Strategy Sold Over $100 Million in Bitcoin, Buys Back More STRC
Strategy has increased its US dollar reserve and expanded its preferred-stock repurchases. The otherwise Bitcoin-focused company is moving to strengthen its balance sheet. The firm added $250 million to its cash reserve, bringing the total to $4 billion. It also repurchased approximately $81 million worth of its Variable Rate...
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Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC
The company trimmed bitcoin holdings by 1,638 coins, while raising $290.6 million with sales of common stock....
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South Africa proposes reporting rules for cross border crypto transfers
South Africa has proposed new rules requiring cross-border crypto transfers to pass through authorized providers and be reported to the central bank, expanding the country’s effort to bring digital assets under its financial control framework. According to local media, South…...
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Strategy sells 1,638 Bitcoin for $105 million to fund dividends and share buybacks
The sale may signal a shift in corporate cryptocurrency strategies, potentially influencing market perceptions and future investment trends. The post Strategy sells 1,638 Bitcoin for $105 million to fund dividends and share buybacks appeared first on Crypto Briefing....
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BitGo launches Link for cross-exchange capital management
BitGo’s Link could streamline institutional crypto operations, enhancing efficiency and governance across fragmented trading platforms. The post BitGo launches Link for cross-exchange capital management appeared first on Crypto Briefing....
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US corporate profits hit near-record share of GDP as earnings surge beats expectations
High corporate profits may delay Fed rate cuts, impacting monetary policy and investment strategies amid strong economic growth signals. The post US corporate profits hit near-record share of GDP as earnings surge beats expectations appeared first on Crypto Briefing....
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US and Iran to hold indirect talks via mediators, nuclear issues deferred
The indirect talks may ease regional tensions and open pathways for future diplomatic resolutions, impacting geopolitical stability. The post US and Iran to hold indirect talks via mediators, nuclear issues deferred appeared first on Crypto Briefing....
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India’s new closing auction system sparks trader confusion and a Nifty 50 spike
The new auction system’s confusion highlights the challenges of aligning with global standards, impacting mutual funds and derivatives settlements. The post India’s new closing auction system sparks trader confusion and a Nifty 50 spike appeared first on Crypto Briefing....
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BitGo launches LINK for seamless asset management with exchanges
BitGo’s LINK enhances institutional crypto security and efficiency, mitigating counterparty risk and streamlining asset management. The post BitGo launches LINK for seamless asset management with exchanges appeared first on Crypto Briefing....
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