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Bitcoin Falls Below $80K, And Michael Saylor Takes A Rain Check On Buying

Bitcoinist LogoBitcoinist6d ago

Bitcoin Falls Below $80K, And Michael Saylor Takes A Rain Check On Buying - Bitcoinist

Quick Summary:

The corporate world’s biggest Bitcoin holder has stopped buying more of the cryptocurrency as prices fell sharply last week.

According to recent filings, Strategy reported a massive $5.91 billion unrealized loss for the first quarter of 2025, though this blow was softened by a $1.69 billion tax benefit.

This break from buying comes after a period of price swings in the cryptocurrency market.

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Bitcoin Falls Below $80K, And Michael Saylor Takes A Rain Check On Buying - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 05:00:30 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27748614

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin Falls Below $80K, And Michael Saylor Takes A Rain Check On Buying" has 406 words across 33 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bitcoin Falls Below $80K, And Michael Saylor Takes A Rain Check On Buying" was covered 6 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 12 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27748614
  • URL: https://chronographically.beamstart.com/news/bitcoin-falls-below-80k-and-17441762861090

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