Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High
Business analytics firm MicroStrategy has made yet another large bitcoin (BTC, -0.15%) purchase, buying a further $15 million worth.
- MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency’s all-time high.
- This latest purchase brings the firm’s total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
- At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them.
- The company’s share price has partly recovered from a month-long downturn, which saw it dip as low as $547.40 on March 5.
- MicroStrategy stock was listed at $763 in pre-market trading today and stands at $803.75 at press time.
Recommended News
-
Announcement of TCOW contract address
According to the official twitter report of cowlab, TCOW has passed the torn distributed open source protocol,TCOW will establish a low threshold, high transparency, strong accessibility and inclusive point-to-point decentralized financial system. In order to prevent fraud, the TCOW contract address is officially announced: TAp5LFZL32A62LnPEv8n7GmxceKSyLEKNM, with a total amount of 2100 million, 70% of which is used for DAPP application developer award, 15% for community incentive, 10% for global institutional investment, and 5% for technology operation and maintenance team award.
-
Draws Skepticism From Rival Analysts
A debate is raging among bitcoin traders after a chart-reading analyst spotted a pattern known as a “bull flag,” ostensibly portending a coming rally to $70,000 or beyond. The analysis, posted on the website Bitcoinist by Yashu Gola and affirmed by Bill Noble at Token Metrics, concluded that the bull flag has formed over the past month, and that the cryptocurrency’s price is set to pop after a breakout in recent days. But when it comes to identifying and interpreting price-chart patterns there’s an art to the science, and some practitioners of bitcoin technical…
-
Behold, the journey of SmallDogCoin dominance is beginning.
The most hype discussion recently in Crypto(maybe even beyond crypto ) is not Btc reaching $60k or $2500 Eth, but Dogecoin which was abandoned by the founder, but went crazy on Reddit with over 1 million active users. Dogecoin as the synonymous to“pathway to financial freedom”went up hundreds times within months and hit record daily rise of 150% shocked everyone that read news. This was the use-to-be crypto market and draws many Bitcoin holder to switch position to Dogecoin. It is hard to imagin crypto without hard cap could…
-
Oracle —— Helps blockchain interact with reality
The Blockchain world, the one trapped in the mid-air The biggest core innovation of blockchain is to solve the trust problem in a decentralized way, without the need to trust and rely on third-party institutions for value transfer. Among them, smart contracts play an important role. It is a set of contracts defined in digital form to help contract participants execute the agreement to complete tasks, saving time and tedious steps. However, it is precisely because of the consensus mechanism of the blockchain that the internal blockchain is a…
-
Cryptocurrency Fund Flows Now at Lowest Since October 2020
Flows into digital asset investment products declined by roughly $79 million to $21 million during the seven-day period through March 26, the lowest since October, according to a new report by CoinShares, a digital asset investment firm. Slowing investor appetite for cryptocurrency funds reflects sideways price action in bitcoin (BTC). The cryptocurrency has traded between $50,000 and $60,000 over the past week. “Investor appetite for digital assets has waned in recent weeks as volatility remains high and the price trades sideways,” CoinShares wrote in the report. “We have recently witnessed a significant reduction…
-
The Vision of Ethanim: Building New Public Chain for the Metaverse
As the advanced version of the digital era, many metaverse applications using multiple digital technologies are approaching us. Blockchain technology makes digital identity unique and digital asset confirmation also becomes possible. It builds a trustworthy economic form and also accelerates the development of metaverse. In the past six months or so, the metaverse conceptual application represented by crypto games has been noticed. Traditional game developers have introduced digital assets and NFT based on blockchain technology into the game precisely to form a new metaverse conceptual game with unified value and…
-
Galaxy’s Institutional Ethereum Funds Raise $32M at Launch – From a Select Few
Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…
-
Why Bitcoin Is More Like a $100 Bill Than Gold
This week, two developments point toward continued interest in bitcoin as a medium of exchange, the reason the “commerce on the internet” meme may be more accurate than the “digital gold” narrative. One of the developments is the debut of a service allowing use of Lightning – a protocol built to scale transactions on the Bitcoin blockchain – for payments with online merchants that use the Visa network. The company behind the service is called Moon, and it uses a similar mechanism to that used by other bitcoin commerce startups, such as Fold. The…
-
B2W Create a safe, transparent and standardized trading environment
B2W has the world’s leading financial technology research and development, blockchain research and development, artificial intelligence systems, big data platforms, the world’s top financial data docking center, currency market transactions, professional asset management, and core ICO community technologies and services. In the field of professional encrypted assets, it provides a series of services for global investment institutions and investors, combines the global currency revolution with financial cutting-edge technology, and provides members of the world with prosperous, healthy and sustainable wealth. Six advantages Avoid human weakness Make decisions objectively…
-
Under the wind of the encryption market: Koala Arithmetic Mining Platform completes the development and design of the prototype
With the surge of Bitcoin and Ethereum, the two major cryptocurrencies continued to hit record highs, and the crypto market was boiling. According to CoinMetrics data, Bitcoin miners set a record of $340 million in mid-December 2017 and $1.02 billion after the bear market in January 2018. It is expected that bit miners will set a higher record in the future. As the price of cryptocurrencies has soared, the continued high popularity and high yields have led to a mining boom. On February 8, 2019, the Internet company Ninth City…
