Crypto
Strive CEO Declares Bitcoin Bear Market Over Amid Breakout in BTC Prices
The CEO of Strive declared the Bitcoin bear market over after BTC broke out against both the dollar and gold, sending the company's stock up 5% to $19.09 in early Monday trading.
Strategy stock rose 3% to $123.05, and Bitmine Immersion Technologies' shares increased by 3% to $23.50 as well.
Cole cited Bitcoin's breakout against both the dollar and gold when he stated 'My conviction is very strong that the Bitcoin bear market is over.'
Strive holds 20,246 Bitcoin at an average cost of $94,345, ranking seventh among public company holders, but this position sits at an unrealized loss against current spot.