According to Odaily, MicroStrategy has made an additional purchase of 11,931 Bitcoins, valued at approximately $786 million. As of June 20, 2024, MicroStrategy's Bitcoin holdings have reached a total of 226,331 Bitcoins. The average price per Bitcoin in their possession is $36,798, bringing the total value of their Bitcoin holdings to approximately $8.33 billion. This move is part of MicroStrategy's ongoing investment in the digital currency, demonstrating their confidence in Bitcoin as a valuable asset.

#Microstrategy Makes a Splash in the Crypto World with a $347.0 Million #bitcoin Investment!

Hold on tight, because MicroStrategy, a well-known player in the crypto space, has just made a jaw-dropping move. They've invested a whopping $347.0 million to snatch up a total of 12,333 bitcoins. That's right, they've got their eyes on the digital gold!

Picture this: It's June 27th, 2023, and MicroStrategy's Bitcoin stash has grown to an impressive 152,333 bitcoins. Over time, they've spent around $4.52 billion to accumulate this treasure trove. With an average purchase price of approximately $29,668 per bitcoin, they've been playing the long game.

What does this mean? Well, MicroStrategy's strategic move speaks volumes about their unwavering faith in Bitcoin's potential as a valuable asset. Their continuous accumulation of #bitcoin showcases a rock-solid belief in its ability to store value and skyrocket in the future.

It's not just a one-time fling either! MicroStrategy's strong commitment to

#cryptocurrency investments shows its determination to diversify its treasury holdings. They're grabbing hold of the immense opportunities presented by the exciting world of digital assets.

This #news is an absolute game-changer, further cementing Bitcoin's position as a heavyweight in the financial arena. The actions of influential entities like MicroStrategy are clear signs of the growing acceptance and adoption of cryptocurrencies across traditional financial sectors.

We're keeping a close eye on the unfolding story and will keep you updated on any significant moves or announcements from MicroStrategy and other major players in the thrilling crypto industry. Buckle up and stay tuned for more exciting news on this thrilling crypto ride!

Michael Saylor’s MicroStrategy has increased its BTC exposure, bringing the company’s total holdings to 0.754% of Bitcoin’s total supply.
Read more on: https://thecryptobasic.com/2023/09/25/microstrategy-adds-5445-bitcoin-now-owns-0-754-of-btc-supply/
#bitcoin #BTC #Microstrategy #crypto #cryptonews

MicroStrategy’s X account fell victim to a hack on Monday, resulting in a phishing message being posted for its followers, blockchain sleuth ZachXBT reported. This phishing attempt has already resulted in the theft of $440,000 worth of crypto.
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Once again, the crypto community is on high alert following the compromise of the official X account (previously known as Twitter) of business intelligence firm MicroStrategy by hackers.

Phishing Attack Targeting MicroStrategy Users
The attack occurred on Monday morning and revolved around the dissemination of malicious links promoting a fake airdrop of a non-existent “MSTR” token purportedly based on the Ethereum blockchain.
Unsuspecting users who clicked on these links were redirected to a fraudulent webpage cleverly designed to mimic MicroStrategy’s legitimate platform.
Upon arrival at the fake webpage, users were prompted to connect their crypto wallets. By doing so, they unknowingly granted the attackers the necessary permissions to access and drain their cryptocurrency holdings.
MicroStrategy: Target of Repeat Cyber Attacks
This recent breach isn’t the first time MicroStrategy has been targeted by malicious actors seeking to exploit its established reputation and loyal following. In 2022, the company’s CEO, Michael Saylor, fell victim to impersonation on social media, where he was used to promote a fake cryptocurrency giveaway.

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According to findings by blockchain sleuth ZachXBT and anti-scam platform Scam Sniffer, the losses resulting from this elaborate scam have already surpassed $440,000. Shockingly, one individual alone lost a staggering $420,000 worth of various altcoins.
there was a second best after all(hacked acc if not obvious lol) pic.twitter.com/cdLqbqiiCO— Spreek (@spreekaway) February 26, 2024

This latest incident underscores a concerning trend where hackers leverage compromised accounts of trusted individuals and companies within the crypto space. By manipulating user trust, they succeed in stealing digital assets, highlighting the need for heightened vigilance and security measures within the community.
someone lost $424,786 worth of $wBAI, $wPOKT, and $CHEX to phishing scams about 5 minutes ago. pic.twitter.com/GEJvHEXuM7— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) February 26, 2024

Phishing Attacks on Rise in Crypto Industry
The recent hack on MicroStrategy is part of a wider problem affecting the crypto world. Back in January 2023, the official accounts of the US Securities and Exchange Commission (SEC) and CoinGecko, a popular crypto data site, were also hacked. This led to fake news spreading and attempts to trick people into scams.
Also Read:   South Korea Considers Crypto Tax Delay Amid Election Campaign

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Similarly, in the same year, hackers targeted Ethereum co-founder Vitalik Buterin’s account. They used it to share a fake link from ConsenSys, a major blockchain company, tricking many followers into sending over $700,000.
These events show how vulnerable social media platforms are to these types of attacks. They remind us all to be extra careful when we see online offers, especially those promising free tokens or rewards.
Experts say it’s crucial to double-check any information before clicking on links or sharing wallet details, especially if it’s from someone or somewhere you trust.
MicroStrategy’s Silence on Recent Hack Raises Concerns
MicroStrategy hasn’t said anything official about the recent hack on its X account. This silence has left users and the wider crypto community without any updates on what’s happening.
People have different ideas about why MicroStrategy hasn’t spoken up yet. Some might think it shows the company wasn’t careful enough and didn’t handle the security breach well. Others might think MicroStrategy is having a hard time dealing with the problem and figuring out how to fix it, so they’re taking longer to give updates.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#Microstrategy  #Bitcoin  #Altcoin  #Cryptocurrency  #CryptoNews

Post By: CryptosHeadlines.com

According to Michael Saylor, Embracing Bitcoin Strategy Is the Key for Small Firms to Compete with the Magnificent Seven.

Bitcoin has made a remarkable comeback, notching up a 70% increase in value since the start of 2023, reaching the $35,000 mark. Meanwhile, MicroStrategy, the largest corporate Bitcoin holder globally, has begun reaping substantial profits from its Bitcoin holdings, which were acquired at an average cost of less than $30,000.
Michael Saylor’s Strategy for Bitcoin
In a recent interview with Fox Business, Michael Saylor advocated that companies aiming to compete with the influential “Magnificent Seven” should veer away from traditional corporate strategies and embrace the Bitcoin playbook to safeguard their capital.
The “Magnificent Seven” comprises major companies responsible for the majority of the S&P 500’s impressive year-to-date gain of nearly 13%. These prominent firms include Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), and Tesla (TSLA). Among these, only Tesla holds Bitcoin on its balance sheet, and the recent quarterly filings confirm that the company has maintained its Bitcoin holdings without any changes.
In the backdrop of the 2023 Bitcoin price rally, MicroStrategy’s stock (MSTR) has also experienced a remarkable year-to-date surge of 213%, surpassing the performance of all the Magnificent Seven companies. In fact, MSTR has delivered returns that are 3-4 times higher than those of the seven prominent firms.
Saylor contends that most companies are grappling with the challenges of inflation, high-interest rates, and technology-driven deflation. Thus, he suggests that by embracing a Bitcoin strategy similar to that of MicroStrategy, companies can enhance their ability to reward shareholders effectively.
According to Michael Saylor, Bitcoin offers an innovative avenue for companies to safeguard their capital and increase shareholder value. This entails leveraging their balance sheets to integrate Bitcoin (BTC), providing an alternative to the costly cycle of acquisitions, stock buybacks, dividends, and debt.
MicroStrategy Expands Its Bitcoin Holdings
MicroStrategy has been actively acquiring and incorporating Bitcoins into its balance sheet for the past three years. In a recent announcement, the company revealed its most recent acquisition of 155 BTC, valued at $5.3 million.
Michael Saylor, while discussing Bitcoin’s dominance, underscored its exceptional performance by highlighting the cumulative returns it has delivered. Saylor recently shared a total returns chart for various asset classes, revealing Bitcoin’s remarkable 1,120,785% return from 2011 to 2023. This translates to an annualized return of 147.5%, a truly outstanding figure.
Important Note: Cryptosheadlines.com neither supports nor assumes responsibility for the content’s accuracy, quality, advertising, products, or any other materials featured on this page. It is advisable for readers to conduct their independent research before making any cryptocurrency-related decisions. Cryptosheadlines.com holds no direct or indirect liability for any harm or loss, whether actual or claimed, arising from the utilization or reliance on any content, goods, or services referenced herein. Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Saylor #Microstrategy

Recent hours have brought several interesting news related to Binance, Coinbase, and also the company Microstrategy. We present them to you in this summary.

News related to Binance

#Binance has opened trading pairs Bitcoin/FDUSD and ETH/FDUSD, for which it charges no trading fees. This is likely a short-term promotion intended to promote the new stablecoin First Digital USD (FDUSD) on this platform, which is backed by the Hong Kong custody firm First Digital.

Binance's CEO, Changpeng Zhao (CZ), warned that scammers are using a new sophisticated method to deceive cryptocurrency holders. It involves generating an address that has the same beginning and ending words as a legitimate address. The problem is that when entering a transaction, most people verify the beginning and end of the address. #CZ provided an example where one crypto operator almost made an incorrect transaction of 20 million USDT. Fortunately, it was successfully frozen.

News related to Coinbase

Coinbase plans to file a motion in court today to dismiss the SEC's lawsuit against the company. Representatives of Coinbase are confident they would win any potential legal dispute.

Coinbase released its quarterly results on Thursday, announcing net revenues of $663 million. Coinbase's net income fell by 10% compared to the second quarter of 2022, but exceeded expectations due to Coinbase's growing dominance in the US markets after Binance.US lost a significant market share. The net loss was $97 million, marking the exchange's sixth consecutive quarter with a loss. However, this is much lower than after the second quarter of 2022.

Coinbase is one step closer to the official launch of Coinbase Base. Developers have released an interface for the official bridge, allowing users to connect to the network for the first time without relying on developer tools. The official launch of the Base platform, built on Ethereum's second layer, is scheduled for August 9th.

Microstrategy's Plans and Bitcoin ETF:

Michael Saylor believes that interest in #Microstrategy shares will persist even after the approval of a spot Bitcoin ETF in the USA. He also confirmed that Microstrategy will continue to purchase bitcoins for its balance sheet. The company could use the $750 million it plans to raise from the sale of its Class A common shares for this purpose.

Applications for Ethereum ETF:

In addition to applications for a spot Bitcoin ETF, the SEC is also receiving requests for approval of Ethereum ETFs. Bloomberg pointed out that in the last 11 days, a total of 11 applications related to Ethereum have been submitted to the SEC. These aren't just for spot Ethereum ETFs but also futures ETFs or combined ETFs for BTC and #ETH .

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