A second corporate accumulator of cryptocurrency is starting to look a lot like the first. Bitmine Immersion Technologies (BMNR), the treasury firm chaired by Fundstrat’s Tom Lee, bought 101,901 ether (ETH) worth roughly $234 million last week. That’s close to the regular weekly purchases from… Read More
Bitcoin BTC$77,976.32 is breaking out of the Iran-headline chop. The cryptocurrency topped $78,000 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after President Donald Trump said he would extend the Iran ceasefire indefinitely and Strategy disclosed the purchase of 34,164… Read More
Michael Saylor, executive chairman of Strategy (MSTR), believes bitcoin likely bottomed in early February at $60,000. Speaking at a recent Mizuho event, Saylor reiterated his long-held view that bottoms aren’t necessarily about valuations but are driven by seller exhaustion, analysts Dan Dolev and Alexander Jenkins… Read More
Strategy has bought nearly 15,000 BTC so far this year, pushing its stash to about 687,000 BTC as Saylor signals more purchases may be coming.
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$95,267.61 has gone the “Strategy (MSTR)-way”, falling below a key support to shatter the memory traders had of this level as a reliable bounce zone. The leading cryptocurrency by… Read More
