At the $73K level, new investors sold 16% of their coins. A similar situation occurred before the 2020-2021 rally, during which the realized capitalization of cohorts holding coins for up to three months increased to 74%.
#BTC weekly
updated probabilities on the descending broadening wedge, needs to bounce here or red odds increase
MicroStrategy reports second-quarter loss; Bitcoin holdings rise to 226,500
MicroStrategy (MSTR) reported a second-quarter net loss of $102.6 million ($5.74 per share), compared to earnings of $22.2 million or $1.52 per share ONE earlier.
The loss came as the company took a $180.1 million impairment charge on its Bitcoin assets, compared to $24.1 million in the second quarter a year ago.
Led by executive chairman Michael Saylor, the company disclosed on July 31 the existence of 226,500 Bitcoin tokens , a few tokens more than the last acquisition announcement in mid-June. These 226,500 Bitcoins were purchased for $8.3 billion, or a price of $36,821 per token. At the current price of $63,500, these assets are worth about $14.4 billion.
"On the adoption side, we are extremely optimistic about the improved understanding of Bitcoin and the growing support for the ecosystem from bipartisan policymakers and institutions presented at the Bitcoin 2024 conference in Nashville," CEO Fong Le said in the earnings release .
The impairment amount reflects the loss or gain of a company's Bitcoin assets compared to the price at which they were acquired. While new accounting guidelines allow companies to label their digital assets for sale, companies are not yet required to do so.
According to FactSet, the company recorded revenue of $111.4 million, compared to analysts' forecasts of $122 million, when reviewing operations.
Shares fell 6.5% in the regular trading session ahead of Thursday's report, along with sharp declines in both the stock and Crypto Markets. MSTR has more than tripled over the past year as the price of Bitcoin has more than doubled over the same period.
In July, the Nasdaq-listed software company announced a 10-to-1 stock split to make its shares more accessible to investors and employees. The split became effective at the close of trading today.
🔴🇻🇪🇺🇲 The United States recognizes the opposition candidate, Edmundo González, as the winner of the Venezuelan elections.
US Secretary of State Blinken says that "it is clear to the United States that Edmundo González Urrutia obtained the majority of votes in Venezuela's presidential election."
8/1 Bitcoin ETF Net Flow:$ 50.4 million
BlackRock $IBIT: $ 25.7 m
Grayscale $GBTC: $ -71.3 m
*New Grayscale mini $BTC: $ 191.1 m
Fidelity $FBTC: $ -48.8 m
Bitwise $BITB: $ -20.7 m
Ark $ARKB: $ -22.4 m
Invesco $BTCO: $ 0 m
Franklin $EZBC: $ 0 m
Valkyrie $BRRR: $ 0 m
VanEck $HODL: $ -3.6 m
WisdomTree $BTCW: $ 0 m
8/1 Ethereum ETF Net Flow:$ 26.2 m
BlackRock $ETHA: $ 89.1 m
Grayscale $ETHE: $ -78 m
Grayscale $ETH: $ 0 m
Fidelity $FETH: $ 11.7 m
Bitwise $ETHW: $ 3.4 m
21Shares $CETH: $ 0 m
Invesco $QETH: $ 0 m
Franklin $EZET: $ 0 m
VanEck $ETHV: $ 0 m
July U.S. Spot Bitcoin ETF Monthly Net Inflow: $+3,2 billion, 51k Bitcoin
- Price up to $64,600 from $62,600
- @BlackRock adds 35,999 Bitcoin, $2.3 billion inflow and owns 342,978 Bitcoin
- 2nd @Fidelity with $785 m inflow
- 3rd @ARKInvest with $182 m inflow
- 4th @vaneck_us with $81 m inflow
- 5th @BitwiseInvest with $69 m inflow
- $GBTC with $-427 m outflow
🚨Grayscale Buys 1850 Bitcoin
Mini Trust is working! 🚀
Fear & Greed Index - Aug 02, 2024:
Today: 57 (Greed)
Yesterday: 52 (Neutral)
Avg. 1W: 65 🤑
Avg. 2W: 68 🤑
Avg. 1M: 53 😁
Avg. 2M: 57 😁
Avg. 3M: 61 🤑
Avg. 6M: 68 🤑
Avg. 1Y: 63 🤑
🔸 #Bitcoin
Price: $65,357
24h Low: $62,304
24h High: $65,454
MC Change: $14.9B (1.2%)
Dominance: 52.8%
24h: 1.2%
7d: -0.6%
14d: 2.2%
30d: 5.4%
60d: -3.8%
200d: 54.6%
1y: 123.8%
Unrelated to Bitcoin but crazy timeline we're living in where we don't have healthcare, but we get to see whatever this is lmao 🍿
https://video.nostr.build/a5c20ca89aa063598dc755ce2c79c3c35677db7d8c53293fb205fba266ad4d00.mp4
NEW: MicroStrategy announces that they expect their Bitcoin holdings per share to grow between 4% and 8% annually over the next three years 👀
MicroStrategy Buy 170BTC today.
And I would be looking for an investment round to buy $2,000M in Bitcoin in the next few days.
Jack Dorsey's Block sees BTC revenue grow 9% to $2.6 billion
Block's Bitcoin revenue surpassed $2.61 billion during the second quarter of 2024, contributing to a total net income of $6.16 billion for the period
The war has begun.
🆘Israel claims Hezbollah has launched more than 50 rockets into northern Israel
https://video.nostr.build/c9ff26dd4acc7d8600f183301e9972ebc369820be4670ce6710bfa2d6639701a.mp4
🚨 Bitcoin is still in free fall, but Blackrock takes advantage of the decline.
🔒 Holding Bitcoin has been profitable for more than 98% of Bitcoin's existence.
HODL! 🔝
Bitcoin has formed a bearish channel.
If it continues to be respected we could see BTC at 54k 😱
Would you buy at 54k?
A bitcoiner inscribed the phrase "Down with Chains" from the Venezuelan national anthem on the Bitcoin network, along with an image of a protester tearing down a statue of Hugo Chávez. This action, carried out during a political crisis in Venezuela, was registered as Ordinal 73,621,145.
