Bitcoin · Iran · Strategy · Federal Reserve (FED) · Kevin Warsh · Strait of Hormuz · Bitcoin Magazine
Strategy (MSTR) revealed a fresh 8-K Monday showing it picked up 1,587 BTC for roughly $100 million between June 8
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Shares gained more than 9% on the news, pushing intraday volume to 16.84 million shares.
Key facts
- Strive (ASST), the Bitcoin treasury company chaired by Vivek Ramaswamy, rose nearly 16% to $17.50, continuing a recovery from its three-month low of $9.00 in early April
- Strategy (MSTR) disclosed a fresh 8-K Monday showing it acquired 1,587 BTC for roughly $100 million between June 8 and June 14, funded through its at-the-market stock offering program, bringing total
- Bitcoin price traded near $67,000 up 4% in 24 hours, after Iran confirmed a memorandum of understanding reopening the Strait of Hormuz
- Bitcoin price surged to a two-week high near $67,000 as an Iran ceasefire eased macro fears and Strategy’s $100 million Bitcoin purchase fueled crypto-stock gains
Summary
Bitcoin price surged to a two-week high near $67,000 as an Iran ceasefire eased macro fears and Strategy’s $100 million Bitcoin purchase fueled crypto-stock gains. Bitcoin price climbed to a two-week high Monday as a U.S.-Iran ceasefire removed one of the market’s most persistent macro overhangs, sending crypto-linked equities surging ahead of what traders are framing as the week’s real test: Federal Reserve Chair Kevin Warsh’s first FOMC meeting. Bitcoin price traded near $67,000 up 4% in 24 hours, after Iran confirmed a memorandum of understanding reopening the Strait of Hormuz. But Nansen Research Analyst Nicolai Sondergaard urges caution about reading too much into the headline move. “The ceasefire news pushed Bitcoin to $66,000 on thin weekend liquidity, but traders who have been burned twice already this year are not fully redeploying yet,” he wrote to Bitcoin Magazine.