After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States.
Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
The relatively good times could continue next month, one prediction says after July manages to reverse the worst of the 2022 crypto downturn.
BTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap.
BTC bears aim for a $360 million profit in July 29’s $1.76 billion monthly options expiry, but the FOMC interest rate decision could play a decisive factor.
The Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational.