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Bitcoin holds above $63,000 as Coldcard losses near $89 million
['Simon Mugo', 'August', 'Min Read']
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Investing.com -- Bitcoin traded above $63,000 on Sunday, rising slightly over the previous 24 hours as the market absorbed expanding Coldcard wallet losses and further Bitcoin sales by Trump Media & Technology Group.
Losses linked to a vulnerability in Coldcard hardware wallets have reached 1,367 Bitcoin, worth nearly $89 million, according to Galaxy Research.
Trump Media & Technology Group Corp (NASDAQ:DJT) was reported to have sold another 2,628 BTC worth about $165 million, according to blockchain analytics account Lookonchain.
However, a Trump Media spokesperson clarified on Sunday that the BTC was transferred to Crypto.com, not sold, The Block said.
Strategy Inc (NASDAQ:MSTR), the largest corporate Bitcoin holder, maintained the August dividend on its STRC preferred stock at 12%.