
Peter Schiff Predicts Strategy (MSTR) Bankruptcy if This Happens
Economist Peter Schiff has expressed concerns over Strategy’s financial health, citing risks of bankruptcy due to its leveraged Bitcoin strategy.
Economist Peter Schiff has expressed concerns over Strategy’s financial health, citing risks of bankruptcy due to its leveraged Bitcoin strategy.
Metaplanet to conduct a 10 for 1 stock split by March 31 to offer high value to shareholders.
MicroStrategy (MSTR) 250-day put-call skew for MSTR shifted from -20% to zero in the last three weeks, signaling waning bullish sentiment.
Bitcoin-focused investment firm Metaplanet began trading its shares on the US OTCQX market under the ticker MTPLF.
In the last three days, Bitcoin miners have moved a total of 45,000 BTC to exchanges, with significant transfers, with the sell off putting some selling pressure on BTC price.
Following Donald Trump’s decisive election, crypto mining stocks like Marathon Digital, Riot Blockchain, and Hut 8 Corp experienced pre-market rallies.
Coinbase executives, including CEO Brian Armstrong, have approved trading plans to sell 5 million COIN shares, valued at roughly $900 million.
Coinbase dominance in the North American crypto market has significantly dropped as Crypto.com continues to gain more ground.
The notable success rate for MicroStrategy through its Bitcoin strategy has attracted more global companies seeking to follow the same route.
The latest purchase brings Ark’s total holdings in Coinbase to approximately $67 million, representing 7.43% of the fund’s value.
With over 10% gains in September 2024 so far, Bitcoin price has beaten the average 5.6% returns in September over the past decade. Global rate cuts to will benefit Bitcoin amid huge liquidity pump.
The market correlation between US stocks and crypto has grown in the past few weeks and is now topping 0.67.
Throughout this year, the performance of Coinbase stock has been a really turbulent one.
Only a few days ago, the firm sold part of its shares in Coinbase.
With Bitcoin price taking a dive under $50,000 earlier today, there’s going to be a similar reaction in MSTR price moving forward.
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