Adam Back recently hinted during a live CNBC appearance that his company BSTR is set to purchase $800 million worth of Bitcoin, suggesting a bullish outlook for the cryptocurrency. This move comes as BSTR is advancing with its SPAC merger, aiming for shareholder approval in April, and follows Back’s assessment that the recent downturn in Bitcoin’s price has been primarily influenced by macroeconomic factors rather than regulatory issues.
Source
Strategy has announced a 25 basis points increase in the dividend on its Stretch perpetual preferred stock, raising it to 11.5%. This move aims to attract yield-seeking investors, reinforcing Strategy’s focus on its corporate Bitcoin […]
Mubadala Investment Co., the Abu Dhabi sovereign wealth fund, has increased its stake in the iShares Bitcoin Trust by 46%, now holding 12,702,323 shares valued at approximately $488 million, according to a recent SEC filing. […]
South African Reserve Bank Governor Lesetja Kganyago cautioned about the rising popularity of stablecoins, expressing concerns that these cryptocurrency assets could “break apart.” This warning comes amidst a broader trend of global central banks highlighting […]