MicroStrategy, a business intelligence firm, continues to aggressively buy Bitcoin, with its latest purchase of 2,138 BTC costing $209 million. This brings their total Bitcoin holdings to 446,400 BTC. The buy, announced on December 30, occurred between December 23 and December 29 at an average price of $97,837 per Bitcoin. Despite this substantial acquisition, MicroStrategy’s ...
MicroStrategy is significantly expanding its Bitcoin holdings, recently acquiring an additional 2,138 bitcoins, bringing its total to an impressive 446,400 bitcoins valued at around 41.51 billion USD. Originally a cloud and business intelligence firm, MicroStrategy has shifted its focus to Bitcoin investments, often selling its own shares to fund these purchases. While the company’s stock ...
In 2024, the main focus in cryptocurrency is on institutional adoption. Notably, the U.S. has approved spot bitcoin exchange-traded funds (ETFs), leading to significant investments, with net inflows reaching $36 billion and over 1 million BTC acquired. Bitcoin’s price has surged almost 130% this year, nearing the $100,000 mark. More companies, like KULR Technology, are ...
In 2024, Bitcoin’s price skyrocketed over 140%, reaching $100,000 for the first time. This surge was fueled by the launch of Bitcoin Spot ETFs and reduced supply due to the fourth halving event. The election of crypto-friendly Donald Trump further boosted Market confidence. Experts predict that Bitcoin could exceed $200,000 by 2025, supported by strong ...
In 2025, the blockchain industry is expected to experience significant growth, driven by collaboration between public and private sectors, especially in the U.S. The anticipated Republican leadership may lead to clearer regulations that boost confidence and innovation in the crypto Market. As more financial institutions venture into digital assets trading, particularly Bitcoin and Ethereum, the ...
MicroStrategy’s stock, MSTR, saw a nearly 5% increase on Monday following news of the company’s recent bitcoin purchase and its upcoming inclusion in the Nasdaq 100 index. The software firm bought an additional 15,350 bitcoins for $1.5 billion, bringing its total holdings to around 440,000 bitcoins, making it the largest corporate investor in the cryptocurrency. ...
The Financial Accounting Standards Board (FASB) has introduced a new Fair Value accounting rule for cryptocurrencies, set to take effect on December 15, 2024. This rule requires companies to measure their cryptocurrency holdings like Bitcoin and Ethereum at their fair Market value in each reporting period, thus reflecting any gains or losses. Previously, cryptocurrencies were ...
As a seasoned Bitcoin analyst, I’ve been closely monitoring the cryptocurrency’s performance throughout 2024. The year started with a bang, as Bitcoin surged to a new all-time high of over $73,700 in March, fueled by the SEC’s approval of Bitcoin spot ETFs. This development opened the door for more institutional investors to enter the market, ...
