MicroStrategy has acquired an additional $615 million worth of BTC, thereby increasing its holdings to a substantial $5.9 billion.
MicroStrategy, the leading corporate holder of bitcoin (BTC), further increased its holdings on Wednesday by acquiring 14,620 BTC for approximately $615.7 million. According to a tweet by the company's Executive Chairman, Michael Saylor, the average price per bitcoin was $42,110. This recent purchase has elevated MicroStrategy's total holdings to 189,150 BTC, valued at around $5.9 billion. These bitcoins were acquired at an average price of $31,168 per BTC. MicroStrategy initiated its bitcoin purchases in August 2020 and had made its most recent acquisition last month, purchasing 16,130 BTC worth approximately $608 million at that time. Additionally, the company disclosed that it had raised $610.1 million through its previously announced at-the-market (ATM) shares offering of $750 million. As of early December, MicroStrategy had amassed a profit of approximately $2 billion from its bitcoin holdings.
Long-term cryptocurrency traders are witnessing significant losses amounting to $190 million as the value of Bitcoin declines following the apparent repayments from Mt.Gox.
High funding rates, relatively low liquidity and reports of crypto exchange Mt.Gox starting repayments to victims of its 2014 hack spurred a market-wide decline in the past 24 hours, bringing losses to leveraged bullish traders. In futures market, traders betting on higher prices lost over $190 million to liquidations as bitcoin (BTC) dropped as much as 4% before recovering in Wednesday morning hours. Some $45 million of those stemmed from altcoin-tracked futures in an unusual move – with bitcoin liquidations accounting for a relatively lesser $36 million in losses. Traders of Solana’s SOL tokens took on nearly $20 million in losses, while those of Bitcoin protocol Ordinals (ORDI) lost $8 million, data from Coinglass shows. Crypto exchange Binance saw over $97 million in liquidations, the most among counterparties.
South Korea has decided to publicly disclose the cryptocurrency holdings of government officials.
South Korea has introduced new legislation aimed at enhancing transparency by making the crypto and other asset holdings of around 5,800 public officials accessible to the public. The country's Ethics Policy Division announced that starting from next year, public officials will have access to an integrated asset disclosure service. Currently, asset disclosures are published in official gazettes, but the new legislation will make this information available through the Public Official Ethics System (PETI). These laws were enacted in response to a prominent scandal involving a lawmaker, and it is expected that the implementation of the integrated service for public official property disclosure and registration of virtual assets will further enhance transparency within the public service community.
Hong Kong financial regulators have proposed mandatory licenses for fiat-backed stablecoin issuers. The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are seeking feedback by February 29. The proposed licensing regime will require issuers to obtain a license from the HKMA, requiring them to meet certain conditions to operate in Hong Kong. The move aims to position Hong Kong as a regional crypto hub and ensure that fiat-backed stablecoins maintain their value on par with sovereign currencies.
#POND Hi guys, I wanted to mention pond coin, it keeps swinging between 0.001 and 0.0014.
I think Pond coin is a hidden gem, as in my opinion this crypto is going to do a x100 in the bullrun reaching at least the dollar, since the problem that Pond coin is trying to solve is very important, from increasing storage space for layer 1 and 2, as well as increasing the tps for all cryptos, and many other features.
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thank you everybody and let´s make crypto great again :D.
Hi guys, today I wanted to show you the incredible resistance that pond token has since around 05/05/2022, practicly since 1 year and 5 months it has shown incredible sustain at 0.008$, Pond wants to scale CryptoDapps such as AWS did with Youtube, Facebook, by increasing storage space, and speeding data transmissions, and many other features.
Tokenomics 10bilion max supply Circulaiting supply around 8.6Billion Ponds Totally valued at 86'300'000$
this is a very safe price, especially for a longterm holding, backed by Binance Labs, and many other high profile investors.
In the next bullrun Pond will easily go for the 10billion marketcap (at least), which is a nice x100, so you'll be able to make 10k with only 100$.
Be careful with world coin guys, it'll drop heavily in the upcoming months, people been manipulating the spot price, to make billions of dollars with derivates of world coin.
stay far and safe from it, it's even dangerous to short it, since big people are in it, and can decide in which direction it shall go.