A Bitcoin wallet dormant since 2011 transferred 35.55 BTC after being named in a New York lawsuit seeking ownership of allegedly abandoned wallets. Plaintiffs claim legal title to roughly 3.8 million BTC across 39,069 addresses using New York’s lost-property laws. The wallet’s activity prompted Galaxy Research’s Alex Thorn to argue the coins were not abandoned, […]
Michael Saylor has reignited speculation about another Bitcoin purchase after sharing a chart that investors often associate with upcoming Strategy acquisition announcements. The renewed attention comes shortly after Strategy disclosed its first Bitcoin sale since 2022 and temporarily paused further accumulation while repurchasing debt. CEO Phong Le reaffirmed that the company’s objective remains increasing both […]
A New York judge has paused a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets holding an estimated 3.8 million BTC. The plaintiffs are attempting to use New York’s lost-property laws to claim inactive wallets, a legal theory not previously applied to blockchain assets. Attorney Ian R. Cohen argues the law was designed for tangible […]
Bitcoin’s slide below Strategy’s average acquisition cost of US$75,699 pushed the firm’s 843,706-BTC position to an unrealised loss of roughly US$11.2 billion. Strategy’s preferred stock fell below its target value and MSTR shares slipped about 1.5% in pre-market trading, extending a weekly decline of around 14%. Executive chairman Michael Saylor framed the drawdown as a […]
Bitcoin fell to around US$61,300, triggering more than US$617 million in long liquidations out of over US$737 million in total positions wiped over 24 hours. The token rebounded about 5.5% to near US$64,700, a recovery that coincided with reports of an Israel–Lebanon ceasefire easing geopolitical risk. Some traders argued the leverage flush may have marked […]
Bitcoin fell to a multi-month low near US$65,000 (AU$100,750), down about 8% from Tuesday’s high, in one of the year’s largest liquidation events. More than US$1.8 billion (AU$2.79 billion) in leveraged positions were wiped out, including US$774 million (AU$1.2 billion) in Bitcoin long liquidations, CoinGlass data showed. Analysts disputed the cause, splitting between weakening Bitcoin […]
Bitcoin fell below US$67,000 (AU$93,800) on June 2 in its steepest one-day drop since February 5, pushing short-term holders to realise losses at their fastest pace since early February. On-chain data showed short-term holders sending 16,400 BTC to Binance at a loss and mid-sized investors moving 8,400 BTC onto the exchange, the heaviest inflows in […]
Standard Chartered analyst Geoffrey Kendrick argued that Strategy’s sale of 32 Bitcoin, disclosed June 1, may mark the start of a stretch of ETH outperforming BTC. Kendrick expects the ETH-BTC ratio to rise to 0.04 by the end of 2026 from about 0.028, implying Ethereum could outperform Bitcoin by more than 40% whether prices rise […]
Strategy, the company formerly known as MicroStrategy, sold 32 BTC for about US$2.5 million at an average of roughly US$77,135 between May 26 and 31, its first Bitcoin sale since December 2022. The timing upended a Polymarket market on whether Strategy would sell BTC by May 31; the trade cleared before the deadline yet was […]