Eine neue Sammelklage gegen Elon Musk und dessen Rolle als einflussreicher Fürsprecher des Dogecoin sorgt in der Krypto-Community eher für Spott und Häme als für weitere Panik.
Bitcoin crash brings El Salvador’s BTC losses to over $61M
Bitcoin price fell below $20,000 on Saturday to see the USD value of El Salvador’ BTC holdings shrink from over $105 million to around $44 million.
El Salvador became the first country to adopt Bitcoin as legal tender in June 2021 and went on to buy its first BTC as a nation on 6 September.
That first purchase was for 200 bitcoins for $10,353, 812 at an average price of $51,769.06 per BTC. At the time of writing, that first purchase is down 63.03%, according to a portfolio tracker.
El Salvador bought more Bitcoin, utilizing dips to add to its holdings as BTC climbed to its peak in November. President Nayib Bukele also announced two more purchases in 2022, even as prices declined further off the peak.
El Salvador’s BTC holdings down 58% overall
The last purchase was on 9 May 2022, when El Salvador acquired 500 BTC for $15.3 million at an average cost of $30 744. In total, the country currently holds 2,301 bitcoins acquired at over $105 million for a dollar cost average of $45,908.42.
The value of the total holdings has fallen dramatically over this week, even as BTC/USD plummeted from $30k to $20k.
When we first made this chart on Tuesday, El Salvador’s bitcoin investment was worth $67m. Before going to press on Thursday morning, we updated the chart to $52m. It’s currently $44mhttps://t.co/lVzsnYRI5L pic.twitter.com/fkY98aFQuw
— Alex Selby-Boothroyd (@AlexSelbyB) June 18, 2022
With Bitcoin price below $20,000, El Salvador’s BTC holdings are now worth about $44 million – down more than 58% overall and currently losing over $61.5 million.
Despite the huge loss, the country’s Finance Minister recently said the fiscal risk was “extremely minimal.”
The post Bitcoin crash brings El Salvador’s BTC losses to over $61M appeared first on CoinJournal.
Mark Cuban: Krise des Kryptomarkts wird zeigen, „wer ohne Badehose schwimmt“
Der Besitzer der Dallas Mavericks verweist bei seiner Analyse der aktuellen Lage auf dem Kryptomarkt auf die Worte von Warren Buffett.
Voyager Digital seals $200M and 15,000 BTC loan deal from Alameda Research
Voyager Digital has secured a loan facility agreement with Alameda Research, in a deal that the brokerage platform says will help it better protect its customer assets amid the current market conditions.
$200 million in cash/USDC and 15,000 BTC
Voyager announced on Friday that it had sealed “a non-binding term sheet” with trading firm Alameda Research, securing a revolving line of credit that offers access to fresh capital should it be needed.
According to the company, the loan facility will be used to provide a safety net around customer assets as the market navigates the current volatility.
The credit facility comes in two parts, with the first being a $200 million loan agreement denominated in cash or the USDC stablecoin. In addition to that, Voyager and Alameda have agreed on a further 15,000 Bitcoin (BTC) credit facility.
The two facilities’ term expires on December 31, 2024 and will attract an annual interest of 5% to be paid on maturity.
Voyager is “well capitalized”
Turbulence in the crypto markets has had a drastic impact on companies and projects, with the recent upheavals for Celsius and 3AC pointing to potential contagion.
In light of this, the Voyager team provided an asset and risk management update earlier in the week, seeking to assure its customers that all was well.
Apart from stating that it had no assets with Celsius, Voyager CEO and co-founder Steve Ehrlich noted:
“The company is well capitalized and in a good position to weather this market cycle and protect customer assets. It is Voyager’s goal to continue to build secure products and services, as well as build trust and leadership in the cryptocurrency industry.”
The company has over $200 million on its balance sheet, it said on Friday.
The post Voyager Digital seals $200M and 15,000 BTC loan deal from Alameda Research appeared first on CoinJournal.
Bitcoin crasht unter 20.000 US-Dollar – Kurs zum ersten Mal überhaupt unter altem Rekordhoch
Durch einen deutlichen Abschwung erreicht BTC in seiner Geschichte ein negatives Novum, denn mit dem Crash unter das lange geltende Rekordhoch von 20.000 US-Dollar geht der erste Absturz unter eine vorherige Bestmarke einher.