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Some recipients reportedly sold the coins before the exchange's "internal control system and promptly restricted transactions."
Extreme capitulation metrics are now matching levels seen only at major cycle lows.
Strategy, MARA Holdings and Galaxy Digital are among crypto-related stocks posting double-digit percentage gains early Friday.
Strategy, MARA Holdings and Galaxy Digital are among crypto-related stocks posting double-digit percentage gains early Friday.
The company said it will focus on building data centers for high-performance computing and artificial-intelligence workloads.
The weaker results were tempered by continued progress in the bitcoin miner’s shift toward AI infrastructure.
The analysts argued that bitcoin-related volatility is no longer central to the investment case as IREN accelerates its shift toward AI.
Bitcoin Core maintainer Gloria Zhao has stepped down and revoked her PGP signing key after six years as one of the project’s most influential mempool and policy engineers.
Metaplanet, Asia's largest publicly traded holder of bitcoin, is currently deep in the red, with its average acquisition cost per bitcoin at roughly $107,000.
TD Cowen analysts said Strategy remains structurally positioned to endure a prolonged bitcoin downturn despite MSTR's pullback.
Thursday marked one of the worst days in crypto history, with majors plunging 15-20% before modest relief.
Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.
