Thursday, March 28, 2024
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Michael Saylor’s MicroStrategy Would Need to Liquidate Bitcoin (BTC) During Extreme Price Corrections: Bernstein

MicroStrategy holds around 152,000 bitcoin, with a total cost basis of about $4.5 billion, and an average price of roughly $29,600, the note said. The market value of MicroStrategy’s cryptocurrency assets form about 0.78% of the total bitcoin in supply and account for around 20% of daily average BTC trading

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Silvergate to Shut Down & Liquidate Operations Following Several Market Constraints

Crypto-friendly bank Silvergate has announced plans to shut down in an orderly manner and fully repay all deposits.  Silvergate Capital has decided to shut down operations and liquidate its bank following effects of problematic market conditions. On Wednesday, the crypto-focused bank made the grim announcement, which also saw its stock plummet over

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Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank

The parent company of Silvergate Bank, known to many in the space as one of the major crypto banks, has announced plans to “wind down operations” and liquidate the bank.In a March 8 announcement, Silvergate Capital Corporation said the decision to shutter operations was “in light of recent industry and

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