Strategy says it can withstand a bitcoin price drop to $8,000 and still cover its roughly $6 billion in net debt.
Strategy says it can survive even if bitcoin drops to $8,000 and will ‘equitize’ debt
Strategy says it can withstand a bitcoin price drop to $8,000 and still cover its roughly $6 billion in net debt.
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Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium.
Satoshi's wallet, which made all its holdings from mining the network in its earliest days, has remained untouched since 2010, when it was run on a few laptops.
While the move helps avoid potential liquidity crises that could damage financial markets, it falls short of being as stimulative to risk assets as the Fed's other moves, such as
Crypto ETPs in Europe are plentiful, yet they haven't been adopted the way spot bitcoin ETFs in the U.S. have.