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More →Strategy CFO Andrew Kang resigns as company posts record operating profit
Strategy CFO Andrew Kang resigns as company posts record operating profit
Live updates: Binance finds more breaches in $6.3 billion hack; AI spending fears hit tech
Live updates: Binance finds more breaches in $6.3 billion hack; AI spending fears hit tech
Binance hacker dumps a little-known 2017 token and it crashes 90%
Binance hacker dumps a little-known 2017 token and it crashes 90%
Binance hack bites India's largest crypto exchange as it curbs futures trading
Binance hack bites India's largest crypto exchange as it curbs futures trading
Institutional crypto investors rush to pull funds from exchanges after Binance hack
Institutional crypto investors rush to pull funds from exchanges after Binance hack
Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths
Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths
Binance hack drained wallets backing customer assets, reserve data shows
Binance hack drained wallets backing customer assets, reserve data shows
Binance loses over $6 billion in 'biggest crypto hack in history'
Binance loses over $6 billion in 'biggest crypto hack in history'
Polymarket suspends trading after third-party breach leads to user losses
Polymarket suspends trading after third-party breach leads to user losses
Michael Saylor: Treasury companies buying Bitcoin create a supply shock
According to a CoinWorld report, Strategy's Michael Saylor said that treasury companies have purchased 1.6 times the amount of Bitcoin produced by mining, creating a supply shock. He noted that as the treasury industry grows, demand for Bitcoin is also increasing, driving prices higher, improving credit and equity, and enabling them to raise more funds and buy more Bitcoin. He emphasized that treasury companies are not competitors but collaborators, and that everyone is developing together in a virtuous cycle.