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Since stating just a few months ago that, if it found itself in financial difficulty, it would sell its bitcoin before offloading more shares, Michael Saylor ’s MicroStrategy has sold somewhere in the region of $339 million in shares and plans to sell up to $750 million more in the coming months, likely to buy bitcoin . Saylor made the promise in an interview with George Gammon at the end of last year, citing the responsibility it had to protect its investors. According to its Q1 earnings report, MicroStrategy was running short on cash with revenues dwindling. However, it claimed to have enough funds to survive for the next 12 months with $94 million in its war chest, $2.1 billion in debt, and 140,000 bitcoin. MicroStrategy hints at bitcoin bag dump while offloading shares Read more: Saylor bets the bitcoin bottom as MicroStrategy shorts subside At press time, the company now has 152,800 bitcoins acquired for a total of $4.53 billion , or $29,672 per bitcoin. These coins are ...

There’s no room for slacking when it comes to monetary policy tightening, Powell says, as Bitcoin takes a breather from yearly highs. Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation. BTC/USD 1-hour chart. Source: TradingView Powell on rate hikes: “More restriction coming” Data from Cointelegraph Markets Pro and TradingView showed BTC price action sticking to a narrow range at the Wall Street open. This accompanied fresh comments on economic policy from Fed Chair Jerome Powell. Speaking during a two-day discussion with other central bank heads at the European Central Bank Forum on Central Banking 2023 in Sintra, Portugal, Powell reiterated Fed consensus for further interest rate hikes this year. Having paused the hiking cycle, which began in late 2021, this month, Powell nonetheless stressed that there was still room for further policy tightening. “Really, policy hasn’t been restricted for very long,” ...