NYSEARCA:BTC - American Stock Exchange - US3899302075 - ETF - Currency: USD
Leading cryptocurrencies lifted on Wednesday, defying the stock market's decline as the Federal Reserve snapped its interest rate-cutting streak.
Mizuho analyst Dan Dolev underscored that MicroStrategy’s Bitcoin buying strategy, coupled with the potential for the cryptocurrency to appreciate in price, lends the MSTR stock price a premium.
Leading cryptocurrencies shed early gains on Tuesday, while stocks recovered well following Monday’s DeepSeek scare.
MicroStrategy’s total Bitcoin holdings now stand at 471,107, worth $47 billion, based on the current BTC price of $99,610. It has paid $30.1 billion in aggregate for its BTC purchases.
The cryptocurrency market’s total capitalization fell by nearly 8% despite President Donald Trump's announcement on Friday to establish a crypto policy group within six months to advance the industry.
MicroStrategy’s Bitcoin-focused strategy faces scrutiny as a report suggests potential federal taxes on unrealized crypto gains under new rules starting in 2026.
Bank of Japan (BOJ) lifted the benchmark borrowing cost to the highest in 17 years while raising inflation forecasts.
The dip occurred as other crypto-linked stocks were gaining after President Donald Trump’s executive order to create a cryptocurrency working group tasked with proposing new regulations as well as the possibility of a “national digital asset stockpile.”
According to a CNBC report, CEO Ted Pick told Andrew Ross Sorkin at the World Economic Forum that the equation concerns whether the bank, as a highly regulated financial institution, can act as a transactor.
CEO Brian Moynihan responded to CNBC’s Andrew Ross Sorkin about how the banking industry’s approach to crypto could change under the new administration.
President Donald Trump was expected to mention Bitcoin during his inauguration speech on Monday. However, that did not come to fruition, leading to Bitcoin price tumbling from its fresh all-time high.