back to levels last seen in September 2024. The broader crypto market also ...
Strategy’s flagship preferred stock tumbled again when U.S. markets opened, setting another record low as Bitcoin lingered below $60,000.
For years, the simplest way to bet on Bitcoin (CRYPTO:BTC) without buying it yourself was to buy Strategy. Michael Saylor turned his company into a giant Bitcoin holding machine, and for most of that run, the market paid far more for the stock than the Bitcoin behind it was worth. However, that narrative has now ... Strategy Is Now Worth Less Than Its Own Bitcoin: Is Saylor about to be forced to sell?
Saylor reaffirms Strategy's Bitcoin focus on X as Rosen Law Firm probes MSTR and preferred securities for misleading investor claims.
Strategy’s (MSTR) collapse to $85, marking a severe 76% slide over the past year, reflects a sharp narrative repricing. The market’s premier corporate Bitcoin proxy faced institutional derisking after management demonstrated a willingness to utilize core treasury assets for liquidity, shifting Wall Street perception from an untouchable cold-storage vault into an actively managed corporate balance sheet.
Strategy faces pressure as the price of its Stretch preferred stock continues to slide and Bitcoin, the world’s largest crypto, endures a slump.
Bitcoin sinks to a fresh 2026 low as the selloff drags on. Kraken makes a major move into DeFi. And BlackBerry is staging a comeback.
Michael Saylor's Strategy is experiencing pains as a result of its financial engineering.
Investors shifted their attention from long-term AI growth potential to the immediate costs of building the infrastructure needed to support it.
The cryptocurrency market meltdown continued on Thursday as fears of rising inflation and potential rate hikes weighed on investor sentiment Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:35 p.m. EDT)Bitcoin (CRYPTO: BTC)-2.45%$59,273.96Ethereum (CRYPTO: ETH) -3.68%$1,558.39XRP (CRYPTO: XRP) -4.04%$1.02Solana (CRYPTO: SOL) -0.71%$67.16Dogecoin (CRYPTO: DOGE) -3.11%$0.07384 Crypto Market Turns Bloody Red Bitcoin’s descent showed no signs of slowing down, as the apex cryptocurrency fell below
Traders can now go long or short on Apple (NASDAQ: AAPL), Meta (NASDAQ: META), Microsoft (NASDAQ: MSFT), and Strategy (NASDAQ: MSTR), no brokerage account, no market hours, no middleman. Decibel, a fully on-chain perpetual exchange built on the Aptos blockchain, has listed five new markets, namely ...
Bitcoin (CRYPTO: $BTC) treasury firm Strategy (NASDAQ: $MSTR) says it has enough cash on hand to fund the dividend ...
Rosen Law Firm has launched an investigation into Strategy (MSTR), while Arkham argues STRC’s decline differs fundamentally from Terra’s LUNA collapse.
The world's largest cryptocurrency fell to fresh lows, driving Strategy's stock to levels it hasn't seen in years.
Strategy Inc. (NASDAQ: $MSTR) is facing a sharper warning over the structure behind its Bitcoin (CRYPTO: $BTC) accu...
Bitcoin treasury companies show textbook bubble signs as MSTR loses $100 support and STRC trades below par value.
Strategy, the bitcoin-hoarding firm founded by Michael Saylor, is tumbling and on track to close at its lowest level in more than two years. It has fallen for seven consecutive days, marking its worst seven-day losing streak since the depths of the crypto winter in November 2022. This steep discount severely limits Strategy’s ability to issue new preferred capital to fund its bitcoin purchases.
Michael Saylor's Strategy (NASDAQ: MSTR) is drawing increasingly pointed criticism as cracks appear on its Bitcoin buying tool. The largest corporate Bitcoin (BTC) holder saw its perpetual preferred stock STRC fall to historic lows, below its at par price of $100. At press time on June ...
Bitcoin whale Strategy is in a race to raise cash before its diving MSTR stock and the falling bitcoin price make it untenable to raise anything approaching the $7.9 billion it may have to pay out in the next two years. The other $300.6 million, nearly 90%, went to shore up its depleted cash reserve. Given Strategy's heavy potential obligations due, and the lack in market confidence signaled by plunging shares of its primary preferred stock, the race for cash has likely accelerated this week.
MicroStrategy's STRC preferred stock crashed 25% below par as Bitcoin slid, but Saylor faces no forced-sale crisis.
Asking what one Bitcoin (CRYPTO:BTC) will be worth in 2030 feels almost absurd right now. The coin is hovering just above $60,000, down by about half from its peak last October, and the Fear and Greed Index has dropped into extreme fear. Even gold, the asset Bitcoin is supposed to replace, is getting sold off ... How Much Will One Bitcoin Be Worth in 2030?
Find insight on cryptocurrency, BlackBerry, Micron and more in the latest Market Talks covering technology, media and telecom.
Strategy's CEO explains options remaining on the table as Bitcoin craters