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Michael Saylor Says $400B Tech Raises Pulled Bitcoin Down Near $62K
Michael Saylor has linked Bitcoin’s recent decline to a broad capital shift caused by major technology fundraising activity. The Strategy executive chairman said roughly $400 billion in capital raises by large technology companies has created pressure across liquid markets, including Bitcoin. According to the remarks attributed to Saylor during a TradePMR official livestream, the fundraising wave has been connected to demand for artificial intelligence infrastructure and large public market offerings. He said market participants have been selling liquid assets to raise cash for major technology deals being promoted ... (full story)
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