MicroStrategy’s stock has, as a result, become tethered to the price of bitcoin – resulting in a $1.2 billion loss on the bitcoin bet given this year’s plunge. But the shares surged 12% Friday as bitcoin jumped almost 10%. The stock fell about 1.5%, though, in after-hours trading following the announcement of the stock offering, which will dilute the value of existing shares.
ETF Exodus: Bitcoin Funds Bleed $400M—What’s Subsequent?
On Thursday, U.S. spot bitcoin and ethereum ETFs hit a snag, snapping a streak of inflows. Ethereum Funds Falter as...
