China News Daily Official TheBitTimes.com

Strategy, the world’s largest bitcoin (BTC) treasury company, is adding coins at its slowest rate in five years. So far this quarter, the firm has added just 388 coins to the 640,031 it held at the end of Q3 — growth of just 0.1%. In previous quarters, Strategy has grown its treasury by high single and even high double-digit percentages. Indeed, in Q4 2024, its BTC holdings growth hit a multi-year high of 77%. Unfortunately, the price of Strategy’s MSTR common stock has also declined 10% this quarter alongside its dwindling purchases of BTC. In 2020, Michael Saylor’s 1990s enterprise software company pivoted into leveraged BTC purchases and, from a small base, the company had amassed 70,470 BTC by the end of that year. Growth in its BTC treasury continued at robust, double and high single-digital percentages throughout 2021, slowed in 2022, and then picked up again in 2023 and 2024.  By Q4 of 2024, as the price of BTC was rallying amid Donald Trump’s succe...

Fed rate hike concerns triggered a $320 billion equity market selloff on October 13, with the S&P 500 falling 0.74%, the Dow dropping 0.52%, and also the Nasdaq declining 0.91%. Bitcoin ETF momentum has cooled significantly right now as investors reassess crypto positions amid tightening monetary policy and rising institutional caution. Major stock indices performance chart showing decline across Nasdaq, S&P 500, and Dow Industrials – Source: FactSet Fed Rate Hike: Markets Slide After Fed Rate Hike as Bitcoin ETF Momentum Slows Fed Rate Hike Bitcoin ETF – Source: Watcher.Guru The Fed rate hike environment has actually intensified crypto volatility and dampened institutional demand for digital assets. All three major indices were trading lower as of 4 p.m. ET on October 13, with widespread selling pressure affecting both traditional equities and cryptocurrency-linked products at the time of writing. The selloff in the equity market indicates increasing worry over th...