MicroStrategy has purchased $1.5 billion worth of BTC again, increasing their total holdings to 439,000 BTC, with an overall average price of approximately $61,700, yielding a profit of over $19 billion. Throughout November, MicroStrategy purchased BTC three times, and now, halfway through December, they have already made three purchases, with the number of purchases this month expected to surpass that of November.
MicroStrategy's continuous strategy of purchasing BTC has affected the overall market sentiment. Some mining companies, such as Riot and Marathon, have not only stopped selling the BTC they mine but are also learning from MicroStrategy by raising funds through bond sales to purchase more BTC.
Meanwhile, the supply of stablecoins has also reached new highs. Since Trump’s election victory, Tether has been aggressively increasing the issuance of USDT into the market, which is the most direct liquidity indicator in the cryptocurrency market. The number of global cryptocurrency users has now exceeded 18 million, indicating a significant purchasing demand.
BTC has once again refreshed its previous high, with a new record close to $107,800, just a step away from $110,000. Although BTC has seen a slight pullback after breaking the $100,000 barrier, it has generally been on a steady rise. Above $100,000, we see retail and short-term users taking profits, while corporate entities and ETF institutions, represented by MicroStrategy, continue to maintain daily inflows for accumulation.
In January next year, Trump will take office as president, and the new pro-crypto SEC chairman will also assume office. The U.S. will incorporate BTC into its national strategic reserves and establish a BTC G7 alliance internationally. A new wave of cryptocurrency is rolling in, and some keen companies and institutions are madly scrambling to purchase tokens to be in the best position for the arrival of the new world, while retail investors are discussing whether the time has come to take profits at $100,000. 😂
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