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Crypto
Strategy investors should watch \'amplification\' not just bitcoin holdings
Investors assessing Strategy’s investment risk should look not only at bitcoin prices or the premium to net asset value but also at an \'amplification\' metric that reflects its capital structure, a report said. The metric compares the size of debt-like capital, including total debt and preferred shares, with the scale of bitcoin holdings. Higher amplification makes common shares more sensitive to bitcoin moves and raises overall risk, with amplification currently near 33 percent.
Crypto
Strategy buys 13,927 more bitcoin for $1 billion
Strategy bought an additional 13,927 bitcoin for about $1 billion from April 6 to 12, the outlet said. The average purchase price was $71,902 per bitcoin, according to The Block Crypto, citing a filing. Holdings rose to 780,897 bitcoin. Chairman Michael Saylor said the average cost per bitcoin was $75,577 and cumulative purchases total about $59 billion, with current holdings valued at about $55.4 billion.
Crypto
Crypto unicorns see market value plunge after listing, some down as much as 99%
Major crypto projects valued at more than $1 billion in private investment rounds have seen their market capitalisation plunge after listing, with some down more than 99 percent, an analysis showed. Data cited by BeInCrypto showed 10 projects now have market caps of $7 million to $294 million, down 88 percent to more than 99 percent from their last venture valuations. Scroll recorded the biggest fall, while Starknet saw the largest loss by value.