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#TradingStrategyMistakes Aย growing number of publicly traded companiesย are stockpilingย digitalย assets in their corporate treasuriesโa sign of growing interest inย cryptoย as prices soar.ย But as more firms imitate software firm Strategyโs token-HODLing playbook, things have become weird.ย Several publicly traded companies with unorthodox operating businesses are beginning to addย Bitcoinย and other virtual currencies to their balance sheets. Noodle giants, love hotel operators, and telemedicine cannabis prescribers are among the mix.ย What's inspired them to embrace Bitcoin and other cryptocurrencies?
#MyStrategyEvolution Aย growing number of publicly traded companiesย are stockpilingย digitalย assets in their corporate treasuriesโa sign of growing interest inย cryptoย as prices soar.ย But as more firms imitate software firm Strategyโs token-HODLing playbook, things have become weird.ย Several publicly traded companies with unorthodox operating businesses are beginning to addย Bitcoinย and other virtual currencies to their balance sheets. Noodle giants, love hotel operators, and telemedicine cannabis prescribers are among the mix.ย What's inspired them to embrace Bitcoin and other cryptocurrencies?
#MemecoinSentiment Aย growing number of publicly traded companiesย are stockpilingย digitalย assets in their corporate treasuriesโa sign of growing interest inย cryptoย as prices soar.ย But as more firms imitate software firm Strategyโs token-HODLing playbook, things have become weird.ย Several publicly traded companies with unorthodox operating businesses are beginning to addย Bitcoinย and other virtual currencies to their balance sheets. Noodle giants, love hotel operators, and telemedicine cannabis prescribers are among the mix.ย What's inspired them to embrace Bitcoin and other cryptocurrencies?
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The leadingย cryptocurrencyย Bitcoinย (BTC) reached the $112,000 mark with a new record following May. This new record also increases the expectation of a rise in Bitcoin, with Milk Road co-founder Kyle Reidhead predicting that Bitcoin could reach $150,000.
What's the Next Target for Bitcoin?
At this point, Kyle Reidhead, in an X post, stated that there is a โbullish cup and handleโ formation in Bitcoin that he thinks will push the price up, and said, โSee you at $150,000.โ The cup and handle formation, which the analyst predicts will carry BTC to $150,000, is interpreted as a signal of an uptrend, which will pause for consolidation and sideways movement, then continue to rise. Analyst CryptoBusy also noted aย bullish flag formationย on Bitcoin's 4-hour chart, stating that a close above $112,000 could lead to a rise reaching $120,000 in the short term. Cryptocurrency analyst Matthew Hyland also stated that Bitcoin could continue its rise, saying that from a technical perspective, Bitcoin has broken out of its recent downtrend.
โBitcoin confirms its daily rally and confirms the end of the downtrend that began in late May. โThe bulls are in controlโ
eToro analyst Josh Gilbert also spoke after the rally, noting that the recent rally was institutionally driven, saying, โThis is the first trueย bullย market where institutional participation is at the forefront. Strong ETF inflows and a solid macroeconomic backdrop have helped fuel market momentum, but perhaps the most important change is who is buying.โ Coinstash co-founder Mena Theodorou offered a similar view to Josh Gilbert, saying, โIt's clear this rally is driven by institutions, not retail investors.โ *This is not investment advice.
#ArbitrageTradingStrategy Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370ย bitcoin
BTC$111,068.14
as part of a newly launched bitcoin treasury strategy. The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
๏ฟผ
โWe are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks,โ said Georges Karam,ย CEOย of Sequans. โThis initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.โ
#ArbitrageTradingStrategy Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370ย bitcoin
BTC$111,068.14
as part of a newly launched bitcoin treasury strategy. The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
๏ฟผ
โWe are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks,โ said Georges Karam,ย CEOย of Sequans. โThis initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.โ
$BTC Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370ย bitcoin
BTC$111,068.14
as part of a newly launched bitcoin treasury strategy. The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
๏ฟผ
โWe are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks,โ said Georges Karam,ย CEOย of Sequans. โThis initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.โ
#BTCBreaksATH Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370ย bitcoin
BTC$111,068.14
as part of a newly launched bitcoin treasury strategy. The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
๏ฟผ
โWe are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks,โ said Georges Karam,ย CEOย of Sequans. โThis initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.โ
$SOL The price ofย Bitcoinย hit a new all-time high price on Wednesday according toย cryptoย exchangeย Coinbase, which shows a new peak of about $112,055 as of about 3:55pm ET. Coinbase's previous high mark was $111,891, set in May. The price of Bitcoin surged rapidly Wednesday afternoon in the minutes leading up to the new mark.
$BNB The price ofย Bitcoinย hit a new all-time high price on Wednesday according toย cryptoย exchangeย Coinbase, which shows a new peak of about $112,055 as of about 3:55pm ET. Coinbase's previous high mark was $111,891, set in May. The price of Bitcoin surged rapidly Wednesday afternoon in the minutes leading up to the new mark.
$BNB The price ofย Bitcoinย hit a new all-time high price on Wednesday according toย cryptoย exchangeย Coinbase, which shows a new peak of about $112,055 as of about 3:55pm ET. Coinbase's previous high mark was $111,891, set in May. The price of Bitcoin surged rapidly Wednesday afternoon in the minutes leading up to the new mark.
#TrendTradingStrategy The price ofย Bitcoinย hit a new all-time high price on Wednesday according toย cryptoย exchangeย Coinbase, which shows a new peak of about $112,055 as of about 3:55pm ET. Coinbase's previous high mark was $111,891, set in May. The price of Bitcoin surged rapidly Wednesday afternoon in the minutes leading up to the new mark.