Michael Saylor’s “Strategy” has purchased $169 million worth of Bitcoin, reinforcing its commitment to accumulating the cryptocurrency. Saylor has recently emphasized Bitcoin’s significance as the leading asset in corporate finance during public discussions, which aligns with Strategy’s ongoing policy of acquiring Bitcoin to enhance its balance sheet amid concerns over fiat currency debasement. Such announcements typically influence market sentiment and reflect an increasing trend of corporate adoption of Bitcoin.
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Bitcoin tumbles below $80K, erasing post-election gains amid $2.7B liquidations: Wintermute
Bitcoin’s value fell below $80,000, wiping out all gains made since President Trump’s election, amid $2.7 billion in liquidations as reported by Wintermute. This steep decline illustrates the cryptocurrency’s sensitivity to political events, with increased […]
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Tether, the crypto firm known for its USDT stablecoin, has amassed a gold reserve totaling $23 billion, positioning it among the top 30 global gold holders and surpassing several nations, according to a report by […]
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