🪙Tether and Saylor Buy

Bitcoin Before the New Year

Yesterday Saylor announced that his company MicroStrategy acquired 2138 BTC for ~$209 million at ~$97,837 per BTC, achieving a BTC return of 47.8% QTD and 74.1% YTD. The company currently holds 446,400 BTC, purchased for ~$27.9 billion at ~$62,428 per coin. Additionally, Tether has transferred BTC worth about $780 million to its corporate BTC reserve, marking the largest movement since March.

🇺🇸The U.S. Treasury Department stated that China hacked its workstations during a cyberattack. A representative from the Chinese embassy in Washington told Reuters that China denies such accusations.

📈Recent data from CryptoQuant shows that Bitcoin is leaving exchanges. The decline indicates a shift to storing Bitcoin in cold or hot wallets.

🔼Launched this year, BlackRock's Spot Bitcoin ETF officially becomes the fastest-growing exchange-traded fund in history. However, a total capital outflow of $415 million was recorded yesterday.