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Amidst the volatile market conditions, MicroStrategy has acquired 1,045 Bitcoins.
The cryptocurrency market has been experiencing intense volatility in recent times, with many investors speculating on the future of Bitcoin (BTC) and other cryptocurrencies. Despite this, MicroStrategy, a leading business intelligence firm, has announced the acquisition of 1,045 Bitcoin, further cementing its belief in the long-term potential of the cryptocurrency.
The acquisition was made using MicroStrategy's existing funds and brings the company's total #bitcoin holdings to over 90,000, valued at around $5 billion at the time of writing. This move by MicroStrategy is in line with its strategy of investing in Bitcoin as a hedge against inflation and as a long-term store of value.
The acquisition has garnered significant attention in the #cryptocurrency community, with many speculating on the impact it will have on the price of Bitcoin. In the short term, the acquisition could lead to a price increase due to the increased demand for Bitcoin. This could also lead to other institutional investors following suit, further driving up the price of Bitcoin.
However, it's worth noting that the impact on the price of Bitcoin is not guaranteed, and the cryptocurrency market is known for its volatility. There have been instances in the past where similar acquisitions have had little impact on the cryptocurrency's price.
#MicroStrategy's acquisition of Bitcoin is part of a growing trend of institutional adoption of cryptocurrencies. Major financial institutions, including JPMorgan and Goldman Sachs, have started offering cryptocurrency services to their clients, indicating a growing interest in cryptocurrencies as a potential investment option.
One of the reasons behind this interest is the increasing acceptance of cryptocurrencies as a legitimate asset class. Many governments and regulatory bodies are beginning to recognize cryptocurrencies, with some even considering them as an alternative to traditional fiat currencies. This growing acceptance has led to increased demand for cryptocurrencies, further driving up their price.
In conclusion, MicroStrategy's acquisition of Bitcoin is a significant move in the growing trend of institutional adoption of cryptocurrencies. While the impact on the price of Bitcoin is not guaranteed, it could lead to a short-term price increase due to the increased demand for the cryptocurrency. However, as always, investing in cryptocurrencies carries inherent risks, and investors should do their research before making any financial decisions.
The acquisition was made using MicroStrategy's existing funds and brings the company's total #bitcoin holdings to over 90,000, valued at around $5 billion at the time of writing. This move by MicroStrategy is in line with its strategy of investing in Bitcoin as a hedge against inflation and as a long-term store of value.
The acquisition has garnered significant attention in the #cryptocurrency community, with many speculating on the impact it will have on the price of Bitcoin. In the short term, the acquisition could lead to a price increase due to the increased demand for Bitcoin. This could also lead to other institutional investors following suit, further driving up the price of Bitcoin.
However, it's worth noting that the impact on the price of Bitcoin is not guaranteed, and the cryptocurrency market is known for its volatility. There have been instances in the past where similar acquisitions have had little impact on the cryptocurrency's price.
#MicroStrategy's acquisition of Bitcoin is part of a growing trend of institutional adoption of cryptocurrencies. Major financial institutions, including JPMorgan and Goldman Sachs, have started offering cryptocurrency services to their clients, indicating a growing interest in cryptocurrencies as a potential investment option.
One of the reasons behind this interest is the increasing acceptance of cryptocurrencies as a legitimate asset class. Many governments and regulatory bodies are beginning to recognize cryptocurrencies, with some even considering them as an alternative to traditional fiat currencies. This growing acceptance has led to increased demand for cryptocurrencies, further driving up their price.
In conclusion, MicroStrategy's acquisition of Bitcoin is a significant move in the growing trend of institutional adoption of cryptocurrencies. While the impact on the price of Bitcoin is not guaranteed, it could lead to a short-term price increase due to the increased demand for the cryptocurrency. However, as always, investing in cryptocurrencies carries inherent risks, and investors should do their research before making any financial decisions.
NEW‼️ #MicroStrategy's has converted all company emails into #bitcoin Lightning adresses. 🚀
#BTC #crypto2023 #dyor
h/t👇 WalkerAmerica
#BTC #crypto2023 #dyor
h/t👇 WalkerAmerica
MicroStrategy’s Saylor Buys 3,000 More Bitcoin for $155.4 Million, Now Holding Nearly $10 Billion!
Bitcoin believers, rejoice! MicroStrategy, the forward-thinking software giant, has just added another 3,000 Bitcoins to its ever-growing treasury, bringing their total holdings to a staggering $9.88 billion!
This bold move underscores their unwavering belief in Bitcoin's potential, further solidifying their position as a leading corporate champion of the cryptocurrency revolution.
As their CEO, Michael Saylor, eloquently stated last week, "There's no reason to sell the winner." And with Bitcoin continuing its upward climb, it seems MicroStrategy is betting big on a bright future for the digital gold.
Are you inspired by MicroStrategy's commitment to Bitcoin? Share your thoughts in the comments below!
#MicroStrategy #MicroStrategyBTC #MicroStrategy's #InvestingAdventure #InvestingInsights
Bitcoin believers, rejoice! MicroStrategy, the forward-thinking software giant, has just added another 3,000 Bitcoins to its ever-growing treasury, bringing their total holdings to a staggering $9.88 billion!
This bold move underscores their unwavering belief in Bitcoin's potential, further solidifying their position as a leading corporate champion of the cryptocurrency revolution.
As their CEO, Michael Saylor, eloquently stated last week, "There's no reason to sell the winner." And with Bitcoin continuing its upward climb, it seems MicroStrategy is betting big on a bright future for the digital gold.
Are you inspired by MicroStrategy's commitment to Bitcoin? Share your thoughts in the comments below!
#MicroStrategy #MicroStrategyBTC #MicroStrategy's #InvestingAdventure #InvestingInsights
𝗝𝘂𝗻𝗲 𝟳, 𝟮𝟬𝟮𝟰
Unemployment claims in the US rose by 8,000 to 229,000 last week, surpassing expectations and reaching the highest level since early May.
Mexico's #PESO falls by over 2%, hits seven-month low against US Dollar.
📊 Report : Short sellers are betting $6.9 billion against #MicroStrategy's stocks as the company's stock has surged 469% in the past six months.
Unemployment claims in the US rose by 8,000 to 229,000 last week, surpassing expectations and reaching the highest level since early May.
Mexico's #PESO falls by over 2%, hits seven-month low against US Dollar.
📊 Report : Short sellers are betting $6.9 billion against #MicroStrategy's stocks as the company's stock has surged 469% in the past six months.
BTC rise benefited MicroStrategy: 900 million dollars!
MicroStrategy, which was rumored to be liquidated with the decline of Bitcoin (BTC) last year, made a profit of $ 900 million from its investment with the recent rise of the market.
MicroStrategy, which was rumored to be liquidated with the decline of $ (BTC) last year, made a profit of $ 900 million from its investment with the recent rise of the market.
Bitcoin maximalist made a profit of approximately $1 billion from its BTC investments. The company, which continues to accumulate BTC, does not prefer to sell despite making a large profit. On the contrary, the company has added 6,067 BTC to its wallet since the beginning of the third quarter.
founded by famous businessman Michael Saylor, has 158,400 BTC. During the period when BTC fell below 16 thousand dollars, the company was on the verge of liquidation. Nowadays, the company's BTC investment has made a profit of approximately $1 billion.
Saylor's vision for BTC made MicroStrategy one of the largest BTC investors. BTC decreased by 11.5 percent in the third quarter (July 1 - September 30) from $ 30,480 to $ 26,970. The company turned this situation into an opportunity and purchased 6,067 BTC at an average price of $ 27,590 in the third quarter.
The average cost of 158,400 held by the company is $ 29,586. In this case, the company made a profit of $900 million on BTC purchases.
According to a study, the company's annual revenue was 129.5 million dollars. The BTC investment allowed the company to achieve 7 years of revenue.
On the other hand, according to data from Google Finance, stock price (MSTR) increased by 2.7 percent to $438.
MicroStrategy, which was rumored to be liquidated with the decline of Bitcoin (BTC) last year, made a profit of $ 900 million from its investment with the recent rise of the market.
MicroStrategy, which was rumored to be liquidated with the decline of $ (BTC) last year, made a profit of $ 900 million from its investment with the recent rise of the market.
Bitcoin maximalist made a profit of approximately $1 billion from its BTC investments. The company, which continues to accumulate BTC, does not prefer to sell despite making a large profit. On the contrary, the company has added 6,067 BTC to its wallet since the beginning of the third quarter.
founded by famous businessman Michael Saylor, has 158,400 BTC. During the period when BTC fell below 16 thousand dollars, the company was on the verge of liquidation. Nowadays, the company's BTC investment has made a profit of approximately $1 billion.
Saylor's vision for BTC made MicroStrategy one of the largest BTC investors. BTC decreased by 11.5 percent in the third quarter (July 1 - September 30) from $ 30,480 to $ 26,970. The company turned this situation into an opportunity and purchased 6,067 BTC at an average price of $ 27,590 in the third quarter.
The average cost of 158,400 held by the company is $ 29,586. In this case, the company made a profit of $900 million on BTC purchases.
According to a study, the company's annual revenue was 129.5 million dollars. The BTC investment allowed the company to achieve 7 years of revenue.
On the other hand, according to data from Google Finance, stock price (MSTR) increased by 2.7 percent to $438.
🪙 Rapid Accumulation of #Bitcoin by Spot ETFs
Nine spot Bitcoin #ETFs, including BlackRock's iShares Bitcoin #Trust and Fidelity’s Wise Origin Bitcoin Fund, have collectively purchased over 100,000 BTC within a week of their launch.
This swift accumulation, amounting to approximately $4.1 billion, represents a significant portion of Bitcoin holdings compared to long-term investor #MicroStrategy's three-year accumulation.
🔥 Meanwhile, Grayscale's Bitcoin Trust has sold over 80,000 BTC, contributing to a notable price drop in Bitcoin.
Nine spot Bitcoin #ETFs, including BlackRock's iShares Bitcoin #Trust and Fidelity’s Wise Origin Bitcoin Fund, have collectively purchased over 100,000 BTC within a week of their launch.
This swift accumulation, amounting to approximately $4.1 billion, represents a significant portion of Bitcoin holdings compared to long-term investor #MicroStrategy's three-year accumulation.
🔥 Meanwhile, Grayscale's Bitcoin Trust has sold over 80,000 BTC, contributing to a notable price drop in Bitcoin.
#MicroStrategy's has acquired an additional 14,620 $BTC again of year 2023 for ~$615.7 million.
Now on 26 Dec. 2023
Total an average price of $42,110 per #Bitcoin
MicroStrategy now #HODL Total number of 189,150 $BTC acquired for ~$5.9 billion at an complete Bitcoin's Average price of $31,168 on per bitcoin costing.
Now on 26 Dec. 2023
Total an average price of $42,110 per #Bitcoin
MicroStrategy now #HODL Total number of 189,150 $BTC acquired for ~$5.9 billion at an complete Bitcoin's Average price of $31,168 on per bitcoin costing.
#MicroStrategy's Doubles Down on Bitcoin, Now Owns 1% of Supply
Despite a revenue dip, MicroStrategy keeps gobbling up Bitcoin. Their latest purchase of $1.65 billion brings their total holdings to 214,400 BTC, nearly 1% of all Bitcoin in existence!
While overall sales fell, their cloud software business is growing (subscription services up 22%). However, a net loss of $53.1 million was reported, mainly due to a $191.6 million Bitcoin impairment charge.
MicroStrategy remains bullish on Bitcoin, citing factors like new Bitcoin ETFs and rising institutional interest. They even raised $1.5 billion to fuel further purchases.
So, is buying MicroStrategy stock the same as buying Bitcoin? That's what CEO Michael Saylor seems to suggest, pointing to the stock's 937% surge since their Bitcoin buying spree began.
While facing financial constraints, MicroStrategy is confident its cloud business and Bitcoin's future will propel their success. #MicroStrategyBTC #michaelsaylor #cryptoniteuae #Bitcoin $BTC
Despite a revenue dip, MicroStrategy keeps gobbling up Bitcoin. Their latest purchase of $1.65 billion brings their total holdings to 214,400 BTC, nearly 1% of all Bitcoin in existence!
While overall sales fell, their cloud software business is growing (subscription services up 22%). However, a net loss of $53.1 million was reported, mainly due to a $191.6 million Bitcoin impairment charge.
MicroStrategy remains bullish on Bitcoin, citing factors like new Bitcoin ETFs and rising institutional interest. They even raised $1.5 billion to fuel further purchases.
So, is buying MicroStrategy stock the same as buying Bitcoin? That's what CEO Michael Saylor seems to suggest, pointing to the stock's 937% surge since their Bitcoin buying spree began.
While facing financial constraints, MicroStrategy is confident its cloud business and Bitcoin's future will propel their success. #MicroStrategyBTC #michaelsaylor #cryptoniteuae #Bitcoin $BTC
1. **#MicroStrategy's Bitcoin Resilience:** Michael Saylor believes MicroStrategy's appeal as a Bitcoin investment will endure despite potential ETF approvals, with plans to increase Bitcoin holdings.
2. **Unique #Bitcoin Approach:** Saylor underscores MicroStrategy's 145% Bitcoin value increase since 2020, driven by distinct strategies like leveraging, setting it apart from ETFs and benefiting shareholders.
3. **ETF Coexistence:** Saylor anticipates MicroStrategy's distinctive position will thrive alongside #spot Bitcoin #ETFs, catering to agile #investors while ETFs attract large institutional players. Company details include 470+ institutional shareholders, $5.3 billion market cap, and plans for a $750 million share sale to acquire more Bitcoin.
2. **Unique #Bitcoin Approach:** Saylor underscores MicroStrategy's 145% Bitcoin value increase since 2020, driven by distinct strategies like leveraging, setting it apart from ETFs and benefiting shareholders.
3. **ETF Coexistence:** Saylor anticipates MicroStrategy's distinctive position will thrive alongside #spot Bitcoin #ETFs, catering to agile #investors while ETFs attract large institutional players. Company details include 470+ institutional shareholders, $5.3 billion market cap, and plans for a $750 million share sale to acquire more Bitcoin.
MicroStrategy's Saylor Predicts Bitcoin Bull Run in 2024.
#MicroStrategy's executive chairman, Michael Saylor, expects significant growth in the value of Bitcoin in 2024. This forecast is based on two important upcoming events: the approval of Bitcoin spot Exchange Traded Funds (ETFs) by January 10, 2024, and the Bitcoin halving event scheduled for April. Second, it will reduce the number of Bitcoins mined daily from 900 to 450.
Saylor, whose company has a large #Bitcoin portfolio, believes that these developments will trigger both demand and supply shocks in the market. In an interview with Bloomberg on Tuesday, he compared the potential impact of a spot Bitcoin ETF approved by the US SEC to historic Wall Street developments such as the introduction of S&P 500 index funds. This suggests that the approval of Bitcoin spot ETFs could be a pivotal moment that drives mainstream investors into the cryptocurrency space.
In anticipation of this potential upside, #MicroStrategy is not only continuing, but increasing its investment strategy towards Bitcoin. The company recently bolstered its holdings with a $5.3 million purchase when Bitcoin's price was above $34,000. This move is in line with analysts' strong expectations for ETF approval and indicates MicroStrategy's further accumulation strategy based on these forecasts.
MicroStrategy plans to use low-interest borrowing, or what Saylor calls "smart leverage" strategies, to further invest in the digital currency. This tactic is part of their preparation for anticipated market changes and underlines their confidence in Bitcoin's future value.
$BTC $BNB
#MicroStrategy's executive chairman, Michael Saylor, expects significant growth in the value of Bitcoin in 2024. This forecast is based on two important upcoming events: the approval of Bitcoin spot Exchange Traded Funds (ETFs) by January 10, 2024, and the Bitcoin halving event scheduled for April. Second, it will reduce the number of Bitcoins mined daily from 900 to 450.
Saylor, whose company has a large #Bitcoin portfolio, believes that these developments will trigger both demand and supply shocks in the market. In an interview with Bloomberg on Tuesday, he compared the potential impact of a spot Bitcoin ETF approved by the US SEC to historic Wall Street developments such as the introduction of S&P 500 index funds. This suggests that the approval of Bitcoin spot ETFs could be a pivotal moment that drives mainstream investors into the cryptocurrency space.
In anticipation of this potential upside, #MicroStrategy is not only continuing, but increasing its investment strategy towards Bitcoin. The company recently bolstered its holdings with a $5.3 million purchase when Bitcoin's price was above $34,000. This move is in line with analysts' strong expectations for ETF approval and indicates MicroStrategy's further accumulation strategy based on these forecasts.
MicroStrategy plans to use low-interest borrowing, or what Saylor calls "smart leverage" strategies, to further invest in the digital currency. This tactic is part of their preparation for anticipated market changes and underlines their confidence in Bitcoin's future value.
$BTC $BNB
#CryptoMarket & #Bitcoin Updates -
After the news of #MicroStrategy's buying of again 3000 more Bitcoins, with in last 8 hours $BTC has made a big jump from $50,900 to $53,700, which is a sudden bigger Pumping of almost $3000..!
Now today Altcoins market also Pumping hard as in Bullish trend with some of Crypto Pumping almost 70-100% within 12-15 hrs. Only, Likewise $XVG $COTI etc..
Now it remains to be seen which way the Manipulator's will move the market and liquidate it again, always trade with #StopLoss , & #DYOR .
After the news of #MicroStrategy's buying of again 3000 more Bitcoins, with in last 8 hours $BTC has made a big jump from $50,900 to $53,700, which is a sudden bigger Pumping of almost $3000..!
Now today Altcoins market also Pumping hard as in Bullish trend with some of Crypto Pumping almost 70-100% within 12-15 hrs. Only, Likewise $XVG $COTI etc..
Now it remains to be seen which way the Manipulator's will move the market and liquidate it again, always trade with #StopLoss , & #DYOR .
🚨 Top 12 Crypto News in The Last Couple of Hours
1️⃣#MicroStrategy's Leverage on Bitcoin Leads to Explosive Moves
2️⃣#Lil Pudgys #NFT Series Sees 234.76% Increase in 24-Hour Trading Volume
3️⃣Base Network #Sees 51% Increase in Daily Trading Volume and New #TVL High
4️⃣#AirDAO Reports Theft of 35.2 Million AMB Tokens and 125.51 ETH from Uniswap Pool
5️⃣Stacks (#STX) Price Skyrockets Over 30% Following Approval of Nakamoto Upgrade
6️⃣#Nubit Partners With Babylon To Enhance Bitcoin Ecosystem Security And Data Availability
7️⃣#Political Meme Coins Gain Popularity on Solana Blockchain
8️⃣#Whale Makes $3.6 Million Profit in Seconds After SMOLE Launch
9️⃣#Stablecoin Market Cap Reaches $151 Billion, 24-Hour Trading Volume Hits $119.4 Billion
🔟#AI Announces Strategic Partnership With Solana To Develop Customized Application
1️⃣1️⃣ #JUP DAO to Receive 10 Million USDC and 100 Million JUP for Operations and Development
1️⃣2️⃣ #BNB Surpasses 560 USDT with a 9.16% Increase in 24 Hours
Stay updated with the latest crypto news!
#HotTrends
1️⃣#MicroStrategy's Leverage on Bitcoin Leads to Explosive Moves
2️⃣#Lil Pudgys #NFT Series Sees 234.76% Increase in 24-Hour Trading Volume
3️⃣Base Network #Sees 51% Increase in Daily Trading Volume and New #TVL High
4️⃣#AirDAO Reports Theft of 35.2 Million AMB Tokens and 125.51 ETH from Uniswap Pool
5️⃣Stacks (#STX) Price Skyrockets Over 30% Following Approval of Nakamoto Upgrade
6️⃣#Nubit Partners With Babylon To Enhance Bitcoin Ecosystem Security And Data Availability
7️⃣#Political Meme Coins Gain Popularity on Solana Blockchain
8️⃣#Whale Makes $3.6 Million Profit in Seconds After SMOLE Launch
9️⃣#Stablecoin Market Cap Reaches $151 Billion, 24-Hour Trading Volume Hits $119.4 Billion
🔟#AI Announces Strategic Partnership With Solana To Develop Customized Application
1️⃣1️⃣ #JUP DAO to Receive 10 Million USDC and 100 Million JUP for Operations and Development
1️⃣2️⃣ #BNB Surpasses 560 USDT with a 9.16% Increase in 24 Hours
Stay updated with the latest crypto news!
#HotTrends