Here’s how Michael Saylor’s Bitcoin treasury company Strategy Inc. is supposed to work: The firm raises funds to buy Bitcoin; that buying drives up the price of Bitcoin; the share price of Strategy ...
The decline was exacerbated by leveraged trading, which resulted in forced liquidations speeding up the selloff.
Two solo Bitcoin miners pulled off something rare this week, each mining a full block and earning about $300,000 worth of Bitcoin. BTC was trading close to $96,000 at the time, which pushed the dollar ...
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