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Left with few good options, Michael Saylor’s company “kicked the can down the road” with plans for stock buybacks and bitcoin sales.

EuroPac.com Chief Economist and Global Strategist Peter Schiff is escalating his attacks on Michael Saylor, arguing that the eventual unwinding of Strategy's Bitcoin position could prove more damaging to the crypto industry than Sam Bankman-Fried's collapse at FTX, and that Saylor himself could end ...

SkyBridge founder and former Trump advisor Anthony Scaramucci is standing firmly behind Michael Saylor, dismissing a wave of predictions earlier this summer that Strategy's Bitcoin-heavy balance sheet was headed toward liquidation. In a post on X early Monday, Scaramucci took aim at those who had ...

Strategy stock moved higher Monday after the company said it plans to buy back stock and sell bitcoin among many moves aimed at stemming a loss of confidence in the crypto-hoarding company. Today's announcement at Michael Saylor's firm follows a rough stretch for its stock.

Bitcoin has struggled through one of its sharpest downturns in recent months, falling below $59,000 last week before recovering modestly as investors pulled back from risk assets. The sell-off has also rattled companies with large Bitcoin exposure. Among the hardest hit has been Michael Saylor's ...

Michael Saylor’s   Strategy plans to buy back stock and sell bitcoin among many moves aimed at stemming the loss of confidence in the crypto-hoarding company. Strategy said Monday it would repurchase as much as $1 billion of its preferred shares and up to $1 billion of its Class A common stock. It also said it might sell bitcoin to raise up to $1.25 billion in cash to help cover the dividend payments on its preferred stock and the interest on outstanding debt, as well as to fund its share-repurchase program and cash reserve.

(Bloomberg) -- Michael Saylor’s Strategy Inc. unveiled a sweeping overhaul of the financing model underpinning its Bitcoin strategy, giving itself broader powers to sell the cryptocurrency, buy back securities and preserve liquidity as it adapts to mounting pressure on the structure that fueled years of aggressive accumulation.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Mo

Grayscale’s latest report argued this cycle's drawdown is unlikely to match the 80% declines of prior bear markets due to stronger institutional demand and a more mature market structure.

Michael Saylor's Strategy (NASDAQ: MSTR) has been the inspiration behind many companies picking up a crypto treasury model. One such firm was Brera Holdings. Founded in 2022, it began as an owner of small football clubs across Italy, North Macedonia, Mozambique, and Mongolia. After its ...

(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

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.

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 ...

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

U.S. stock markets are mostly headed for a month in the red amid a downbeat streak for technology names.

Rosen Law Firm has launched an investigation into Strategy (MSTR), while Arkham argues STRC’s decline differs fundamentally from Terra’s LUNA collapse.

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.

Find insight on cryptocurrency, BlackBerry, Micron and more in the latest Market Talks covering technology, media and telecom.

(Bloomberg) -- Bitcoin is facing a massive options expiry that could put more pressure on a market already struggling with fading institutional demand and macroeconomic headwinds.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesGrand Ole Opry House Up For Sale by Owner Ry

Cathie Wood’s investment company is among the backers to lose out from the unravelling of a football business turned cryptocurrency hoarder,...

Strategy, Palantir Technologies, and Netflix slid to fresh 52-week lows amid profit-taking and a renewed focus on chipmaking stocks.

Leading cryptocurrencies retreated further on Wednesday as investors awaited the crucial inflation report for guidance on the direction of interest rate cuts. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:25 p.m. EDT)Bitcoin (CRYPTO: BTC)-3.12%$60,820.99Ethereum (CRYPTO: ETH) -2.97%$1,617.84XRP (CRYPTO: XRP) -2.81%$1.07Solana (CRYPTO: SOL) -3.07%$67.59Dogecoin (CRYPTO: DOGE) -3.47%$0.07620 Crypto Bloodbath Continues Bitcoin fell below $60,000 for the first time since October 24, as trading

(Bloomberg) -- A closely watched vote on a tie-up between a Cantor Fitzgerald-linked company and a digital-asset treasury firm led by Adam Back has been delayed.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesStocks Climb Late After Micron’s Blowout Outlook: Markets WrapThe Debasement Trade Is Unraveling and Kevin Warsh Is One Big

Bitcoin fell below $60,000 Wednesday afternoon. The largest cryptocurrency recently traded around $59,700, its lowest intraday level since earlier this month, when Strategy, the bitcoin accumulation firm founded by Michael Saylor, said it had unloaded a portion of its massive holdings for the first time since late 2022.

Scott Melker discusses the trading volatility and short activity around SpaceX (SPCX) — the Elon Musk-led company's stock shedding its post-IPO gains — especially as it issues its first debt sale since going public. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

(Bloomberg) -- Bitcoin spent years trying to shed its reputation as a playground for speculative retail traders. Its latest selloff is exposing the tradeoff: Wall Street brought scale and legitimacy, but the retail buyers who once helped absorb sharp declines have largely vanished.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock

(Bloomberg) -- Michael Saylor’s Bitcoin buying machine Strategy Inc. should stop purchasing the cryptocurrency if it wants to restore market confidence in its shares.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsSpaceX Falls for Third Day, Erases $600 Billion

Shares of Strategy, the bitcoin-accumulation firm founded by Michael Saylor, are on pace for their lowest close in more than two years. The stock fell 4.7% Tuesday afternoon and is down more than 30% this year.

In the annals of risk-taking bosses, perhaps none have outdone Michael Saylor. Strategy was improbably worth $130 billion when he tried an unorthodox financing method that experts warned risked disaster.