00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bitcoin fell more than 6% on Monday and traded near $85,468 as of 4 p.m. Eastern Time in New
00:10York on Monday, according to The Wall Street Journal. The drop marked its sharpest single-day
00:15decline since March and extended a months-long slide that has pushed the token more than 30%
00:20below its early October peak above $126,000. The decline spread across major cryptocurrencies
00:26and crypto-linked stocks as investors pulled back from risk. Strategy raised $1.44 billion
00:32through a stock sale to cover future dividend and debt interest payments and disclosed it
00:37bought 130 Bitcoin in the past two weeks. Coinbase Global fell 4.8% and Circle Internet Group dropped
00:445% as crypto-linked stocks declined. Other crypto treasury firms also slid, with Bitmine Immersion
00:51Technologies down 13% and Forward Industries down 12%.
00:55For all things money, visit Benzinga.com.
