Bitcoin falls as MicroStrategy plans to buy more

Also, OpenAI's latest move is called a “calculated betrayal” by Edward Snowden.

Author

Ryan Ozawa
June 14, 2024

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The price of Bitcoin plummetted Friday to as low as $65,018, below its Tuesday dip during an already down week. The midday price drop for BTC to its lowest price since May 16 triggered more than $100 million in liquidations for crypto long positions in a single hour.

The top crypto still has the loyalty of MicroStrategy, however, as the top institutional holder of Bitcoin today increased the size of its latest convertible notes offering from the $500 million announced yesterday to $700 million. The company plans to spend the expected cash infusion on more BTC and general corporate purposes.

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