Strategy Buys $82M Bitcoin, Buys Back $188M STRC
A Bitcoin treasury firm executed a significant series of trades, acquiring $82 million worth of Bitcoin while simultaneously repurchasing $188 million in STRC.
Change over 24 hours. Prices from CoinGecko.
A Bitcoin treasury firm executed a significant series of trades, acquiring $82 million worth of Bitcoin while simultaneously repurchasing $188 million in STRC.
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Millions in leveraged bullish positions were wiped out by recent price swings.
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With more than $1 billion in liquidations triggered by Thursday's downturn, Bitcoin found its footing, recovering to approximately $75,200.
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With US stocks experiencing a rapid sell-off, Bitcoin experienced a sharp decline at the opening of Wall Street trading, pushing the cryptocurrency to a seven-week low, representing a 6% drop.
A Wednesday rally in Bitcoin vanished as forced liquidations wiped out $428 million in crypto long positions, accompanied by a nearly 5% drop in the cryptocurrency's price.