Microstrategy’s massive $4.6 billion bitcoin buy pushes its holdings to 331,200 BTC, fueling bold predictions of $100K soon and a bull case of $49 million. Microstrategy Secures 51,780 BTC, Pushing Bitcoin Treasury Beyond $16 Billion Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) filed a report with the U.S. Securities and Exchange Commission (SEC) on Monday, […] Original
Software developer MicroStrategy has continued Michael Saylor’s aggressive Bitcoin buying strategy, increasing its holdings to over 331,200 BTC. According to disclosure documents, MicroStrategy’s latest Bitcoin (BTC) purchase amounted to $4.6 billion, doubling its previous acquisition disclosed last week. The company acquired 51,780 BTC at an average price of $88,627 per coin, as confirmed by executive chairman and founder Michael Saylor. MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC…
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Cardano (ADA) is in the spotlight as a strong bullish rebound from the $0.6822 support level has reignited traders‘ optimism. This comeback marks a possible turning point for ADA, with renewed momentum driving the price higher and signaling a resumption of its uptrend. As buying interest strengthens, market sentiment appears to be shifting in favor of the bulls, raising the question: how far can Cardano climb in the coming days? All eyes are now on key resistance levels as ADA’s rally gains steam, fueling hopes for sustained growth. This analysis…
The new digital identity platform, Y, forgoes World Network’s controversial biometric authentication for a system based on users’ online activities. Source
Semler Scientific raised $21.5 million through its at-the-market equity offering, purchased 215 BTC. Source
Polish minister and presidential candidate Sławomir Mentzen has promised to create a Bitcoin reserve and make Poland more crypto-friendly if elected in 2025. According to a Nov. 17 X post, Mentzen doubled down on his previous remarks made in response to a proposal from Lech Wilczynski, CEO of Swap.ly, about adopting the crypto advocacy group Satoshi Action Fund’s Strategic Bitcoin Reserve model. Wilczynski suggested that The Satoshi Action Fund’s open-source model could serve as a framework for Poland to establish a national Bitcoin reserve, emphasizing that “there is no point…
Solana’ SOL topped $240 for the first time in three years as bitcoin (BTC) took a breather above $90,000. SOL advanced 4.3% in the past 24 hours, outperforming the broad-market benchmark CoinDesk 20 Index’s 1.6% gain. Bitcoin, meanwhile, pulled back slightly to just above $90,000 before U.S. trading hours as investors digested the monster rally to records since Donald Trump’s election victory. Still, the largest crypto’s pause may be only temporary: BTC may potentially climb as high as $200,000, according to BCA Research analysis of fractal patterns. Source
Marathon Digital announces a $700 million private convertible note offering to fund debt repayment, Bitcoin purchases, and corporate needs. Bitcoin (BTC) mining company Marathon Digital said it plans to sell $700 million of convertible notes in a private placement to fund purchases of BTC and general corporate purposes. In a press release on Monday, Nov. 18, the Florida-headquartered company said the notes will bear interest payable semi-annually and mature on March. 1, 2030. Holders will have the option to convert the notes into cash, shares of Marathon stock, or a…
The company now holds 331,200 bitcoin acquired for roughly $16.5 billion and worth just shy of $30 billion. Original