by Melissa Adams | Sep 25, 2023 | Cryptocurrencies
Key Points
- Michael Saylor’s MicroStrategy has acquired an additional 5,445 BTC at an average price of $27,053 per Bitcoin.
- The company now holds 158,245 BTC worth over $4.68 billion purchased at an average price of $29,582 per bitcoin.
MicroStrategy has continued with its Bitcoin buying spree as it acquired an additional 5,445 BTC, taking its total tally to 158,245 BTC.
MicroStrategy continues investing in Bitcoin
MicroStrategy indicated in August via a court filing that it was preparing to buy more bitcoin from the sale of shares. At the time, it had added 14.5 million USD worth of Bitcoins two months after buying a whooping 12,333 BTC.
With its most recent purchase, the company now holds over $4.68 worth of Bitcoin and is still expecting to keep buying more. Michael Saylor has been vocal about Bitcoin and its role in the global financial landscape, insisting that it is the solution to the increasing loss of value in fiat currencies.
He led MicroStrategy to first buy Bitcoin in 2020, where he was bashed after the company made significant unrealized losses on its investments. However, the company has continued “filling its bags” till now, where every of their coin is in profits.
Saylor is a staunch believer in the revolutionary power of the crypto industry, and under his leadership, it is expected that MicroStrategy will continue investing in Bitcoin and supporting it. Keep watching Fintech Express for more updates on this and other fintech-related developments.
by Samuel Mbaki | Aug 2, 2023 | Cryptocurrencies
Key Points
- MicroStrategy has added another 14.5M worth of Bitcoin after adding 12,333 in June.
- The company says it plans to raise upwards of 750 million dollars to invest in the currency, among other corporate duties.
MicroStrategy’s Bitcoin buying spree continues as the company bags 14.5 million dollars worth of Bitcoin amid a bigger plan to invest over $ 750 million more in the coin. The increased interest from MicroStrategy comes as its chair Michael Saylor thinks the next wave of institutional investments is imminent.
Saylor keeps filling MicroStrategy’s Bitcoin bags
Saylor’s MicroStrategy now holds 152,800 bitcoins worth over $4.53 billion after adding 467 more coins at $14.5 million. The company has also released a filing indicating that it plans to raise as much as $750 million via share sales to invest in the coin, among other general corporate purposes.
The $750 million would be allocated to Bitcoin investment and other roles like working capital deployment and debt repurchase. Saylor has been vocal about investments in Bitcoin for multiple years now. He started buying Bitcoin in 2020, citing the need for the company to hold cash due to an eroding threat of inflation.
He was bashed for the company losing millions in unrealized losses over the bear market from November 2021 through 2023. However, MicroStrategy continued “filling its bags” till Q2 2023, when it added over 12.3K bitcoins. It has now added 467 more coins and plans to keep buying as it is raising money to add to its capital.
Saylor is a strong believer in Bitcoin, and now that BlackRock and other TradFi institutions have started flocking into Bitcoin ETFs, he thinks that it’s “the best thing that ever happened to Bitcoin,” meaning he would keep buying the coin. Keep watching Fintech Express for more updates on this and other fintech-related developments.
by admin | Jun 28, 2023 | Cryptocurrencies
Key Points
- MicroStrategy boss Michael Saylor has announced a new acquisition of Bitcoins by the company.
- The company now holds the most coins for an institution, 152,333, after acquiring 12,333 new coins at an average price of $28,136.
MicroStrategy has pushed its limits in Bitcoin acquisition after buying $347M worth of Bitcoins at an average cost of $28,136 per coin. The institution now holds 152,333 coins worth around $4.52 billion, acquired at an average cost of $29,668 per Bitcoin.
MicroStrategy fills its Bitcoin bags yet again, is institutional demand spiking?
Michael Saylor is an outspoken Bitcoin Maximalist who has been pushing people to adopt the coin. He has been speaking on social media and live events about how the coin could support innovation quoting its ever-growing use cases and how it could help deal with most of the digital problems that have been an issue in the world.
He recently stepped down from being the CEO of MicroStrategy, a move that many said could result from his multi-billion Bitcoin acquisition project. However, he came out to debunk the theory saying that he stepped down to have time to focus more on the investment and monitor it more closely.
Now, the company has added $347 million worth of bitcoins taking the whole sum to over $4 billion. The investment is already in profits as it was acquired at an average price of $29,668 per coin, while the coin is trading at $30,275. Bitcoin is expected to keep rising as institutional demand is set to increase.
Blackrock, Fidelity, and other Traditional Finance institutions are swooping in to introduce Bitcoin ETFs, which will most likely kickstart a soft mainstream adoption of the coin. As a result, the price of the coins is set to spike over the long term. However, market conditions could change as nothing is promised.
Keep watching Fintech Express for more updates on crypto and other fintech-related developments.
by Chelsea Florence | Mar 23, 2024 | Cryptocurrencies
Key points
- Bitcoin has recorded new ATHs after breaking free from a long crypto winter period ahead of its scheduled completion of the halving process this April.
- Argentinians have been seeking to hold even more bitcoins recently with the coin registering record high demand since 2021.
Bitcoin keeps breaking records ahead of its April 2024 halving schedule. The coin has already broken its ATH prices in multiple currencies including the US dollar as its demand keeps rising. Now, a report from Bloomberg shows that the country’s demand for the coin is at a 20-month high.
Bitcoin continues to rally ahead of halving cycle
Bitcoin continues to make new records as its price rallies and demand keeps growing. Aside from BlackRock and MicroStrategy holding over 1% each of the coin’s maximum supply, retail investors are also waking up to the coin ahead of its April 2024 halving schedule.
Countries that invested in Bitcoin like El Salvador are already in profit while others continue to welcome the coin via different approaches like ETFs and setting up regulations. Bitcoin has long been seen as a hedge against inflation and devaluation of fiat currencies which stems from the coin’s original purpose.
In 2023, multiple fiat currencies lost over 50% of their values against the US dollar which has driven citizens of the affected countries to look for safer havens for their fortune. In Argentina, Bitcoin happens to be one of the options to hedge against inflation. The Argentinian Peso has plummeted fourfold YoY.
As a result, citizens of the country are trying to find ways to recover from the aftershocks of the market crash of the peso. According to .crypto exchange Lemon Cash data, about 35,000 customers invested in Bitcoin in the week ending March 10, a statistic double the weekly average recorded in 2023.
Other exchanges in the region like Ripio and Belo also showcase similar data.
This material is meant for educational and recreational purposes only. It is not financial advice in any way; therefore, damage caused by the information provided here is not liable to the company or the writer in question. Please make due diligence and conduct your own research before taking any action prompted by the information provided above.
For more resources like this one, keep watching our website and remember to follow our socials to stay ahead of the curve. Thanks for believing in us. Your support is appreciated.
X.com Linkedln Truth Social Reddit
Do you like our content and would love to support us more? You can use these addresses.
Ethereum: 0xe6814Bf3B50691BC1697E4B2717f5d204b67C7f6
Bitcoin: bc1qpeuuw7szfdkqd7hp66uhkas4huha8qkwxdgxtg
BNB Chain/BEP 20: 0xe6814Bf3B50691BC1697E4B2717f5d204b67C7f6
by admin | Aug 5, 2023 | Learn
Introduction:
The cryptocurrency market has been a subject of fascination and scrutiny in recent years, with its potential to revolutionize the financial landscape. As the world shifts towards digitalization and decentralized technologies, cryptocurrencies have emerged as a legitimate asset class attracting a diverse range of investors.
For savvy investors and financial enthusiasts, recognizing the signs that indicate the onset of a bull market in cryptocurrencies is paramount. In this article, we will delve into the key indicators that suggest the crypto market is entering a bullish phase, offering valuable insights to potential investors seeking to capitalize on this transformative opportunity.
How to Spot Signs That the Crypto Market is Embracing a Bullish Resurgence
1. Exponential Price Surge:
One of the most prominent hallmarks of a bull market in the cryptocurrency space is a significant and sustained price surge. During these phases, major cryptocurrencies like Bitcoin and Ethereum experience remarkable price appreciation, often reaching new all-time highs. Such upward movements are driven by a surge in demand from both retail and institutional investors seeking to benefit from the potential growth.
2. Institutional Involvement:
The entry of institutional players into the crypto market is a defining characteristic of a bull run. Established financial institutions, hedge funds, and corporations recognize the allure of cryptocurrencies as a store of value and a hedge against inflation. Their increasing involvement brings credibility and liquidity to the market, amplifying the bullish momentum.
3. Rising Trading Volumes:
A crucial indicator of a bull market is a noticeable surge in trading volumes across cryptocurrency exchanges. As more investors participate in the market, trading volumes escalate, signaling growing interest and confidence in the asset class. High liquidity and increased trading activity often perpetuate further price gains.
4. Favorable Regulatory Developments:
Positive regulatory developments can act as a catalyst for a bull market in the crypto space. Clear and supportive regulatory frameworks implemented by governments and financial authorities boost investor confidence and attract institutional capital. Clarity on taxation, security measures, and anti-money laundering measures encourage responsible investment, fueling the market’s upward trajectory.
5. Improved Market Sentiment:
Market sentiment plays a pivotal role in the crypto market’s movements. A bullish resurgence is often accompanied by a shift towards positive sentiment as investors perceive cryptocurrencies as promising assets. Optimistic sentiment is further reinforced by media coverage, prominent industry figures expressing confidence in the market, and positive social media engagement.
6. Innovative Technological Advancements:
Technological advancements within the crypto space are critical catalysts for a bull market. Developments such as improved scalability, enhanced security protocols, and interoperability solutions captivate investor interest. As blockchain projects push the boundaries of innovation, enthusiasm for cryptocurrencies rises, leading to increased demand and higher valuations.
7. Growing Adoption and Real-World Use Cases:
Bull markets coincide with increased adoption of cryptocurrencies in real-world use cases. From payment gateways to decentralized finance (DeFi) platforms, cryptocurrencies find practical utility beyond speculative investments. Adoption by mainstream merchants and corporations further validates the potential of cryptocurrencies, attracting more investors to the market.
During a bull market, not only do major cryptocurrencies thrive, but altcoins also experience a surge in value. Altcoins are alternative cryptocurrencies to Bitcoin and Ethereum, representing a diverse range of projects and tokens. Investors diversify their portfolios, seeking potentially higher returns in lesser-known projects during the altcoin season.
Conclusion:
As the cryptocurrency market gains traction and becomes increasingly integrated into the global financial landscape, recognizing the signs of a bull market is of paramount importance. Exponential price surges, institutional involvement, rising trading volumes, favorable regulatory developments, improved market sentiment, technological advancements, growing adoption, and altcoin outperformance are all key indicators to monitor.
For investors seeking to capitalize on this transformative opportunity, a cautious and informed approach is essential. The crypto market remains highly volatile and unpredictable, necessitating due diligence and risk management. As the crypto market embraces a bullish resurgence, those who navigate these waters with prudence and insight stand to reap substantial rewards in this new era of financial innovation.
