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Bitcoin Is “Exponential Gold,” Fidelity Exec Says
Jurrien Timmer, director of global macro at Fidelity Investments, claims that he views Bitcoin, the leading cryptocurrency by market capitalization, as "exponential gold." "In my view, bitcoin is exponential gold and an aspiring player on the store of value team," he said.
$BTC
$BTC
Is Warren Buffett Preparing For A Market Downturn With Berkshire Hathaway's $325B Cash Pile?
Is Warren Buffett Preparing For A Market Downturn With Berkshire Hathaway's $325B Cash Pile?
Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) has amassed a staggering $325 billion cash reserve, its largest ever, and nearly double the previous year's balance. This coincides with a record high in Warren Buffett's favored valuation metric: the stock market’s value relative to the U.S. economy. While this may seem like Buffett is predicting an imminent market downturn, his strategy is more nuanced and
Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) has amassed a staggering $325 billion cash reserve, its largest ever, and nearly double the previous year's balance. This coincides with a record high in Warren Buffett's favored valuation metric: the stock market’s value relative to the U.S. economy. While this may seem like Buffett is predicting an imminent market downturn, his strategy is more nuanced and
MicroStrategy has made headlines with its largest Bitcoin purchase to date, acquiring 55,500 BTC between Nov. 18 and 24 for $5.4 billion. The purchase, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC), was made at an average price of $97,862 per Bitcoin. This move elevates the company’s total holdings to 386,700 BTC, valued at approximately $37.6 billion.
The firm’s cumulative Bitcoin investment now totals $21.9 billion, with an average acquisition cost of $56,761 per Bitcoin. The latest acquisition was funded through a $3 billion debt offering, netting $2.97 billion, alongside $2.46 billion raised from the sale of 5.6 million shares.
$BTC
#MicroStrategу
The firm’s cumulative Bitcoin investment now totals $21.9 billion, with an average acquisition cost of $56,761 per Bitcoin. The latest acquisition was funded through a $3 billion debt offering, netting $2.97 billion, alongside $2.46 billion raised from the sale of 5.6 million shares.
$BTC
#MicroStrategу