Source: CryptoSlate ↗
How dumping 1,200 Bitcoin helped a cellular chipmaker completely erase its debt and double its cash
What the source reports
The chipmaker ended June with 314 unrestricted coins after sales helped erase convertible debt and lift cash to $21 million.The postHow dumping 1,200 Bitcoin helped a cellular chipmaker completely erase its debt and double its cashappeared first onCryptoSlate.
Read the original report on CryptoSlate ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Coldcard exploit could boost demand for regulated bitcoin exposure, analysts say
Cantor sees positive read-through for crypto custody providers, while FRNT says the breach could drive some investors toward bitcoin ETFs.
Crypto Long & Short: Putting the bitcoin sizing question to the test
In a follow-up to his essay on sizing crypto risk, Lionsoul Global's Gregory Mall backtests bitcoin in a 60/40 across bull, bear and sideways regimes, showing how a straight bitcoin position, a large-cap basket and a trend-managed sleeve part ways and why the way you hold bitcoin can matter as much as how much you hold.
Gold hits six-week highs on China demand as Bitcoin ignores fresh S&P 500 record
Gold and US stocks stole the limelight on Wednesday as Bitcoin failed to gain significantly beyond $64,000.