qfx Instead of paying their clerks in royal ringles, Capital B politely raised
capital through an At-the-Market flash deal with TOBAM, issuing 200,000 fresh
shares at a teeny €0.60 each. The proceeds? Wrapped in digital steel and
stored in a vault that’s really just a fancy hashtag on the blockchain.
According to the latest dissection by Axel Adler Jr., a man whose name sounds as if it were plucked from a 19th-century novel, the Short-Term Holder Spent Output Profit Ratio (STH SOPR)-a metric as unwieldy as it is revealing-has remained stubbornly below the neutral level of 1.0 for seven of the last eight days between March 2 and March 9. This, dear reader, is the numerical equivalent of a sigh, a collective admission of defeat by those who dared to dream of quick riches.
Notably, this is the biggest move Strategy has made since January, when it scooped up 22,305 BTC for a cool $2.13 billion, at a price of $95,284 per coin. While the size of the purchase is impressive, what’s truly remarkable is the price-one that is far below their average acquisition cost. A move that would make even the most seasoned investor squirm in discomfort. But Strategy has done just that, buying when Bitcoin was below its usual cost basis-something they had studiously avoided during the 2022-2023 slump. Back then, they only managed a few minor buys, totaling 28,560 BTC. I suppose one could say they were taking a “wait and see” approach-until now.
And what of the stablecoin U, this “United Stables” of the digital realm? It prances onto the stage once more, its hooves clattering against the marble floors of Binance Spot. New trading pairs shall be unveiled, like sacrificial offerings to the gods of volatility: BCH/U, NEAR/U, TRX/U, and the enigmatic NEAR/USD1. The Trading Bots, those tireless servants of the algorithm, shall bow in unison on the same sacred day.
After the weekend’s dramatic pullback, the Bitcoin market is doing the cha-cha-one step forward, two steps back. Darkfost, a wizard of the crypto world and a verified author at CryptoQuant, spilled the beans on the X platform: roughly one in two investors is now underwater. That’s right, folks! Their Unspent Transaction Outputs (UTXOs) are as red as a witch’s nose on a frosty morning.
Bitcoin could get a little ego boost if the U.S.-Iran conflict drags on, thanks to government spending, rising debt, and interest rates so low they’d make a limbo champion proud. That’s the thesis from macro strategist Mark Connors, who seems to have a fondness for chaos and digital coins.
Before this genteel courtship, Nasdaq hinted at its intentions to erect infrastructures where listed equities might pirouette as blockchain tokens. Naturally, the U.S. SEC has been invited to the ball, ensuring both the old guard and these sprightly new tokens dance to the same regulatory waltz.
This generous funding round was supported by a who’s‑who of crypto’s elite: Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Chapter One and the enigmatic Balaji Srinivasan, among other angel investors laudable for both insight and a fondness for the arcane.
Until very recently, tokens upon the Cardano network were mere native assets, endowed with speed and security, yet lamentably devoid of manners. A company issuing tokenized shares could not, with any authority, forbid their transfer to the suspicious or freeze them at the insistence of those officious regulators.
Now, their Ethereum stash totals a staggering 4,535,563 coins, worth a nifty $9 billion. But here’s the kicker: their average entry price per coin is still over $3,700, meaning they’re sitting on losses so vast, they could fund a small country’s infrastructure for a decade. A true patriot, that Tom Lee.