Prop firm news

GOOG -13% in minutes: Alphabet lost $522 billion due to SpaceX revaluation

At the market open on Thursday, Alphabet (Google's parent company) shares plunged 13.18% to $279.47 - the strongest one-day drop in the company's history. About $522 billion was wiped off its market capitalization, which fell to $3.44 trillion.

Bitcoin at $80,000: Strategy's margin of safety has shrunk to 6%

BTC has lost almost 2% and is holding around $80,150, briefly dipping below $80,000. For Strategy (Michael Saylor's company, the largest corporate holder of Bitcoin), this means its coins are worth only 6% more than it paid for them.

Strive Vivek Ramaswamy bought another 3,311 BTC in a week

Last week, Strive increased its Bitcoin reserves by another 3,311 BTC. The purchase became part of a corporate strategy of holding BTC on the balance sheet as a long-term reserve asset.