Crypto stocks: Battered as bitcoin drops under $49,500

BTC Health

04/03/2021 15:52

(Updates)
    ** Shares of cryptocurrency and blockchain-related firms
fall as Bitcoin  BTC=BTSP  drops 1.8% to $49,473.50 
    ** Bitcoin bank Silvergate Capital Corp  SI.N  down 12.6%;
cryptocurrency miners Riot Blockchain  RIOT.O  down 9.5% and
Marathon Digital Holdings  MARA.O  10.5% lower
    ** Shares of Overstock.com  OSTK.O , an online retailer and
blockchain tech investor, down 5.7%; shares of MicroStrategy Inc
 MSTR.O , a BTC buyer and business intelligence software firm,
are 6.5 % lower
    ** MSTR, led by bitcoin bull Michael Saylor, this week said
it holds ~90,859 bitcoins that were purchased for $2.19 bln
 urn:newsml:reuters.com:*:nFWN2KZ12F urn:newsml:reuters.com:*:nL3N2KZ3DM
    ** MSTR in recent weeks raised hundreds of millions of
dollars in debt to buy BTC  urn:newsml:reuters.com:*:nL4N2KM2VF

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))