Latest news with #MichaelSaylor'sStrategy
Yahoo
13-06-2025
- Business
- Yahoo
Middle East chaos wipes out stocks, except one lone survivor
Middle East chaos wipes out stocks, except one lone survivor originally appeared on TheStreet. The Israel-Iran conflict shook the crypto market as its total market cap declined more than 5% to $3.26 trillion following the latest escalation in the Middle East. The stocks of most major crypto companies opened in the red zone as the market opened on June 13. Michael Saylor's Strategy (Nasdaq: MSTR), the world's largest public Bitcoin holder, was trading at $375 at press time, down 1.25%. Coinbase (Nasdaq: COIN), the largest U.S. crypto exchange which recently became the first crypto company to find a spot on the S&P 500, was trading at $239.89, down 0.49%. Robinhood (Nasdaq: HOOD), the crypto and stock trading exchange, fell 0.72% and was trading at $73.31 at press time. The story was no different for Bitcoin mining companies. MARA Holdings (MARA), earlier called Marathon Digital Holdings, was exchanging hands at $15.55, down 1.75%. Hut 8 Group (HUT) also fell 0.76% and was trading at $18.22 at press time. Riot Platforms (Nasdaq: RIOT) is another miner that reflected a downtick and was trading at $10.19, down 0.20%. CleanSpark (Nasdaq: CLSK) similarly witnessed a dip of 0.51% and was trading at $9.65. HIVE Digital (Nasdaq: HIVE), another prominent crypto miner, also slipped 0.7692% to $1.935. The miner Bitdeer (Nasdaq: BTDR) slipped 1.05% to $13.15. Stablecoin issuer Circle Internet Group (NYSE: CRCL), which made a spectacular public debut last week, was the sole lone warrior that could escape being swept away during the bloodbath. It rose 3.61% to trade at $110.45 at press time. As per Kraken, Bitcoin has fallen 1% in value since the attack and was trading at $105,071.30 at press time. Middle East chaos wipes out stocks, except one lone survivor first appeared on TheStreet on Jun 13, 2025 This story was originally reported by TheStreet on Jun 13, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Sweden's H100 Group Rallies Another 30% After Raising $10M for Bitcoin Treasury Strategy
Sweden-based H100 Group, a publicly-traded health and longevity company that recently adopted a bitcoin BTC strategy, said it has raised $10.5 million (SEK 101 million) from a group of crypto-focused investors including Blockstream CEO Adam Back, UTXO Management, and several family offices. According to a Wednesday press release, the fundraising was split between SEK 69.65 million in two share issues and SEK 31.35 million in convertible loans. The share issues saw participation from a mix of crypto investors and Nordic family offices. The convertible loans carry no interest and mature in five years. Investors can convert the loans into equity at SEK 1.75 per share. H100 shares advanced another 30% in the Wednesday session, and have now gained nearly 400% since the firm's first BTC purchase on May 22. This was the first tranche of a broader funding plan first announced earlier and could grow further in future rounds, the company said. H100's stated aim is to use the capital to bolster its BTC treasury strategy. H100 Group, led by CEO Sander Andersen, is part of a growing trend of public firms raising funds via share and debt issuances to buy cryptocurrencies to their balance sheets, a playbook popularized by Michael Saylor's Strategy (MSTR).
Yahoo
21-05-2025
- Business
- Yahoo
Sell in May? Bitcoin Tops $107K, Could Hit Record Highs This Summer Say Analysts
"Sell in May and go away," goes the Wall Street adage for equity markets every summer. For bitcoin BTC, though, some analysts say this season could mark a break from tradition. "As we get into the European summer months, the sense is it's more likely a case of 'buy in May and go away' than any significant headwinds or selling pressure," said Paul Howard, director at crypto trading firm Wincent in a market note. A confluence of positive regulatory developments around digital assets in the U.S. and increasing institutional buying both via exchange-traded funds and spot allocation is poised to push BTC higher in the next months, Howard said. U.S.-traded spot bitcoin ETFs, for example, pulled in $667 million in net inflows on Monday with BTC pausing just below its January record, underscoring persistent demand, he noted. The vehicles attracted $3.3 billion in May, per SoSoValue. On top of that, there's been a flurry of companies joining Michael Saylor's Strategy (MSTR) adding bitcoin to their treasury, financed by debt and stock issuances. "As we edge closer to a $4 trillion market cap for digital assets, we will see BTC cross all-time-highs in the coming weeks," Howard said. The total crypto market cap currently stands at around $3.3 trillion, per TradingView data. Historically, summer months have been slow for crypto assets, but macro and political forces are also converging in ways that could disrupt the typical seasonal lull, analysts at crypto analytics firm Kaiko pointed out. The Federal Reserve's next interest rate decision in June will precede Donald Trump's July 9 tariff deadline for trade partners, both of which could trigger market-wide volatility, the report said. Bitcoin options markets are already flashing signs of investor anticipation, Kaiko analysts said. Strike prices at $110,000 and $120,000 for the June 27 expiry have drawn heavy volume, suggesting bets on BTC making a record-breaking move, the report noted. Bitcoin briefly topped $107,000 during the Tuesday session, gaining 1.2% over the past 24 hours and trading just 2% below its January record high.
Yahoo
12-05-2025
- Business
- Yahoo
Metaplanet Overtakes El Salvador With $126M Bitcoin Purchase
Tokyo-listed investment firm Metaplanet has added another 1,241 bitcoin (BTC) to its treasury, spending 18.4 billion yen (or $126 million at currency exchange rates) in its latest purchase, per a Monday disclosure. The acquisition brings Metaplanet's total holdings to 6,796 BTC, worth over $706 million at current market prices. That has sent it above bitcoin-stacking nation El Salvador's stash of 6,174 BTC, data from the country's Bitcoin Office shows. The purchase was made at an average price of just over $102,119 per bitcoin, marking the firm's most aggressive buy yet since launching its Bitcoin Treasury Operations in April 2024. The firm said its BTC Yield, a proprietary performance indicator measuring bitcoin accumulation per share outstanding, stood at 38% for Q2 to date, after reaching 95.6% in Q1 2025 and 309.8% in Q4 2024. This metric, along with BTC Gain and BTC yen Gain, is used to evaluate shareholder value creation through non-dilutive bitcoin growth. Metaplanet aims to hit 10,000 BTC by the end of 2025, with its treasury strategy increasingly mirroring the high-conviction accumulation playbook pioneered by Michael Saylor's Strategy (MSTR), which holds over 555,000 BTC globally. Metaplanet remains the largest publicly traded bitcoin holder in Asia and ranks 11th globally, as of Monday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
