#2024withBinance 535 days 💪🏻 | Oo Wai on Binance Square

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#2024withBinance  535 days 💪🏻

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$BTC Legacy wallets, many untouched for nearly a decade, are reawakening as BTC comfortably trades several thousand dollars above six figures. On Saturday, for instance, bitcoin exchanged hands within the range of $102,214 to $104,839 per coin. On Friday, a wallet originally established on April 13, 2015, executed its first transaction in nearly nine years and nine months, transferring 77.99 BTC—valued at over $8 million. Shortly thereafter, btcparser.com detected movement from another address, created on Jan. 5, 2014, which transferred 39.07 BTC at block height 879,669. A larger transaction soon followed at block 879,681, where an address originating on July 31, 2017, transferred 147 BTC, valued at approximately $15.2 million. In subsequent activity today, a wallet dating back to March 25, 2017, moved 56.67 BTC, while another from April 29, 2013, shifted 40.01 BTC.

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19th Jan 2025 WOTD 5 Letter “FOCUS”#WOTD

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#EOSProject EOS is a decentralized operating system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps). With its scalable and flexible architecture, EOS supports thousands of transactions per second, making it an attractive platform for businesses and developers

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#ShareYourThoughtOnBTC $BTC Microstrategy intends to expand its authorized class A common stock from 330 million shares to 10.30 billion shares to facilitate the company’s extensive bitcoin acquisitions, according to Bloomberg. The plan is expected to be put to a vote at the shareholders’ meeting on Tuesday, Jan. 21. About 47% of the voting power is controlled by Michael Saylor, the founder of Microstrategy, and this share increase will bring the total number of outstanding shares closer to those of market titans like Amazon and Alphabet. Microstrategy declared in October that it would raise $42 billion in cash over three years to purchase bitcoin through debt sales and a share issuance program. Since then, the business has made ten straight weekly acquisitions, nearly doubling its bitcoin holdings to over $44 billion. Investors would often disapprove of such a possible share increase since it dilutes voting rights, shareholder equity, and earnings per share. However, investors might not be bothered as Microstrategy’s shares have recorded remarkable returns of over 2,500%, since launching its bitcoin buying plan. The company uses a metric it developed called bitcoin yield, which tracks the change in bitcoin holdings per diluted share over time but ignores fluctuations in the price of bitcoin to determine the acquisition value of bitcoin to shareholders.

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