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MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge

Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds.The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quarter, including another 155 in October, according to MicroStrategy’s Nov. 1 results

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The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance

A U.S. senator, Tommy Tuberville (R-Ala.), also accused his company of being a tool of Chinese investors. Kaplan responded, saying that while HashKey Group, the digital assets and blockchain arm of Chinese conglomerate Wanxiang Group, still owns about 20%, it has no access to the company’s data or technology. He

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Elon Musk’s $1 Billion Bitcoin Sale From Tesla’s Bag Is A Drop In The Ocean – Binance Chief CZ

Summary: 75% of the Bitcoin owned by Tesla was sold off according to the company’s Q2 2022 earnings report.Elon Musk’s automobile maker supposedly chose to bolster cash reserves with the sale.The move strengthened Tesla’s balance sheet with almost $1 billion at current market prices. Billionaire Musk stressed that the sale does not

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‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B Bitcoin bag

Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price bounces at $29,700Data from Cryptox Markets Pro and TradingView showed BTC/USD plumbing lows of $29,731 on Bitstamp.The first trip under the $30,000

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Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability

Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector.Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought fresh

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‘Stop panic selling’ — Bitcoin whales bag spare BTC as exchange balances fall

Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers.Data from on-chain monitoring resource CryptoQuant shows that as of late December, Bitcoin exchanges have begun to shed their BTC reserves once more.BTC conspicuously attractive at current levelsAfter a period

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