1h ago
Strategy Stock Trades Below $60.4B Bitcoin Holdings as Market Cap Falls to $50.7B
Strategy (MSTR) holds Bitcoin valued at approximately $60.4 billion as of December 3, while its market capitalization stands at $50.7 billion. The discount means investors can acquire the company's cryptocurrency holdings below market value, with its software operations effectively priced at a negative figure. After adjusting for $8.2 billion in debt, net Bitcoin holdings remain valued at roughly $48.6 billion, according to financial commentary platform The Kobeissi Letter.
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1h ago
Bitcoin Surges Past $93,000 as Federal Reserve Ends Quantitative Tightening
Bitcoin climbed nearly 7% in a single trading session, pushing its market capitalization above $1.86 trillion. The rally followed the Federal Reserve's decision to end its quantitative tightening program, which had removed approximately $2.4 trillion from the financial system since mid-2022. Major institutions including Vanguard and Bank of America have introduced crypto-friendly policies, with Vanguard announcing on December 2 it will permit trading of crypto-focused ETFs across Bitcoin, Ethereum, XRP, and Solana.
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