As of December 17, Beijing time, Bitcoin touched $107,000 per coin, up 0.89% within the day. As of the time of writing, Bitcoin is priced at $107,472.3 per coin.
On December 16, MicroStrategy, which is about to be included in the Nasdaq 100 index, announced that it purchased another 15,350 Bitcoins. The company's total Bitcoin holdings now reach 439,000 coins, worth approximately $45 billion.
According to documents submitted by MicroStrategy to the U.S. Securities and Exchange Commission (SEC), the company spent about $1.5 billion between December 9 and December 15 to purchase another 15,350 Bitcoins at an average price of $100,386 per coin. After this purchase, the company holds 439,000 Bitcoins, accounting for approximately 2.1% of the total Bitcoin supply, with a total value of about $45 billion.
The funds for this Bitcoin purchase came from the company's recent sale of 3.88 million shares, raising about $1.5 billion. This stock sale is part of a broader plan in which the company aims to raise $42 billion through stock and bond issuance to further acquire Bitcoin.
According to the Securities Times, Michael Saylor, founder and chairman of MicroStrategy, compared Bitcoin to New York City and its economy, calling it 'Network Manhattan,' as this cryptocurrency set a new record.
In an interview, he said, 'We will keep buying; every day is a good time to buy Bitcoin.' He also remarked, 'It's like I would have bought Manhattan every year for the past 100 years, 200 years, or even 300 years.'
Previously, on December 4 local time, at the DealBook/Summit conference hosted by The New York Times, Powell emphasized that the competitor to Bitcoin is gold, not the dollar.
Powell stated that Bitcoin is like gold, only virtual. People do not see Bitcoin as a means of payment or a store of value, as its volatility is too great. Therefore, Bitcoin is not a competitor to the dollar, but is competing with gold.
On the evening of December 4, Meitu announced on the Hong Kong Stock Exchange that it had sold all of its purchased cryptocurrencies, realizing a profit of approximately $79.63 million (equivalent to about 571 million RMB).
The announcement shows that Meitu began selling its purchased cryptocurrencies in the market starting November 2024, and as of December 4, it had sold all of its purchased cryptocurrencies (a total of approximately 31,000 units of Ethereum and 940 units of Bitcoin, with total cash consideration of approximately $100 million and $80 million respectively).
Meanwhile, the board suggests using about 80% of the net profit from sales to pay a special dividend, which amounts to a special cash dividend of HKD 0.109 per share; the remaining net amount will be used as general working capital to expand the group’s video and design product business, which is mainly based on paid subscriptions.
It is reported that Meitu purchased these cryptocurrencies in March and April 2021, spending a total of $100 million.