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The largest corporate holder of Bitcoin ( BTC ) is trying a new name as reports of a year of losses begin to surface. Yesterday afternoon, Michael Saylor’s MicroStrategy announced a rebrand to simply “Strategy”. According to the announcement, the new name and logo will focus on reaching a wider audience as the company hopes to have a wider appeal. Says Saylor of the new look BTC corporate whale, “Strategy is one of the most powerful and positive words in the human language. It also represents a simplification of our company name to its most important, strategic core. Antoine de Saint-Exupery said, ‘Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.’ After 35 years, our new brand perfectly represents our pursuit of perfection.” The announcement was made just before Strategy posted quarterly earnings. According to a Reuters report , those earnings showed a fourth consecutive quarter of losses, adding up to one full fiscal year. Per Reuters, Strategy lost over $1 billion last quarter alone. During that quarter, Strategy bought 218,887 BTC for $20.5 billion, the company’s largest purchase yet. Strategy is showing no signs of slowing down. Two weeks ago, shareholders voted to raise more funds to buy more BTC. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Art Furnace The post MicroStrategy Rebrands As the Corporate Bitcoin (BTC) Whale Posts Fourth Consecutive Quarterly Losses: Report appeared first on The Daily Hodl .
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Cboe BZX Exchange Files 19b-4 for Potential Spot XRP ETF Amid Increased Regulatory Interest
The recent surge in spot exchange-traded product (ETF) filings for XRP highlights a significant push towards mainstream cryptocurrency investment. With Cboe BZX Exchange’s submission of 19b-4s for XRP ETFs from The Daily Hodl
New Ethereum (ETH) Rival Berachain (BERA) Awakens Following Shock Binance Listing
A rival of top altcoin Ethereum ( ETH ) is seeing a rise in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by volume. In a new announcement, Binance says it will be adding support for Berachain ( BERA ), an Ethereum Virtual Machine (EVM)-identical layer-1 blockchain that uses a proof-of-liquidity (PoL) consensus mechanism. “Binance is excited to announce that Berachain will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures.” A PoL consensus mechanism rewards validators for providing liquidity to a blockchain’s ecosystem rather than a traditional proof-of-stake (PoS) system, which incentivizes staking tokens. As stated on Berachain’s official webpage, “Proof-of-Liquidity radically changes the way L1 economics are structured, prioritizing users and applications over validator rewards at baseline. Network incentives go towards enriching ecosystem liquidity, contributing to efficient trading, price stability, securing the chain, and increasing the network/user growth. PoL strongly align the incentives of network participants (validators, protocols, users) and contributes to the overall long-term health of the chain.” News of the addition sent BERA flying, as the digital asset went from a February 5th low of $7.85 to a peak of $14.83 a day later, a gain of 89%. BERA has since retraced and is trading for $9.22 at time of writing. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post New Ethereum (ETH) Rival Berachain (BERA) Awakens Following Shock Binance Listing appeared first on The Daily Hodl . The Daily Hodl
