Bitcoin would need to crash below $20K to seriously harm MicroStrategy's treasury
Description
The past 24 hours have been quiet for Bitcoin as whales are said to have re-entered a "wait-and-see" period. Well, that is apart from a Bitcoin price flash crash seen in South Korea following the president declaring martial law! While on Bitcoin, we'll look at recent research on MicroStrategy's financial situation and how its huge exposure to BTC is far more sensible than people might have you believe. Finally, we'll go through two stories pertaining to the SEC: the odds of Paul Atkins being the new chair spiking to 93% on Kalshi and Grayscale filing for a spot Solana ETF!
Further reading:
- Bitcoin whales employ ‘wait-and-see strategy’ as price hovers at $96K
- Crypto analyst says ‘flash crash likely’ as 24-hour liquidations hit $618M
- MicroStrategy can ignore Bitcoin bear market price crash to $20K — Research
- BTC/KRW pair dipped 30% as South Korea’s president declared martial law
- Crypto markets claw back as South Korea reverses martial law
- Kalshi gives Paul Atkins 93% odds to be Trump’s SEC Chair pick despite mixed reports
- Grayscale files with SEC for spot Solana ETF
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