Bitcoin's value dropped over 2%, dragging the broader market lower.
The relatively small purchase was mostly funded through common stock sales.
The decline followed a supposedly dovish Fed interest-rate cut, which was expected to weaken the dollar and encourage more risk-taking in crypto markets.
Crypto stocks tumbled in pre-market trading as bitcoin and ether extended heavy overnight losses, fueling $1.6 billion in liquidations across derivatives exchanges.
Your day-ahead look for Sept. 22, 2025
Safe-haven flows pushed gold to new records while bitcoin stumbled, highlighting shifting investor dynamics.
The introduction highlights a push to tie the XRP ledger into cross-chain liquidity flows, with returns projected at 6%–8% dependent on strategy performance.
More than 400,000 traders saw positions wiped out as leveraged longs in ether, dogecoin, XRP and other majors fueled the largest crypto liquidation event in months.
Your look at what's coming in the week starting Sept. 22
Company overtakes Bullish with $632 million purchase as both Metaplanet and Capital B shares trade lower.
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