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
-
Jaringan utama koin SYW telah diluncurkan dan merealisasikan sirkulasi global
Recently, something great happened within blockchain network. SYW coin completed the deployment on the ETH public chain and successfully launched the mainnet. This means that SYW has successfully realized global circulation and can be transferred in any blockchain networks. From now on, global investors can freely purchase or sell SYW coins. As a blockchain 2.0 application network, ETH’s related ecology has attracted the attention of many blockchain users and cryptocurrency owners. Ethereum holds the vast majority ofr DeFi protocols and stable coins. Due to its characteristics of having stable…
-
Cryptocurrency Fund Flows Decline as Bitcoin Price Trades Sideways
Cryptocurrency fund inflows declined by roughly 58% to $99 million last week. Lower investor appetite for digital asset funds could reflect uncertainty over bitcoin’s price, which recently has traded in a range between $53,000 and $61,000. “Since the February price highs and heightened volatility, we have seen a steady decline in appetite amongst investors,” according to a report by CoinShares, a digital asset management firm. “We have also seen a decline in bitcoin investment product trading volumes to $713 million per day last week, versus $1.1 billion per day for 2021,” wrote CoinShares. Fund flow…
-
Exploit Network closes $1.5 million funding round
On March 19, Exploit Network, a multi-chain privacy payment protocol, closed a $1.5 million initial round of funding from BlockCapital, HashFund and seven other institutions and listed companies. The team plans to use the funding to hire more technical engineers to build multi-chain interoperable application scenarios. Exploit Network is currently in its early stages and the team’s founder, Cora, was previously with DataCom, a leading IT company in New Zealand, working on network engineering architecture. Cora is also a core member of the local Auckland-based Geeks Anonymous group and has…
-
Bitcoin’s Stimulus-Led Rise Fades as Stocks Drop, Dollar Gains
Bitcoin has erased Sunday’s gains as stock markets struggle to cheer progress on U.S. fiscal stimulus efforts. The cryptocurrency is changing hands just over $50,150 at press time, representing a 1.55% drop on the day, according to CoinDesk 20 data. Prices had jumped from roughly $49,000 to $51,800 on Sunday as the U.S. Senate approved President Joe Biden’s $1.9 trillion stimulus plan. The bill now heads back to the House of Representatives so it can be reconciled with the House-passed version and then sent on to President Biden to sign. Traditional markets had mixed…
-
JPMorgan Posts 34 Blockchain Jobs as It Beefs Up JPM Coin
U.S. mega-bank JPMorgan has 34 open blockchain job positions posted on its website. It’s quite possibly a record for any company in the space (JPMorgan has been noted for its enthusiastic blockchain hiring in the past). The majority of the job openings, posted this month and last, are spread across the U.S., India and Singapore. Many of the jobs relate directly to Onyx, the division created in October of last year to oversee JPM Coin, the bank’s wholesale payments token. By signing up, you will receive emails about CoinDesk products and you agree to…
-
Hayek’s public chain
Hayek’s public chains are open-source public chains independently developed Hayek team based on the blockchain technology. To salute the Nobel Economics Prize winner Hayek, it is named Hayek. Hayek’s public chains apply the unique blockchain data structure and virtual machine design, apply the on-chain upgrading system and off-chain channel technology to realize expandability, high efficiency, usability, and interoperability of Hayek’s public chains, maximize protection of community completeness, solve the impossible trinity problem of the blockchain, and turn into the global top-notch public chains covering different fields including DeFi, payment,…
-
Gain instant insights into unique mechanisms and purchase mode of 4JNET
Blockchain technology creates reliable cooperation mechanism and wins lots of trust due to its widespread prospects. The advancement of this technology further brings about a massive monetary revolution of financial inclusion. Yet, it’s now too late for investors to hold Shib, Safemoon and other tokens as they have appreciated a lot. Never mind! Here’s a new chance! 4JNET, a new encrypted token, will debut on 1 December 2021. Moreover, the limited-edition NFTs will be presold on 20 October 2021. Lots of experts and senior players in the token industry show vigorous support…
-
Longbow Capital led a $5 million funding round for Modern, a Canadian blockchain project.
Modern, a distributed mobile network transmission protocol based on blockchain +5G, has announced the start of its financing plan, according to the company’s official announcement. Longbow Capital, a Canadian private equity firm, will lead the financing, which is expected to raise $5 million, according to a number of leaks. Longbow Capital is a private equity investment management firm that invests in the energy and technology sector. It focuses on companies that help bring energy to the world in the most efficient, cost effective and environmentally responsible way. The company was…
-
Bitcoin Transfer Worth $806M Might Reveal Big Institutional Purchase
Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro. The jury is out on what it means. It could be that a large investor or several just completed a fresh round of buying and now are taking the bounty off the exchange for long-term holding or other purposes. Or it might be something else more innocuous, such as an…
-
Whale Shark’s NFT Collectors Playbook
Thinking about buying some non-fungibles? Maybe you’re even thinking about investing? Maybe you still can’t wrap your brain around the idea of digital art being sold for $69 million, but you’re open-minded, you’ve done your homework and you think the rewards outweigh the risks. And maybe this is money you can afford to lose, so what the hell? [Obligatory disclaimer: Nothing that follows is financial advice. Investing in NFTs – or anything in crypto – is packed with risk and you can lose everything. Proceed with caution.] But if you’re trying to get your…
