Business

Michael Saylor continues to strengthen his company’s presence in the Bitcoin market with a new strategic initiative: the company has announced the intention to issue 5 million shares of its Series A Perpetual Strife Preferred Stock. The proceeds will be allocated to general objectives, including the acquisition of Bitcoin (BTC). However, the operation will depend …

Yesterday, Bitfinex released its latest Alpha report dedicated to the recent retracement of the price of Bitcoin.  The report notes that the retracement was 29.7%, which is the second deepest correction of this bull cycle, and especially that institutional buyers have not yet returned with sufficient strength to counteract the selling pressure. This leads to …