Strategy’s ability to fund a large bitcoin purchase appears limited after a weak performance for the price of its common and preferred shares.
Michael Saylor signals another bitcoin buy as BTC price slumps to $78,000
Strategy’s ability to fund a large bitcoin purchase appears limited after a weak performance for the price of its common and preferred shares.
Shares:
Bitcoin and major altcoins bounced Sunday after an oversold RSI reading and more than $200M in liquidations signaled seller exhaustion amid thin weekend liquidity.
Attackers exploited Odin’s liquidity pool by depositing a worthless token like SATOSHI alongside BTC, setting an inflated price ratio in the thin market.
Stock of the little-known DigiAsia, a Singapore-based firm focused on the Southeast Asian market, surged more than 90% on news that it may build a bitcoin treasury reserve.
The firm, despite its ambitious plans to accumulate BTC, saw its shares plunge more than 12% in Friday's trading session.