Bears on MicroStrategy’s high stock price compared to the amount of its bitcoin holdings are overlooking the company’s “unique” shareholder value, investment banking firm Benchmark said in a research report on Friday.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin ETFs have purchased around 48 days of the mined bitcoin supply in the past four trading days.
Historical data suggests when the bitcoin circulating supply in profit is over 94% we tend to see a sell-off due to profit-taking.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The money raised will be used to advance adoption and development of Blockstream's layer 2 technologies, to grow the company's mining operations, and expand its bitcoin treasury.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
In 2013, Howells accidentally threw out the hard drive his bitcoin stash that he had mined in 2009, worth around $1 million at the time but which now would be worth over $520 million.
As liquidity grows, institutional investors and options strategies could fuel the long-term expansion of the bitcoin ETF market.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.