Bitcoin moved towards the $30,000 level on Aug. 2, as markets reacted to the latest filings by Michael Saylor’s Microstrategy. In the second quarter the company reportedly added 12,333 BTC at a cost of $361.4 million. Ethereum jumped back above a key price floor of $1,850. Bitcoin Bitcoin (BTC) moved closer to $30,000 on Wednesday,…
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Bitcoin (BTC) hit one-week highs in the $29,700s on Tuesday after US software company MicroStrategy signaled intent to add significantly to its BTC holdings. MicroStrategy announced via a filing with the US Securities and Exchange Commission (SEC) that they plan to sell as much as $750 million in stock, some of the proceeds of which…
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Michael Saylor, Layah Heilpern and Girl Gone Crypto were among those in the crypto community that took an interest in what Australian actress Margot Robbie had to say about Bitcoin. Australian actress Margot Robbie, who plays the lead role in the new Barbie movie, has caused a stir within the crypto community after stating that…
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Berenberg Capital has revealed its bullish case for Michael Saylor’s Microstrategy ahead of the upcoming Bitcoin (BTC) halving event. In a recent research note, the investment firm said the Bitcoin halving, scheduled for April 26, 2024, serves as the primary driving force behind the firm’s positive outlook. Berenberg currently holds a price target of $430 for the Virginia-based software company, a notable…
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Bitcoin rebounded on Thursday, as markets reacted to the news that Microstrategy bought an additional $374 million worth of the cryptocurrency. Michael Saylor’s firm now has 152,333 bitcoin, worth roughly $4.52 billion. Ethereum moved closer to $1,900 on the news. Bitcoin Bitcoin (BTC) edged higher in today’s session, after it was confirmed that Michael Saylor’s…
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Microstrategy has purchased 12,333 more bitcoin for about $347 million, growing its cryptocurrency holdings to 152,333 btc. The Nasdaq-listed software company’s announcement came amid a series of positive developments in the crypto industry. Microstrategy Adds 12,333 Bitcoin to Its Holdings Business intelligence and software company Microstrategy (Nasdaq: MSTR) has expanded its bitcoin holdings. The company’s…
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With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.” Recently renewed optimism for an approved Bitcoin (BTC) spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits. Over the past week, Fidelity, Invesco, Wisdom Tree and Valkyrie have…
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According to Microstrategy founder Michael Saylor, regulators perceive no “legitimate path forward” for cryptocurrencies such as stablecoins, crypto securities, and tokens. In an interview with Bloomberg on Tuesday, Saylor emphasized that the entire industry is bound for rationalization and will undergo a significant metamorphosis into a Bitcoin-centric financial sector, leaving only a few proof-of-work tokens…
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Michael Saylor, the co-founder and former CEO of MicroStrategy, believes regulatory clarity in the US on digital assets would catalyze a surge in the price of Bitcoin. In a recent interview with Bloomberg, Saylor predicted that BTC would increase by 10x in value after the public realizes Bitcoin’s true potential.“The next logical step is for…
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The MicroStrategy co-founder believes crypto-related regulatory enforcement action will play in Bitcoin’s favor. Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin (BTC)-focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor. In a June 13 Bloomberg interview, the Bitcoin bull explained recent…
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