BTC Price at Record Leaves Crypto Stocks Mixed as MSTR, GLXY Gain, COIN Falls

Bitcoin’s {{BTC}} climb to a record left crypto stocks with mixed reactions as some companies closely tied to the industry advanced while others fell. The largest cryptocurrency by market capitalization rose more than 4% on Thursday, closing in on $118,000. It was recently trading at $117,700, up 5.78% over 24 hours. Strategy (MSTR), the holder … Read more

Strategy (MSTR), Metaplanet (3350) and Others Sit on Billions in Bitcoin (BTC) Gains

With bitcoin trading at a record high above $117,000, some of its largest institutional holders are sitting on massive gains — and show no sign of planning to cash out. Strategy (MSTR), the software company turned bitcoin holding giant, owns nearly 600,000 BTC, according to BitcoinTreasuries.Net data, and has made an estimated $28 billion in … Read more

Michael Saylor’s MSTR Raising More Capital for Bitcoin Buys

Michael Saylor-led Strategy (MSTR) expects to report a second quarter $14.05 billion gain on its bitcoin holdings of more than 500,000 coins as the price of BTC rose from around $82,000 to $108,000 during the three months ended June 30. The company during the second quarter raised $6.8 billion in net proceeds through various capital … Read more

Michael Saylor’s (MSTR) Bitcoin Buys Aren’t Making up for Slowing Spot Demand

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins a new trading week, bitcoin is changing hands … Read more