David Klasing, a California tax attorney, remembers meeting a client whose early cryptocurrency holdings had grown to $700 million in eight years, and after never reporting a dime of it, they were losing sleep over the prospect of being jailed for tax evasion. Klasing says he recommended the client complete a voluntary disclosure, a penalty-reduction […]
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Michael Saylor, executive chairman of Strategy (MSTR), said the largest publicly traded holder of bitcoin BTC$78,748.36 raised the yield on its preferred stock, Stretch ( STRC ), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-term, high-return savings account. The increase is the sixth since STRC was first traded
Strategy (MSTR) lifts STRC dividend as shares fall below par Read More »
BitMine Immersion’s aggressive ether accumulation has backfired after the recent leg lower in crypto markets, leaving the company with more than $6 billion in paper losses on its ETH holdings. The publicly traded company added over 40,000 ether last week, bringing its total balance to around 4.24 million ETH, according to portfolio tracking data from
Tom Lee’s BitMine is now down $6 billion on Ethereum (ether) bets Read More »
One trader lost more than $220 million on an ether position as a new wave of forced liquidations swept through the crypto markets, pushing total losses over the past 24 hours to nearly $2.6 billion. The largest single liquidation occurred on decentralized derivatives exchange Hyperliquid, where an ETH-USD position worth $222.65 million was wiped out,
A trader just lost $220 million as ETH dropped 10% Read More »
Bitcoin slid sharply on Saturday, falling below $80,000 for the first time since April 2025, as sustained selling pressure and a lack of new capital weighed on crypto markets. The world’s largest cryptocurrency fell as much as 10% to $75,709.88 during New York afternoon trading on Saturday, extending a rally that has now wiped more
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Bitcoin fell below $78,000 on Saturday, extending price weakness into the weekend as traders remained defensive amid geopolitical headlines, political uncertainty in the US and continued turmoil across crypto markets. The world’s largest cryptocurrency fell more than 7% over the past 24 hours, trading around $77,000 per share. CoinDesk data. Trading volume fell into the
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Bitcoin’s drop below $84,200 has sparked an outbreak of panic on social media, with research firm Santiment saying negative comments have jumped to the highest level in 2026 so far. The move pushed BTC sentiment to its lowest level since November 21 and turned sentiment from cautious to outright fear, a shift that tends to
Fear hits a high in 2026 as traders panic at $81,000 level Read More »
Bitcoin’s market capitalization is now about $1.57 trillion, making it the 13th-largest asset by this metric, behind Saudi Aramco and Tesla stock. The move came after the price fell sharply from around $90,000 to $78,500, a loss of more than 11% over the past 7-day period. The latest price drop comes amid geopolitical tensions, a
Bitcoin’s plunge to around $75,500 briefly pushed the price just below Strategy’s ( MSTR ) average buy price of around $76,037 per share. coin. That may sound alarming at first glance, and technically puts Michael Saylor’s company underwater on its bitcoin holdings, but it doesn’t fundamentally change the company’s financial position. There is no balance
Bitcoin mining activity has taken its biggest hit since late 2021 after a severe winter storm in the US forced several major mining companies to curtail operations, triggering a sharp drop in network hashrate, production and revenue. Bitcoin’s overall network hash rate has fallen around 12% since November 11, marking the biggest drop since October
BTC hashrate drops 12% in worst decline since China’s mining ban Read More »
