Bitcoin dips below $79,000
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The main impact of the price decline is slowing Strategy's ability to buy more bitcoin without diluting shareholders, as its stock now trades at a discount to its bitcoin holdings.
American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump celebrated on Tuesday the company’s sprint in Bitcoin (CRYPTO: BTC) accumulation since its Wall Street debut last year. ‘Building America's Bitcoin Infrastructure’ In an X post,
MSTR stock is expected to decline amid bearish trend identified in the technical chart as its Bitcoin strategy is criticised by Peter Schiff
Strategy’s ability to fund a large bitcoin purchase appears limited after a weak performance for the price of its common and preferred shares.
With a market capitalization nearing $46 billion, MSTR shares are trading below the overall value of its Bitcoin holdings, presenting investors an opportunity to acquire it at a discount to Net Asset Value (NAV).
The Chosun Ilbo on MSN
Bitcoin drop hurts treasury stocks, strategy chief eyes more buys
As the prices of virtual currencies, including Bitcoin, have recently plummeted, the stock prices of treasury companies that base their finances on Bitcoin and others have also shown a downward trend.
4don MSN
Is Bitcoin a Buy Right Now?
Bitcoin is the world's largest cryptocurrency by market cap.
Raised $225M, paid off 92% of Semler debt, bought 334 BTC. Now holds 13,132 Bitcoin worth $1.17B. Shares fell 2.23% to $0.80.
Shares of Strategy ($MSTR) dropped as low as 12% today, currently trading at $140.88 and hitting a session low of $140.25.
Metaplanet stock price slid 7% after the Bitcoin treasury firm reported a major impairment loss tied to BTC volatility, despite calling it a non-cash hit.
The Chosun Ilbo on MSN
Bitcoin plunge shakes treasury firms, pro-crypto Fed hopes
Bitcoin and other virtual currency prices have recently plummeted, leading to a simultaneous decline in the stock prices of treasury companies that rely on Bitcoin as a financial base. However, some observers suggest that the newly nominated U.
American Bitcoin, a Trump-family-backed miner, has grown its bitcoin holdings to about 5,843 BTC, making it one of the largest corporate holders.