The post Strategy Adds 430 Bitcoin As BTC Hits $124K Ahead Of Dip appeared on BitcoinEthereumNews.com. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price swung to new all-time highs before retreating last week. Strategy acquired 430 Bitcoin (BTC) for $51.4 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. The new Bitcoin batch cost the company an average price of $119,666 per coin, reflecting the massive volatility last week, with BTC trading at about $120,000 on Monday and slipping to as low as $115,000 on Sunday, according to CoinGecko. An excerpt from Strategy’s Form 8-K. Source: SEC The acquisition moved Strategy’s Bitcoin holdings to 629,376 BTC, purchased for about $46.15 billion at an average price of $73,320 per coin. “Volatility is a gift to the faithful” As Bitcoin saw high volatility last week, surging above $124,000 on Wednesday only to retreat to $115,000 by the end of the week, Strategy’s co-founder Saylor took to X to comment on the volatile prices. “Volatility is a gift to the faithful,” he wrote on Thursday amid the BTC price tumbling below $118,000 the next day after reaching new all-time highs. Bitcoin (BTC) price chart in the past seven days. Source: CoinGecko Saylor also previously reported that Strategy’s Bitcoin holdings closed at an all-time high of $77.2 billion at the all-time high prices. August for “small” buys? Strategy’s new 430 BTC purchase followed another “small” Bitcoin buy of just 155 BTC announced last week, marking a significant drop from multi-thousand purchases made in previous months. The company bought as much as 31,466 BTC in three purchases from July 14 to Aug. 3, which marked a significant surge from a total 17,075 BTC purchased in June. The past 10 Bitcoin purchases by Strategy since June 2. Source: Strategy The acquisition was notably smaller than… The post Strategy Adds 430 Bitcoin As BTC Hits $124K Ahead Of Dip appeared on BitcoinEthereumNews.com. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price swung to new all-time highs before retreating last week. Strategy acquired 430 Bitcoin (BTC) for $51.4 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. The new Bitcoin batch cost the company an average price of $119,666 per coin, reflecting the massive volatility last week, with BTC trading at about $120,000 on Monday and slipping to as low as $115,000 on Sunday, according to CoinGecko. An excerpt from Strategy’s Form 8-K. Source: SEC The acquisition moved Strategy’s Bitcoin holdings to 629,376 BTC, purchased for about $46.15 billion at an average price of $73,320 per coin. “Volatility is a gift to the faithful” As Bitcoin saw high volatility last week, surging above $124,000 on Wednesday only to retreat to $115,000 by the end of the week, Strategy’s co-founder Saylor took to X to comment on the volatile prices. “Volatility is a gift to the faithful,” he wrote on Thursday amid the BTC price tumbling below $118,000 the next day after reaching new all-time highs. Bitcoin (BTC) price chart in the past seven days. Source: CoinGecko Saylor also previously reported that Strategy’s Bitcoin holdings closed at an all-time high of $77.2 billion at the all-time high prices. August for “small” buys? Strategy’s new 430 BTC purchase followed another “small” Bitcoin buy of just 155 BTC announced last week, marking a significant drop from multi-thousand purchases made in previous months. The company bought as much as 31,466 BTC in three purchases from July 14 to Aug. 3, which marked a significant surge from a total 17,075 BTC purchased in June. The past 10 Bitcoin purchases by Strategy since June 2. Source: Strategy The acquisition was notably smaller than…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more