Strong volatility in BTC prices as Facebook apparently hasn’t invested in Bitcoins

Facebook’s quarterly SEC filing has no mention of Bitcoin, let alone of a Bitcoin purchase, defying market expectations.

For a few days leading up to Facebook’s earnings reported today, there was talk that the world’s most famous social network was about to purchase billions of dollars in Bitcoins: those rumors turned out to be precisely that – just rumors.

Several news outlets, including leading sources such as FOX, ran with popular Bitcoin investor Alistair Milne’s tweet, claiming that Facebook would announce that they held Bitcoin on their books. This should have been reflected on Facebook’s Q1 earnings reports published a short while ago.

Continue reading

Start trading BTC