Odaily Planet Daily reports: Bitcoin rebounded from its intraday low of $62,653, breaking above $64,000 and reaching a high of $64,375 during the session, posting a daily gain of nearly 2%, with its market cap briefly exceeding $1.29 trillion. According to Coinglass data, over the past 24 hours, the total liquidation amount for Bitcoin leveraged short positions was $57.4 million, while long positions were liquidated for $13.3 million. During the same period, total liquidations across the network approached $220 million, with short positions accounting for approximately $155 million. As of August 16, business intelligence software company Strategy held 840,447 Bitcoin, with no change in its holdings, and increased its U.S. dollar cash reserves to $4.8 billion. The company used $333.7 million raised from the sale of common shares to repurchase 1,388,720 shares of STRC and paid $52.4 million in preferred stock dividends. (Bitcoin.com News)
Bitcoin Reaches $64,375; Short Liquidations Reach $57.4M
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Summary
Bitcoin reached $64,375, rising nearly 2% after rebounding from $62,653. Short liquidations totaled $57.4 million over 24 hours, while long positions incurred $13.3 million in losses. Total network-wide liquidations approached $220 million, with short positions accounting for $155 million. Strategy, a firm focused on value investing in crypto, held 840,447 BTC as of August 16, with cash reserves increasing to $4.8 billion. The company used $333.7 million from share sales to repurchase STRC shares and pay dividends, maintaining a strong risk-to-reward ratio in its capital allocation.
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