The pause in Strategy’s Bitcoin sales comes after the company sold 6,948 BTC for roughly $431.8 million since late May.
Stocktwits
ETFs to Watch as HOOD Sinks Despite Q2 Earnings Beat, Better Cash Position
HOOD slides after a Q2 earnings beat as crypto revenues weaken, but stronger cash and trading metrics put ETFs with Robinhood exposure in focus.
Zacks
MSTR Stock Slides After Strategy Ends Four-Week Pause With $104M Bitcoin Sale
The company sold the Bitcoin at an average price of $63,957, below its average acquisition cost of approximately $75,419 per coin.
Stocktwits
MSTR Stock Drops On Q2 Miss – Michael Saylor Says $1 Trillion AI 'Capital Suction' Is One Of Five Bitcoin Headwinds
Saylor stated Bitcoin miners expanding into AI data centers have also contributed to the industry’s growing demand for capital.
Stocktwits
BMNR, CRCL, MSTR Stocks Lead Slide In Crypto Equities Amid Bitcoin’s Tumble To $63K
The overall cryptocurrency market fell 2.5% to around $2.45 trillion, wiping out more than $530 million in long bets.
Stocktwits
MSTR Stock Climbs After Michael Saylor’s Strategy Skips Bitcoin Buys Again, Raises $545M Through Share Sale
Strategy disclosed that it did not purchase any Bitcoin during the past week, extending its buying pause to five consecutive weeks.
Stocktwits
Galaxy Research Head Says Bitcoin Is A 'Veblen Good' — The Firm's Own Desk Is 50/50 On The Bottom
Galaxy’s trading desk says Bitcoin’s risk-reward is improving over the next 6-12 months, citing stronger ETF flows.
Stocktwits
COIN Stock In Focus: Coinbase CEO Says CLARITY Act Is Ready For A 'Full Senate Floor Vote,' Signals Passage Within Weeks
COIN shares fell more than 5% on Wednesday, after the stock surged more than 11% a day before on fresh optimism about the bill’s progress.
Stocktwits
MSTR Stock Gains After Michael Saylor’s Strategy Extends Bitcoin Buying Pause To Two Weeks, While Raising Another $263.5M
The company has now gone four consecutive weeks without increasing its Bitcoin position, including two weeks of sales followed by two weeks without purchases.
