Tom Lee’s BitMine is performing as bad as Strategy
Shares of the world’s largest publicly traded ETH treasury company, BitMine Immersion Technologies, have crashed by over 80% since June 3.
Aaron Wise
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Cardano crisis: senior dev quits after Hoskinson calls in the feds
Roman Kireev resigned after Cardano founder Charles Hoskinson “supported criminal charges against the DAO hacker” and an FBI investigation.
The US is likely losing money on its Digital Asset Stockpile
The US Digital Asset Stockpile contains crypto assets that have been crashing in price since the fund came into existence on April 5.
— Michael Saylor, MicroStrategy
Jim Chanos missed out on extra 85% annualized from MSTR short
Jim Chanos profited by shorting the premium of MSTR to its BTC, but he missed out on the final, exceptionally profitable leg of that trade.
Norway’s sovereign wealth fund has lost over $200M in MSTR
The central bank of Norway has paid the price for investing in Michael Saylor’s BTC treasury company, Strategy.
Is XRP overvalued? Critics flag $149 in daily network revenue
Despite $127B in market cap, XRP burned as fees to transact on the blockchain rarely exceed a couple of thousand dollars a day.
Bitcoin treasury Nakamoto down 98% — still pays David Bailey lavishly
Nakamoto originally promised a 10x EBITDA multiple when it would acquire David Bailey’s private business, BTC Inc.
95% of all bitcoin is now mined and circulating
The significant moment came when Antpool mined block 923,999, earning Bitcoin’s coinbase reward containing the 19,950,000th BTC.
— Michael Saylor, MicroStrategy
Michael Saylor’s wealth sheds $4B as MSTR and BTC slide
Based on Michael Saylor’s most recently disclosed MSTR and BTC holdings, his personal losses likely exceed $4B in the past six months.
— Michael Saylor, MicroStrategy
Traders earned 10x on fake news that Strategy sold bitcoin
Strategy investors panicked into trades after fake news about the company selling BTC earned millions of social media impressions.