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MicroStrategy expands Bitcoin holdings with $1.1 Billion purchase #MicroStrategy has purchased an additional 18,300 bitcoins $BTC for approximately $1.1 billion, bringing its total holdings to 244,800 bitcoins, valued around $14 billion. This acquisition, made between August 6 and September 12, was financed through the sale of company shares, as detailed in an SEC filing. The average purchase price for these new bitcoins was $60,408 each. Including previous purchases, MicroStrategy has spent about $9.45 billion on its #bitcoin holdings, with an average acquisition cost of $38,585 per bitcoin.
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š Letās dive into this Project Review featuring XION, a Layer 1 blockchain designed for mainstream Web3 adoption through its innovative Generalized Abstraction. XION is setting the stage to make Web3 easier and more accessible for everyone. š Read more here: xion.burnt.com From day one, the XION team has been focused on eliminating Web3 complexity for non-crypto users, paving the way for mass adoption. Their Layer-1 blockchain introduces Generalized Abstraction, a framework designed to make blockchain technology accessible to all. š š Check out the Whitepaper for deeper insights: xion.burnt.com/blog/xion-whitepaper-release What makes XION truly unique? Here are its standout features: Meta Accounts: Unified management for multiple assets and identities Signature Abstraction: Simplified transaction authorization for all users Parameterized Fee Layer: Flexible fee structures across various tokens Abstracted Interoperability: Seamless cross-chain functionality for greater flexibility Explore their Testnet here: xion.burnt.com/blog/tags/testnet š„ Since launching the Testnet, XION has made significant strides: 3M+ Meta Accounts created 30M+ transactions processed 150+ projects onboarded to their growing ecosystem šø XION successfully raised $36M from leading investors, including HashKey Capital, Multicoin Capital, Animoca Brands, and The Spartan Group. With this funding, XION aims to accelerate development and continue expanding its global ecosystem. š Find out more about their strategic partners here: xion.burnt.com š XION is pushing the boundaries with its Chain Abstraction Technology, now integrated with major ecosystems like Injective, BNB Chain, and Avalanche. This technology allows frictionless interactions across multiple chains without the usual complexity, unlocking new opportunities for developers and users alike. š Whatās next for XION? Theyāre gearing up for their mainnet launch, with plans to roll out Abstractathonsāspecial events aimed at challenging developers to build with XION's tech. #Blockchain #Web3 #XION
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