Search results for Delphi Digital
Crypto
Strategy bitcoin sale rattles market as \'never sell\' narrative breaks
Strategy’s sale of 32 bitcoin has shaken the market premise that corporate bitcoin treasury strategies mean never selling. Cointelegraph said it was the company’s first disclosed cash-out aside from a 2022 tax-related transaction. While the amount was small relative to its holdings, investors revisited assumptions and MSTR shares fell sharply. Separately, JPMorgan CEO Jamie Dimon opposed the latest Clarity Act revision, and France’s Capital B sought approval for large fundraising plans for future bitcoin purchases.
Crypto
Strategy sells 32 bitcoins, ending \'infinite accumulation\' narrative
Michael Saylor, co-founder and chairman of Strategy, published an essay calling for “disciplined expansion” of bitcoin. The comments come as large amounts of money exit spot bitcoin exchange-traded funds and Strategy itself sells 32 bitcoins, shaking market confidence. In the essay, Saylor said the bitcoin base layer should be treated as sacred infrastructure and innovation should occur through higher layers and financial systems. Analysts cited liquidation and weakening derivatives indicators.
Crypto
Bitcoin optimism holds despite slide as 3 bullish signals draw attention
Bitcoin fell below $77,000 and extended a four-session losing streak, but market indicators are sending mixed signals. Santiment tracked a rise in pessimistic mentions, which it viewed as a contrarian positive. The number of wallets holding at least 100 bitcoin rose to 20,229, up 11.2 percent from a year ago. Delphi Digital said the BTC-gold ratio recovered 46 percent from its February low to near 17.6.
