MicroStrategy Acquires 12,000 More BTC With Convertible Senior Notes Proceeds

March 11, 2024
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MicroStrategy (MSTR) has purchased 12,000 more bitcoin (BTC) mostly funded by the $782 million raised from its recent convertible deft offering.

The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion. MicroStrategy acquired its latest batch of BTC for ~$68,477 per coin, Saylor said in a post on X on Monday. In total, the company acquired the bitcoin for $821.7 million, using the proceeds from the debt raise and excess cash.

news Congress may consider a bill to classify stablecoins – cryptocurrencies whose values are pegged to a fiat currency or other assets – as securities. In a draft bill published Tuesday, Rep. Sylvia Garcia (D-Texas) introduced legislation to the House Financial Services Committee to regulate stablecoins under the Securities Act of 1933, seeking to provide clarity…

Planting Bitcoin Part One: Species

Dan Held is the founder of crypto portfolio service Picks & Shovels. He previously founded data service ZeroBlock, which sold to Blockchain, and served as VP of product at ChangeTip. This exclusive opinion piece is part of CoinDesk's "Bitcoin at 10: The Satoshi White Paper" series. Bitcoin's origin is akin to planting a tree. It…

South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report

South Korea will start a pilot for a central bank digital currency (CBDC) involving 100,000 citizens in the first quarter of next year, the Korea Times reported on Thursday.The pilot program will be jointly operated by the Bank of Korea (BOK) and financial regulators the Financial Services Commission (FSC) and Financial Supervisory Service (FSS), according

Bitcoin’s Four-Month Bear Trend Intact Even After 16% Price Rise

markets View Bitcoin remains trapped in a four-month falling channel despite registering double-digit gains last week. Prices could pull back to former resistance-turned-support of $8,800 in the next 24 hours. The bearish case would be invalidated above $9,730. A weekly close or two consecutive daily closes (UTC) above the falling channel hurdle at $9,730 are…

BlockFi Now Offers a Crypto Deposit Account With Compound Interest

news Cryptocurrency lending startup BlockFi has launched a crypto deposit account that provides compound interest. Announcing the news on Tuesday, the firm said that the BlockFi Interest Account (BIA) is now live and offers customers an annual interest rate of 6 percent, paid on a monthly basis in cryptocurrency. That monthly interest is then compounded to…

Uniswap’s Model Is a Science Project That Could Kill DeFi

Ethereum’s launch in 2015 built off Bitcoin’s formula by enabling developers to play a more active role in designing decentralized applications, likely representing a major turning point in the history of finance by introducing smart contracts and paving the way for decentralized finance (DeFi). Ethereum quickly blossomed into the hub for the burgeoning crypto industry

CPI Report Tuesday Could Provide Next Bitcoin Catalyst

The U.S. government tomorrow will report on October inflation data.

‘Massive Adoption’ Conference Organizer Sued After Refund Delays

A would-be attendee of the canceled Massive Adoption crypto conference has sued its organizer as part of a potential class-action, alleging fraud, after a refund failed to immediately materialize. (Credit: Shutterstock)‘Massive Adoption’ Conference Organizer Sued After Refund DelaysThe organizer of the canceled Massive Adoption crypto conference, which boasted a potential audience of 1,500, is being…

A Bitcoin Wallet Is Orbiting the Earth at 5 Miles Per Second

Dec 9, 2019 at 00:38 UTCUpdated Dec 9, 2019 at 01:50 UTCCAPE CANAVERAL, FLORIDA – At exactly 12:29 EST on Thursday, a crypto wallet built by developers at SpaceChain hurtled into the stratosphere aboard a Falcon 9 rocket. When it arrived at the International Space Station, the 1kg node – only a fraction of SpaceX…

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