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What if bitcoin prices fall to $8,000? Michael Saylor says Strategy still won't sell.
MarketWatch· 2026-02-10 15:50
Strategy Executive Chair Michael Saylor attempted on Tuesday to dismiss "unfounded†fears that the recent tumble in bitcoin prices would force the company to pare back its holdings, but he did acknowl... ...
Michael Saylor downplays Strategy credit risk as bitcoin tumbles: 'We'll refinance the debt'
CNBC· 2026-02-10 14:36
Strategy CEO Michael Saylor brushed off concerns about the company's credit risk if bitcoin continues to tumble. In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. "If bitcoin falls 90% for the next four years, we'll refinance the debt," the executive said Tuesday on CNBC's "Squawk Box." "We'll just roll it forward."Asked whether he believed banks would continue to lend to the digital asset treasury firm if bitcoin collapses, Saylor said, "Yeah, because the ...
‘Weakest bitcoin bear case in history’: Bernstein reiterates $150,000 price target for 2026
Yahoo Finance· 2026-02-09 11:02
Bitcoin Analysts at research and brokerage firm Bernstein reiterated their bullish long-term outlook for bitcoin BTC, arguing that the current drawdown represents the weakest bear case the asset has faced to date and does not undermine its broader adoption or investment thesis. "What we are experiencing is the weakest bitcoin bear case in its history," the analysts led by Gautam Chhugani wrote in a note to clients on Monday. They argue that the recent price weakness reflects a crisis of confidence rather ...
Can Crypto Be Converted Using 351 Exchanges? It’s Complicated
Yahoo Finance· 2026-02-09 05:02
Apparently, even cypherpunks hate paying taxes. So-called 351 exchanges are all the rage with wealthy investors who want to transfer assets between holdings in their portfolios without triggering capital gains taxes. They also let investors with heavily concentrated stock positions convert them into a diversified exchange-traded fund. But what about cryptocurrencies, like bitcoin? Some experts are working on new strategies that, one day, may allow digital assets to be converted into indexed products witho ...
After bitcoin’s fall, pity those wildly enthusiastic investors who borrowed billions against crypto
Yahoo Finance· 2026-02-07 19:30
Group 1: Crypto-Backed Loans - Coinbase offers crypto-backed loans allowing customers to borrow USDC stablecoin using crypto as collateral, with borrowing limits of up to $5 million for bitcoin and $1 million for Ethereum [1] - Other platforms like Binance, Ledn, and Strike also provide similar services but impose loan-to-value (LTV) ratio limits between 50% to 75% to mitigate risks [1] Group 2: Bitcoin Market Dynamics - Bitcoin has experienced significant price volatility, recently hovering around $70,000 after peaking at over $126,000 last October, leading to speculation about its future price trajectory [2] - The cryptocurrency market is characterized by high volatility, and many investors are advised to hold their positions despite market downturns [3] Group 3: Crypto Collateralized Lending Growth - The crypto-collateralized lending market reached a record $73.6 billion, with nearly $41 billion in outstanding loans on DeFi platforms by the end of Q3, marking a 55% increase from the previous quarter [5] - Enness Global highlights the ease of borrowing against crypto without selling it, with examples of high-net-worth individuals securing loans using bitcoin as collateral [6] Group 4: Economic Context and Investor Sentiment - Speculation about bitcoin reaching $200,000 by 2025 is now viewed as unrealistic, as the cryptocurrency is not a reliable hedge against economic challenges [4] - The current market conditions are described as a "crypto winter," with predictions of prolonged downturns similar to past market cycles [10][11]
Stock market today: Dow closes above 50,000 for the first time as stocks soar to cap volatile week
Yahoo Finance· 2026-02-06 19:24
US stocks rebounded on Friday from a weeklong tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging by about 2.5%, or more than 1,200 points, to climb ahead of the 50,000 level for the first time. The S&P 500 (^GSPC) rose 2% in its best session since May of last year. The Nasdaq Composite (^IXIC) added about 2.1%, as the indexes bounced back from Thursday's sharp closi ...
IREN's Q2 Loss Wider Than Expected, Revenues Decline Q/Q
ZACKS· 2026-02-06 19:16
Key Takeaways IREN came with Q2 FY26 loss of 44 cents per share as revenues slid 23.1% sequentially and missed estimates.Bitcoin revenues fell 28.2% Q/Q, while AI cloud services revenues jumped 137% from the prior quarter.Results were hit by unrealized losses and debt conversion expense, partly offset by tax benefits.IREN Limited’s (IREN) second-quarter fiscal 2026 loss of 44 cents per share came in wider than the Zacks Consensus Estimate pegged at a loss of 9 cents per share. The company reported earnings ...
Your bitcoin investment may have been based on an illusion
Yahoo Finance· 2026-02-06 18:31
Bitcoin was down 27% for 2026 through Feb. 5. - MarketWatch photo illustration/iStockphoto Bitcoin was taking a breather from its recent brutal decline on Friday, with the pioneering virtual currency’s price up 11% to $70,647, according to data provided by CoinDesk. Through Thursday, bitcoin BTCUSD was down 27% for 2026 as it headed toward its worst one-week decline since 2022. It had declined 44% since Sept. 30. Most Read from MarketWatch Despite the recent plunge, bitcoin still holds remarkable valu ...
As bitcoin crashes, pity those wildly enthusiastic investors who borrowed billions against crypto
MarketWatch· 2026-02-06 10:30
The speculation that bitcoin would hit $200,000 in 2025 now seems like a dream. Because it was. ...
Strategy to initiate a bitcoin security program addressing quantum uncertainty
Yahoo Finance· 2026-02-06 10:21
Quantum computing is moving from theory to long term strategic consideration, and Strategy (MSTR) has made it clear it intends to be proactive rather than reactive during the company's Q4 earnings call on Thursday. Strategy, the largest corporate holder of bitcoin, plans to initiate a bitcoin security program to coordinate with the global cyber, crypto, and bitcoin security community. The company addressed growing discussion around quantum risk and reaffirmed its commitment to bitcoin security, framing ...