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Chainlink (LINK) Price News: Drops 8% Despite 64K Token Buyback

Chainlink's LINK token fell 8% to $16.92, breaking below the significant $17 support level amid increased institutional selling, despite a notable buyback by the Chainlink Reserve. This decline occurred within a trading session marked by a 98% surge in volume, reaching 3.94 million units. The drop below this critical threshold represents the lowest price for LINK in nearly two weeks. The Chainlink Reserve has been utilizing revenue from partnerships to bolster its holdings, with an acquisition of 64,445 LINK tokens recently recorded, the largest since August. Concurrently, the protocol has formed a partnership with Ondo Finance for data feeds related to tokenized equities, enhancing Chainlink's use cases.

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Strategy Raises $715 Million in Europe to Buy More Bitcoin

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Strategy Raises $715 Million in Europe to Buy More Bitcoin

Strategy has successfully raised $715 million through its latest offering of perpetual stream preferred stocks (STRE), aimed at European investors. This offering, priced lower than initially expected, is designed to generate significant funds for operational expenses, including the acquisition of additional Bitcoin. Presently, the company holds 641,205 Bitcoin, valued

Strategy Raises $715 Million in Europe to Buy More Bitcoin

Strategy raised $715 million through its latest offering of preferred shares, known as STRE, aimed at European investors. This new share class is designed to pay regular dividends and will be listed on the Euro MTF Luxembourg exchange. The preferred shares are priced at €80 ($93) each, lower than the