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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.
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.
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...
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.
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.
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 Daily Open: Chips are down — but not for the Dow
Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. Wall Street had a strong session overnight — if you squint past the Nasdaq.