Bitcoin24h $94,822.47+1.51%

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BNB24h $602.35+0.02%

Solana24h $151.55-0.33%

Dogecoin24h $0.1874+3.54%

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TRON24h $0.2434-0.22%

Sui24h $3.64+7.69%

Chainlink24h $15.11+0.73%

Adding bitcoin to balance sheets doesn’t always mean big wins

Adding bitcoin to a company’s balance sheet has been a terrific decision for the few winners and a terrible decision for others.

Why have MicroStrategy insiders been dumping MSTR?

As MicroStrategy continues to dilute common shareholders to add bitcoin to its balance sheet, insiders continue to sell into their bids.

After Trump’s election, bitcoin jumped from $68,000 to $108,000 but has now fallen back by 17% to today’s price of $89,800.

Traders were spooked on Wednesday when it was reported that the US government could be set to sell 69,370 Silk Road bitcoins.

Heka Funds is one of the largest USDT arbitrage funds. We asked its manager to comment on Tether as well as MicroStrategy and BTC.