Strategy, Inc., the largest corporate holder of Bitcoin (BTC), has sold 3,588 bitcoin for $216mn to fund dividends on its Digital Credit preferred stock, a sharp escalation of its shift from pure accumulation toward active capital management.
Strategy, Inc., the largest corporate holder of Bitcoin (BTC), has sold 3,588 bitcoin for $216mn to fund dividends on its Digital Credit preferred stock, a sharp escalation of its shift from pure accumulation toward active capital management.
Circle, the issuer of USDC, has struck deals days apart with Bank of New York Mellon (BNY) and Standard Chartered to give institutional clients bank-routed access to mint, redeem and custody the dollar-pegged stablecoin.
The American Reserves Modernization Act (ARMA) is a proposed piece of legislation in the United States aimed at updating how reserves are defined, managed, and reported within the financial system. It focuses on modernizing reserve frameworks to reflect changes in financial markets and digital assets.
"I bought my first Bitcoin in 2014 and, by the way, I haven’t sold any since then. I’m a believer in all crypto."
A weaker-than-expected US jobs report initially pushed Bitcoin up more than 5% on 2 Jul as investors bet the Federal Reserve will keep interest rates unchanged in the near term, with softer hiring suggesting policymakers may need to support a slowing economy rather than focus solely on fighting inflation.