Trump Media’s recently announced $400-million buyback plan will not alter its strategy of using $2.3 billion to invest in Bitcoin, according to the company.
Bitcoin bulls proved they are ready to buy dips to $100,000 and below. Which altcoins will follow?
Roughly 240 companies now hold Bitcoin in their treasuries, nearly doubling from 124 just weeks ago. Combined, they control around 4% of the total BTC supply.
Bitcoin price strength gradually returns after multiweek lows as risk assets show overwhelming confidence that a long war in the Middle East will not happen.
As Michael Saylor’s Strategy and other whales keep buying Bitcoin, the stage may be set for a historic supply shock.
Panther Metals is planning a $5.4 million Bitcoin treasury and will use it as collateral to buy a mineral mining deposit in Canada and other commodities in the future.
FTX lawyers argued that creditors should not serve as a “backstop” for Three Arrows Capital’s risky leveraged strategy.
Grant Cardone’s real estate investment firm has bought 1,000 Bitcoin as part of its new treasury strategy combining real estate and crypto.
Strategy chair Michael Saylor cryptically hinted at another Bitcoin buy as the company faces a lawsuit over its $5.9 billion loss on Bitcoin in Q1.
Bitcoin has lost more than 8% over the past week as geopolitical tensions and military action between Israel and Iran ramped up.