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Michael Saylor’s Bitcoin Machine Is Misfiring on Every Cylinder

Michael Saylor, co-founder and executive chairman of Strategy Inc., speaks during the Bitcoin 2026 conference in Las Vegas, Nevada, US, on Tuesday, April 28, 2026. The event will examine the future of money as Bitcoin enters a new era of institutional adoption and regulatory clarity.

Bloomberg Markets 6d ago

Crypto mutiny on Strategy: Shorts target 'MSTR' in bitcoin bloodbath

Options traders are storming into bets against crypto's most vocal evangelist Michael Saylor. Call it mutiny on Strategy. Flows around Saylor's Strategy (MSTR) and the company's variable-rate preferred stock STRC are turning bearish this week after traders had been more balanced in the preceding month despite a steady decline in bitcoin that began in mid-May.

CNBC 5d ago

Strategy Resumes Buying Bitcoin After Rare Sale Roils Crypto

Michael Saylor, co-founder and executive chairman of Strategy Inc., speaks during the Bitcoin 2026 conference in Las Vegas, Nevada, US, on Tuesday, April 28, 2026. The event will examine the future of money as Bitcoin enters a new era of institutional adoption and regulatory clarity.

Bloomberg Markets 2d ago

Strategy shares fall after selling $2.5 million in bitcoin, its first sale since 2022

Michael Saylor's Strategy sold bitcoin last week for the second time ever as geopolitical uncertainty continues to weigh on the bitcoin price and crypto market broadly. Between May 26 and May 31, Strategy sold 32 coins for $2.5 million, and at an average of $77,135 per coin, according to a Monday filing. The company also sold 801,994 shares of common stock, raising $128.3 million, in the same period.

CNBC 9d ago

Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week

Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week June 4 : Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of the year despite a "painful" week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has tumbled more than 15 per cent since Monday, when Michael Saylor's Strategy, the largest corporate...

Channel News Asia 6d ago

Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates

Bitcoin is getting pummeled to kick off June as the market loses its dominant narrative and liquidity continues to rotate into other assets. The combination has left the flagship cryptocurrency vulnerable to further downside pressure as investors scale back risk and capital shifts toward markets with more momentum or more obvious near-term catalysts, like the chip rally or the SpaceX IPO. Bitcoin is down 13% this week and heading for its worst week since February, according to Coin Metrics.

CNBC 6d ago

The SpaceX IPO Will Be the Theft of the Century

The SpaceX IPO Will Be the Theft of the Century An S-1 full of fantasies, insiders who will pocket millions, index companies that have changed the rules: it's all a recipe for regular people to have their pockets picked. As the SpaceX IPO approaches, a few observations and predictions: I. As a Business, SpaceX Will Be a Spectacular Failure In a real sense, the entire SpaceX value proposition rests upon the Starship project. And when I say “Starship,” I mean a Starship version that is far...

Hacker News 6d ago

Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs

Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency. Its price has tumbled around 15 per cent this week, the most since November 2022, when trading platform FTX imploded. At around $63,000, bitcoin has lost a third in...

Channel News Asia 5d ago

Bitcoin's brutal sell-off sparks a flurry of trading in related stocks, including one big bullish bet

Bitcoin is back above the $60,000 mark after falling below that key level for the first time since October 2024 on Friday. The world's largest cryptocurrency has lost about 27% of its value in 2026, and it's now about 50% off its all-time high. Despite the carnage, traders aren't backing away from this space.

CNBC 1d ago