Shares of Strategy (MSTR), Alibaba Group Holding Ltd. (BABA), and Nike Inc. (NKE) slumped to fresh lows last week amid a series of negative catalysts.MSTR stock slumped more than 3.5% at close on Friday as a sharp decline in Bitcoin prices extended a selloff in the company’s shares. BABA stock clos…
About 60% of World Cup bettors on Polymarket are first-time crypto usersAbout 60% of users who placed their first World Cup bets on Polymarket had never interacted with blockchain protocols before, suggesting prediction markets are becoming an entry point into crypto. The finding is based on a 90-d…
MicroStrategy’s $64 billion Bitcoin BITSTAMP:BTCUSD bet has become a stress test for everyone who funded it. BTC now trades below $60,000, and the renamed company, Strategy, sits at a discount to its own holdings.The question dividing investors is no longer whether Strategy gets liquidated tomorrow…
Michael Saylor, Strategy's co-founder and executive chairman, posted the company's bitcoin acquisition tracker chart to X on Sunday morning with the caption "We're gonna need more charts." It is his customary signal that the largest corporate bitcoin holder may disclose a fresh purchase in the week…
Strategy (MSTR) saw its market value slip below the worth of its Bitcoin (BTC) holdings for the first time ever, a milestone analysts said breaks the premium that powered its Bitcoin-buying model.On-chain analyst Axel Adler Jr. noted the change in his latest “Weekly Engine” note, which put the comp…
Peter Schiff warned that a MicroStrategy collapse would damage Bitcoin far more than the FTX fallout.The veteran gold advocate argued that Michael Saylor could end up remembered as a bigger villain than Sam Bankman-Fried. Schiff framed Strategy as a far more consequential test case than FTX.Strateg…
Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion in Bitcoin to cover most of the company’s cash obligations for the next two years.In a Saturday X post, Pandl argued that the move may restore market confidence in the company's capital structure.Contrar…
Peter Schiff said Strategy Inc Class A (MSTR) faces a ‘death spiral’: Stretch 11.5% dividend may be unsustainable, possible share sales to buy Bitcoin, bankruptcy and lawsuits risk
Peter Schiff took his criticism of Michael Saylor’s Strategy (MSTR) to the next level on his podcast, saying the Bitcoin (BTC) treasury business had entered a “death spiral” that will result in bankruptcy and a flood of investor lawsuits soon.The lifelong gold bull and Bitcoin skeptic claimed that…
Strategy briefly lost the premium that investors assigned to its bitcoin holdings on Friday, with its enterprise mNAV, a metric comparing the company's overall market value with the value of its BTC, slipping below parity.It happened as Strategy's common shares (MSTR) fell to a recent low of $82.16…
Ripple CEO Brad Garlinghouse didn't pull any punches on Friday in an interview with CNBC when he denounced Strategy and its Chairman Michael Saylor's approach to funding bitcoin purchases."Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be d…