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Why your offshore crypto is no longer sheltered from tax

David Klasing, a California tax attorney, recalls meeting a client whose initial cryptocurrency holdings had grown to $700 million in eight years and, having never declared a single cent of it, was losing sleep and would be imprisoned for tax evasion. Klasing says he recommended the client pursue voluntary disclosure, a penalty reduction program for

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Strategy (MSTR) Raises STRC Dividend as Stock Drifts Below Par

Michael Saylor, executive chairman of Strategy (MSTR), said the largest publicly traded Bitcoin holder BTC$78,748.36 increased the dividend rate on its preferred stock, Stretch (STRC), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-term, high-yielding savings account. This is the sixth increase since the STRC was first negotiated in

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What’s next as Bitcoin falls to $78,000 and Saylor’s bet faces pressure

Bitcoin fell sharply on Saturday, falling below $80,000 for the first time since April 2025, as continued selling pressure and a lack of new capital weighed on crypto markets. The world’s largest cryptocurrency fell 10% to $75,709.88 on Saturday afternoon in New York, extending a decline that has now erased more than 30% of its

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Tom Lee’s BitMine is now down $6 billion on Ethereum (ether) bets

BitMine Immersion’s aggressive ether accumulation backfired sharply after the latest decline in crypto markets, leaving the company with over $6 billion in paper losses on its ETH holdings. The publicly traded company added more than 40,000 ether last week, bringing its total balance to approximately 4.24 million ETH, according to portfolio tracking data from Dropstab.

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Bitcoin falls from the world’s top 10 assets by market capitalization, behind Elon Musk’s Tesla

Bitcoin’s market capitalization now stands at around $1.57 trillion, making it the 13th largest asset by this measure, behind the shares of Saudi Aramco and Tesla. The move came after its price dropped sharply from around $90,000 to $78,500, a loss of over 11% in the last 7 days. The recent price decline comes amid

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Michael Saylor’s Bitcoin Stack Is Officially Underwater, But Here’s Why He Probably Won’t Hit the Panic Button

Bitcoin’s decline to around $75,500 briefly pushed the price just below Strategy’s (MSTR) average purchase cost of around $76,037 per coin. This may seem alarming at first glance, and it technically puts Michael Saylor’s company underwater on its bitcoin holdings, but it doesn’t fundamentally change the company’s financial situation. There is no stress on the

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