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Strategy

Robinhood, Strategy Shares Dip on S&P 500 Snub
Crypto Trends

Robinhood, Strategy Shares Dip on S&P 500 Snub

by admin August 26, 2025



Shares in trading platform Robinhood Markets and Bitcoin treasury firm Strategy fell in after-hours trading on Monday after missing out on being included in the S&P 500, amid a broader market dip.

S&P Dow Jones Indices said late Monday that brokerage Interactive Brokers Group would join the index tracking the 500 largest US companies at market open on Thursday and replace the pharmacy chain Walgreens Boots Alliance.

Wall Street has long been expecting Robinhood to join the S&P 500, and MicroStrategy, trading as Strategy, had recently become eligible for inclusion as its market cap has been boosted by the rising value of its Bitcoin (BTC) holdings.

Inclusion on the S&P 500 is typically seen as a boon for a company, as its shares would be scooped up by passive investors and other funds aiming to track the index.

Robinhood again snubbed from S&P 500

Shares in the crypto and stock trading platform Robinhood (HOOD) ended after-hours trading down 0.5% at $107.40 after closing trading on Monday at a 1.26% loss.

In comparison, Interactive Brokers (IBKR) saw a 3.9% lift in extended trading to $65.21 on the announcement of its inclusion after gaining less than 0.6% throughout the trading day, while the S&P 500 ended trading 0.4% down.

Source: Google Finance

Robinhood shares had also dropped in early June after S&P Dow Jones Indices announced there would be no changes to the S&P 500 in its quarterly rebalancing.

The company’s stock has, however, gained nearly 190% this year and has continued to break price records, seeing a lift from renewed retail investor enthusiasm.

Strategy also down on S&P miss and Bitcoin drop

Shares in the software firm Strategy (MSTR) also dropped on Monday, ending the day’s session down 4.17% and a further 0.6% in after-hours trading to $341.

Related: Bitcoin futures demand rises even as BTC sells off: What gives? 

The company’s stock fell alongside Bitcoin, which was down 2% in the past day after briefly slipping below $110,000.

S&P 500 inclusion is not just about stock price

A company’s inclusion on the S&P 500 is the decision of a committee who are guided by a range of criteria a company needs to meet before it is added.

A company needs to have a market capitalization of at least $22.7 billion, be based in the US and listed on the New York Stock Exchange, the Nasdaq or Cboe.

Its shares must also meet minimum requirements for market liquidity and volume.

Jack Dorsey’s financial services company, Block, Inc., was the latest crypto-tied company to make the index and joined the S&P 500 on July 23.

Magazine: Altcoin season 2025 is almost here… but the rules have changed



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August 26, 2025 0 comments
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Crypto Trends

Strategy Adds $357 Million in Bitcoin After Resuming Common Stock Offerings to Fund BTC Buys

by admin August 25, 2025



In brief

  • Strategy purchased roughly 3,000 Bitcoin worth $357 million.
  • The company issued common stock to fund the purchase.
  • The move conflicted with a newly adopted equity issuance policy.

Strategy, formerly MicroStrategy, purchased $357 million in Bitcoin last week, selling common stock to fund acquisitions for the first time in nearly a month, the company said in a press release.

The Tysons Corner, Virginia-based firm issued $310 million worth of Strategy shares to fund its latest purchase. The move represented a return to normal after the Bitcoin-buying firm made a series of adjustments to its corporate playbook.

Strategy signaled a week ago that it was modifying a newly adopted equity issuance policy, which restricted its ability to issue common shares when its stock traded at a certain valuation. Although the framework was intended to show “discipline,” Strategy gave itself some wiggle room by saying the framework would be set aside “when otherwise deemed advantageous.”

The company said it would no longer issue common stock when Strategy’s so-called mNAV was below 2.5x, or its shares traded at less than a 2.5x premium to its Bitcoin holdings. Analysts lauded the shift when it was announced less than a month ago alongside Strategy’s second-quarter earnings performance, marked by $10 billion in profit.



Strategy shares fell nearly 2.7% to $348 on Monday, according to Yahoo Finance. The stock has cooled significantly from a high of $457 last month, but shares are still up 20% year-to-date. The price of Bitcoin, meanwhile, fell to $112,580, down 1.6% over the past 24 hours, although BTC is up 20% year-to-date, according to crypto data provider CoinGecko.

When Strategy’s shares trade at a premium to its Bitcoin holdings, the company is able to grow the amount of Bitcoin it owns per share issuing common stock. This year, Strategy has introduced several types of preferred shares as a new source of funding.

Strategy’s most recent Bitcoin purchase, for example, was partly funded by its SRTK, STRF, and STRD offerings. Strategy most recently raised around $47 million by selling the preferred stocks, which carry various obligations and dividend payments.

Damped Spring Advisors CEO and CIO Andy Constan is among those that have compared Strategy to a Ponzi Scheme, arguing the firm will have to issue common stock to fund dividends that it’s obligated to routinely pay its preferred shareholders.

Decrypt reached out to Strategy for comment.

Under an at-the-money (ATM) offering program established in May, Strategy can issue another $16.7 billion in common stock to pad its stockpile. As of Monday, the Bitcoin-buying firm held roughly 632,500 Bitcoin worth $70.5 billion, according to Bitcoin Treasuries.

In some ways, Strategy’s about-face on equity issuance is advantageous, according to Steven Lubka, VP of investor relations at Bitcoin treasury firm Nakamoto. It makes the company’s next funding move all that much harder to see coming, he told Decrypt.

“It makes him harder to predict,” Lubka said, referring to Strategy co-founder and Executive Chairman Michael Saylor. “The end state of this is that now you really don’t know if he’s going to hit the ATM every week.”

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August 25, 2025 0 comments
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Helene Braun
GameFi Guides

B Strategy Aims to Be “Berkshire Hathaway” of BNB Ecosystem

by admin August 25, 2025



Digital asset investment firm B Strategy is launching a U.S.-listed company to serve as a BNB treasury and investment vehicle, according to a press release. The company is targeting a $1 billion raise and is being formed with strategic support from YZi Labs — the investment firm led by Binance co-founders Changpeng Zhao and Yi He.

The new company will be led by Max Hua, the former CFO of mining giant Bitmain, and co-founders of crypto asset manager Metalpha. Its goal is to offer institutional-grade exposure to BNB, the native token of the BNB Chain, by modeling the vehicle after a familiar playbook.

“The initiative intends to operate through a U.S.-listed vehicle not only to hold BNB as a treasury but also to become the ‘Berkshire Hathaway’ of the BNB ecosystem,” the release stated.

That ambition goes beyond asset holding. According to the statement, the firm will dedicate capital and resources to grow the BNB ecosystem by funding core technology, offering grants for experimental projects, and supporting community-led initiatives.

Max Hua said that the company would focus on transparency and governance.

“Drawing on my years working with the most prominent Bitcoin miners globally, I’ve seen the true scale of demands for industrial-grade governance, transparent reporting, and bank-level controls,” Hua said. “We’re bringing that operator’s discipline to the company: independently verified holdings, best-in-class custody, rigorous risk limits, and seamless cross-border processes so investors—from New York to Hong Kong—can access BNB with confidence and efficiency.”

The company adds to a growing list of vehicles attempting to bridge crypto-native tokens with traditional public markets. If successful, it could bring institutional and retail investors alike into the BNB ecosystem with the same ease and scrutiny as legacy financial assets.



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August 25, 2025 0 comments
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Former Switch console exclusive Triangle Strategy is now available on PS5 and Xbox
Game Reviews

Former Switch console exclusive Triangle Strategy is now available on PS5 and Xbox

by admin August 24, 2025


Square Enix has released its tactics RPG Triangle Strategy on PS5 and Xbox Series X/S, following its release in 2022 on Switch and PC.

The game was the second to be developed in the HD-2D style, after Octopath Traveler. It features isometric grid-based combat, a political narrative depicting three warring kingdoms, and tasks players with making moral choices to shape the story.

Triangle Strategy is available on PlayStation and Xbox with a limited-time discount of 30 percent until 3rd September.

TRIANGLE STRATEGY | PS5 and Xbox Series X|S Announce TrailerWatch on YouTube

A VR version of the game is also available for Meta Quest headsets.

Triangle Strategy helped to popularise the HD-2D graphical style, that’s been used in the Octopath Traveler games, the Dragon Quest 3 remake, and forthcoming Switch game The Adventures of Elliot.

This is a news-in-brief story. This is part of our vision to bring you all the big news as part of a daily live report.



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August 24, 2025 0 comments
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NFT Gaming

Coinbase, Strategy Lead Crypto Stock Rebound as Bitcoin and Ethereum Soar

by admin August 22, 2025



In brief

  • Shares of crypto companies rose in price alongside digital assets and major stock indices.
  • The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month.
  • Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge.

Crypto-focused company stocks rose Friday alongside digital coins following a more dovish-than-expected speech from Federal Reserve Chairman Jerome Powell. 

Nasdaq-listed Coinbase (COIN) spiked and was recently trading more than 6% higher on the day at $319. Meanwhile, Bitcoin treasury and software firm Strategy—MSTR—was up by nearly 65 to $354. Both had been trading down in recent days, but COIN is now in the green over the past week while MSTR remains slightly down during the span.

And Circle, which debuted on the New York Stock Exchange in May in a blockbuster IPO, jumped higher. The stablecoin giant was recently priced 6% higher over the past day, currently at $140, but had shown a 9% leap earlier in the morning.

Elsewhere, leading Bitcoin miners, CleanSpark (CLSK) and Riot Platforms (RIOT) rose by 5% and nearly 9% on the day, respectively, to nearly $10 and above $13.

Crypto treasuries like SharpLink and BitMine Immersion—which focus on buying and holding Ethereum, the second biggest digital coin—both jumped by more than 12%, hitting nearly $20 and $54.

Broadly, stocks are up on the day, with The Dow Jones Industrial Average climbing higher by 880 points, or nearly 2%, touching a new high. Meanwhile, the S&P 500 climbed 1.45%, and the Nasdaq rose by 1.6%.



The rise in equities comes as leading cryptocurrencies Bitcoin and Ethereum also jump. Bitcoin was recently priced at $116,318, up 3% in the hour after Jerome Powell spoke, CoinGecko data shows. Ethereum spiked higher by nearly 8% in one hour. The coin was recently trading for $4,740, about $130 away from its all-time high mark from 2021.

Over the past day, Bitcoin and Ethereum were up 3% and nearly 12%, respectively. 

An interest rate cut would likely help cryptocurrency and tech stocks. Both assets have typically done well in the past in a low interest rate environment, as traders are more drawn to risk assets.

U.S. President Donald Trump has been pressuring Powell to cut rates, frequently insulting the Fed chair on Truth Social and even threatening to fire or even sue him. 

The Fed started aggressively raising rates in 2022 in an attempt to control 40-year high inflation brought on by COVID-19. The central bank then started cutting borrowing costs again last year as the economy cooled.

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August 22, 2025 0 comments
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Margaux Nijkerk
NFT Gaming

U.S. GENIUS Law Jolts EU Into Rethinking Digital Euro Strategy: FT

by admin August 22, 2025



European Union policymakers are discussing ramping up efforts to introduce a digital euro as the U.S.’ new stablecoin law intensifies pressure on the bloc to keep up the pace in the fast-moving world of digital money, the Financial Times reported,

The U.S. Congress last month approved the GENIUS Act, a framework for the $288 billion stablecoin sector dominated by dollar-pegged tokens like Tether’s USDT and Circle Internet’s (CRCL) USDC. The move caught many in Europe off guard, according to people familiar with the talks, and sparked concerns that dollar-pegged tokens could tighten America’s grip on cross-border payments if the EU doesn’t accelerate its own plans.

In a notable shift, officials are now weighing whether to launch the central bank digital currency (CBDC) on public blockchains like Ethereum or Solana rather than the private infrastructure previously envisioned.

Until recently, the European Central Bank (ECB) had been leaning toward a private, centrally controlled system, citing privacy and security. But sources say the U.S. legislation has shifted the conversation, with some policymakers now open to decentralized networks that could help the euro circulate more freely and compete with dollar-based digital assets globally, according to the FT.

The ECB has been studying a digital euro for several years, pitching it as a public alternative to privately issued payment systems as cash use dwindles. Yet U.S. momentum is raising concerns that euro deposits could increasingly flow into dollar-denominated assets abroad.

With China piloting its digital yuan and the U.K. considering a digital pound, Europe faces mounting pressure to deliver. A handful of euro-backed stablecoins already exist, Circle’s EURC among them, but a central bank-issued token would carry far more weight.

The ECB confirmed to the Financial Times it is still evaluating both centralized and decentralized technologies, leaving open the possibility of a blockchain-powered euro as officials race to protect the single currency’s relevance in a digitizing world.

Read more: ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy



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August 22, 2025 0 comments
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Saylor's Strategy Does Not Aim To Influence Bitcoin's Price
Crypto Trends

Saylor’s Strategy Does Not Aim To Influence Bitcoin’s Price

by admin August 22, 2025



Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not try to influence the price of Bitcoin when it executes its buys, according to the executive who oversees the company’s massive BTC treasury.

“The way we buy Bitcoin is we do not move the price of the Bitcoin,” Strategy’s corporate treasurer and head of investor relations, Shirish Jajodia, told Natalie Brunell on the Coin Stories podcast on Wednesday.

Market participants often speculate that Strategy’s significant Bitcoin (BTC) acquisitions help push the price of Bitcoin, but Jajodia says the firm carefully structures its purchases to avoid impacting the market.

Strategy started accumulating Bitcoin in 2020 and, at the time of publication, holds 629,376 Bitcoin, worth approximately $70.85 billion, according to SaylorTracker.

Shirish Jajodia spoke to Natalie Brunell on the Coin Stories podcast this week. Source: Natalie Brunell

“We manage our buys in a way that we are kind of some proportion of the market liquidity,” he explained. “So we do not eat up into the price of Bitcoin,” he added. 

One way that companies manage significant transactions without affecting market prices is through Over-the-Counter (OTC) desks, which allow trades to take place privately rather than on public exchange order books. 

All eyes on Strategy’s Bitcoin buys

Jajodia may be telling the truth, as Cointelegraph found that Bitcoin has had mixed behavior around Strategy’s most significant purchases, with some instances where Bitcoin rose, and others where it fell after a Strategy buy.

On Nov. 25, the company said it had acquired approximately 55,000 Bitcoin for $5.4 billion between Nov. 18 and 24, at an average price of $97,862 per coin. 

Just a few weeks later, on Dec. 17, Bitcoin reached an all-time high above $106,000, amid a broader rally following Donald Trump’s US election victory, CoinMarketCap data shows.

In another case on July 29, Strategy bought 21,021 BTC for about $2.46 billion, yet within four days the price fell nearly 4%, sliding to $113,320 by Aug. 2.

Despite this, traders often still get excited when Saylor posts a Bitcoin price chart in the hopes the company will announce another large Bitcoin purchase.

Strategy is buying Bitcoin “around the clock,” Jajodia says

Jajodia said the firm adjusts the timing of its Bitcoin purchases depending on market conditions, but is active in the market most of the time. “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second we are in the market,” he said.

“If it is going down, we can take the opportunity to move faster,” he said.

Related: Strategy hits 4-month low as Saylor changes tack on MSTR issuance

Saylor has often suggested to his 4.5 million followers that he doesn’t care what price Bitcoin is; he is just accumulating to make his stack as large as possible.

On May 22, Saylor wrote in an X post, “I only buy Bitcoin with money I can’t afford to lose,” after Bitcoin fell from its previous high of $112,000. 

Similarly, in late 2024, Saylor pledged to keep buying BTC at peak prices no matter how high prices would go.

Magazine: Scottie Pippen says Michael Saylor warned him about Satoshi chatter



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August 22, 2025 0 comments
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Daedalic reveal story-driven Star Trek: Voyager strategy game in which you can betray everything Janeway ever stood for
Game Updates

Daedalic reveal story-driven Star Trek: Voyager strategy game in which you can betray everything Janeway ever stood for

by admin August 21, 2025



Oi oi, where my Janeway fans at? Where my Parisians and my Torresians? Can I get a whoop, whoop for Chakotay? A high five for Seven of Nine? Daedalic have announced Star Trek: Voyager – Across the Unknown, a “story-based survival strategy game” adaptation of the loneliest of the classic Treks. Created by developers gameXcite, who I may yet forgive for capitalising their name that way, it asks you to “manage systems and crew, engage in diplomacy, navigate difficult moral decisions, and face the unknown”. It’s got a cutaway dollhouse spaceship and a HUD made up to resemble a Star Trek bridge display. Also, Ensign Harry Kim is here! He wants orders. Kim, your orders are to roll that trailer.

Watch on YouTube


Here’s some blurb from the Steam page:


Set aboard the U.S.S. Voyager and deep in the unexplored reaches of the Delta Quadrant, Star Trek Voyager: Across the Unknown invites players to relive–and redefine–the legendary starship’s journey back to earth. The game blends exploration, ship & resource management, roguelite elements, and meaningful choices. Experience crew dynamics and a fresh take on a beloved sci-fi universe — with what-if scenarios that open up new possibilities.


If you’re like me, you are presently being torn in half by the contrast between your apathy for yet another set of “roguelike elements”, and your enthusiasm for the what-if scenarios. Maybe an episode where Janeway becomes the Borg Queen? Maybe the Doctor gets to be captain? Maybe Neelix undergoes some kind of Garrus-style reinvention as a badass with hairy ears? All that may have actually happened, I can’t remember. Some more from the Steam page:


Take a risky approach or play it safe. Be diplomatic or let phasers do the talking. Research technologies that were shunned by the crew. But: Be prepared to deal with the consequences of your actions! The game features rogue-like elements, so in each run you will encounter different situations and even iconic characters might meet an early end if you don’t react accordingly.


There’s a base-building component: you’ll add facilities to Voyager’s innards as you go, in the manner popularised by XCOM: Enemy Unknown. I’m less sold on the tiddly, top-down spaceship movement within solar systems, which recalls Mass Effect at its dinkiest and makes the Delta Quadrant seem as strange and enveloping as Center Parcs. But I do like the sound of the away missions, in which you get to handpick a team of named faces and redshirts.

“A team with skills that complement each other might be best suited for the task, but it is up to you to call the shots,” the developers comment. “Minimize the risk for the team’s members, rush headlong into danger, or take a scientific approach – you decide.” All this and, of course, ship-to-ship combat, in which you’ll assign crews to stations and target individual systems.


There’s no release date. In case it wasn’t obvious already, my excitement about this game is at least 80% nostalgia spike, with another 5% consisting of furtive teenage memories of certain saucy fan fiction websites. Finally, we can make Paris and Chakotay bone. The developers don’t have much form for space sims: going by their website, they have hitherto specialised exclusively in Asterix comic adaptations. I guess a starship is a kind of Gallic village? Let’s finish off by watching the original Voyager intro again.

Check out our Gamescom 2025 event hub for all the PC game announcements and preview coverage from Cologne.



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August 21, 2025 0 comments
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Tesla Competitor Launches Crypto Strategy
Crypto Trends

Tesla Competitor Launches Crypto Strategy

by admin August 19, 2025


  • A 98% plunge
  • Tesla’s Bitcoin holdings  

Faraday Future (NASDAQ: FFAI), a zombie EV company, recently unveiled its own cryptocurrency strategy, joining a broader craze.

The company has announced the C10 Index, which is a basket of cryptocurrencies weighted by market cap. Bitcoin makes up almost half of the index. Ethereum (ETH) has a 24% share.

The company has already purchased $30 million worth of crypto, and it plans to increase this sum to as much as $1 billion.

A 98% plunge

Faraday Future, which was founded back in 2014, emerged as an early Tesla competitor.

In 2016, it introduced its flashy Batman-like FFZERO1 concept car that allegedly showcased its technology.

However, the company has been grappling with production delays as well as limited vehicle deliveries.

In 2021, it received a Wells notice from the U.S. Securities and Exchange Commission (SEC) related to its SPAC merger.

The stock has plunged by roughly 98% from its peak, which is a typical SPAC boom-and-bust story.

Tesla’s Bitcoin holdings  

In the meantime, Tesla remains the 11th largest Bitcoin treasury company with total holdings of 11,509 coins.

The company initially purchased $1.5 billion worth of BTC in February 2012, propelling the cryptocurrency’s bull run.



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August 19, 2025 0 comments
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Michael Saylor’s Strategy loosens stock sale limits to sustain Bitcoin strategy
Crypto Trends

Michael Saylor’s Strategy loosens stock issuance limits

by admin August 19, 2025



Michael Saylor’s Strategy Inc. is adjusting its financing playbook, easing restrictions on stock sales just weeks after pledging tighter rules.

Summary

  • Strategy Inc. eased its self-imposed limit on stock issuance, allowing sales even when its shares trade below the 2.5x Bitcoin holdings threshold.
  • The company added 430 BTC last week, bringing total holdings to 629,376 BTC with more than $26 billion in unrealized gains.
  • Despite strong Bitcoin reserves, Strategy’s stock is down 22% since November, raising concerns over dilution and demand for its preferred equity program.

According to an Aug. 18 report by Bloomberg, the change gives the Bitcoin-heavy company greater flexibility to raise funds as its share premium over Bitcoin (BTC) holdings narrows.

Strategy’s stock issuance rules shift

Previously, the company had promised not to issue new shares if its stock traded at less than 2.5 times the value of its Bitcoin holdings, a buffer Saylor termed the “mNAV premium.” That limit was intended to reassure investors concerned about dilution. Exceptions were only allowed to cover debt interest or preferred equity dividends.

Under the updated policy, Strategy will permit stock issuance below the 2.5x threshold “when otherwise deemed advantageous to the company.” Analysts like Brian Dobson of Clear Street said the additional language allows Saylor to be more opportunistic in financing Bitcoin purchases.

The shift comes as demand for the firm’s preferred stock program, a novel perpetual equity product Saylor unveiled in July, faces uncertainty. Investor appetite has been tested by falling premiums on Strategy’s shares and increasing competition from Bitcoin ETFs and other crypto-treasury firms.

Slower purchases, strong holdings

Strategy’s pace of Bitcoin accumulation has moderated. The company disclosed on Aug. 18 that it bought 430 Bitcoin for $51.4 million in the prior week, following a 155 BTC purchase the week before. In total, Strategy now holds 629,376 BTC, acquired at an average price of $73,320. With Bitcoin trading near all-time highs around $119,666, the firm sits on more than $26 billion in unrealized gains.

Despite these gains, Strategy’s stock has fallen 22% since reaching a record in November, lagging Bitcoin’s 23% rally over the same period. Short sellers like Jim Chanos have questioned whether the firm’s four series of preferred stock offerings can offset reduced at-the-market equity sales.

The latest revision shows how quickly Saylor’s bold financing strategy is being tested. While easing restrictions may reassure the company’s ability to keep building its Bitcoin reserves, it also highlights investor concerns about dilution and long-term sustainability.



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August 19, 2025 0 comments
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