Strategy raised $1.44B to dispel ‘FUD’ amid a Bitcoin down cycle: CEO
Strategy CEO Phong Le said his firm raised 21 months of dividend runway in just eight days to head off investor unease. Strategy CEO Phong Le said part of the reason for establishing a $1.44 billion USD reserve was to alleviate investor concerns over the company’s health amid a Bitcoin slump. “We’re very much are
Bitcoin ends October in red, but now enters its biggest month for gains
Bitcoin has stepped into its historically most significant month for gains — November — with an average increase of 42.51% since 2013 — meaning Bitcoin could surpass $160,000 this month if history rhymes. However, a crypto analyst noted that several macroeconomic factors are also at play. “I do think seasonal charts matter a lot, but
Steak ‘n Shake Bitcoin reserve: Happy meal for hodlers or nothingburger?
American fast-food chain Steak ‘n Shake has announced the formation of a new Bitcoin treasury, built with the Bitcoin made from its restaurants’ sales. “All payments received in Bitcoin will be placed in our [strategic Bitcoin reserve],” said Steak ‘n Shake in a post on X on Friday, which garnered strong support from the Bitcoin
Musk unveils X Chat, a messenger with encryption ‘similar to Bitcoin’
Tech entrepreneur and billionaire Elon Musk is set to launch a standalone messaging app called “X Chat” to compete with Telegram and WhatsApp, with a rollout expected within the next few months. “On X, we just rebuilt the entire messaging stack into what’s called ‘X Chat,’” said Musk during The Joe Rogan Experience podcast, which