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Victoria, Seychelles, January 5th, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, is excited to announce the listing of Swarms (SWARMS) in its Innovation, AI, and Meme Zone. This latest addition underscores Bitget’s focus on supporting innovative projects that push the boundaries of blockchain technology and artificial intelligence. Trading for SWARMS/USDT opens on January 2, 2025, at 10:00 (UTC) , with deposits already available and withdrawals set to begin on January 3, 2025, at 11:00 (UTC) . Swarms is positioned as a transformative multi-agent large language model (LLM) framework, offering developers the tools to automate and streamline business operations with ease. It provides a robust platform designed to address the complexities of operational workflows through intelligent automation. The Swarms ecosystem features: Diverse swarm architectures tailored for various business applications. Seamless integration capabilities with third-party platforms to extend functionality. User-friendly solutions that simplify complex business processes for enhanced efficiency. Through its advanced LLM framework, Swarms enables developers to build intelligent, scalable agent ecosystems, automating intricate workflows and driving operational effectiveness. This innovation reflects the growing synergy between AI and blockchain technologies, providing a glimpse into the future of decentralized and automated systems. To mark the listing of Swarms, Bitget is launching a 7-day limited-time promotion. During this period, users can purchase SWARMS using credit or debit cards without incurring transaction fees. The promotion supports over 140 currencies, including EUR, GBP, AUD, TWD, and more, ensuring broad accessibility for users across the globe. Bitget’s inclusion of Swarms in its Innovation, AI, and Meme Zone highlights its commitment to fostering the adoption of cutting-edge technologies within the blockchain ecosystem. By offering users seamless access to projects like Swarms, Bitget continues to bridge the gap between innovative solutions and the cryptocurrency community. For more details on Swarms (SWARMS) and the limited-time promotion, users can visit here . About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use . Contact Public Relations Media Bitget media@bitget.com
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MicroStrategy Adds 1,070 BTC to Holdings with $101M Purchase
MicroStrategy , the Bitcoin investment firm led by co-founder Michael Saylor, has made another significant addition to its Bitcoin holdings. On Jan. 6, 2025 , Saylor announced on X that the company purchased an additional 1,070 BTC for approximately $101 million , with an average acquisition price of $94,004 per Bitcoin . This purchase brings MicroStrategy’s total Bitcoin holdings to an impressive 447,470 BTC , acquired at an aggregate cost of $27.97 billion , with an average price of $62,503 per Bitcoin . Details of the Purchase New Acquisition Amount Purchased : 1,070 BTC Total Cost : $101 million Average Price : $94,004 per Bitcoin Total Holdings Total BTC Held : 447,470 BTC Aggregate Cost : $27.97 billion Average Price : $62,503 per Bitcoin Significance of MicroStrategy’s Latest Investment MicroStrategy’s continued accumulation of Bitcoin reinforces its long-standing belief in Bitcoin as a premier store of value and a hedge against fiat currency inflation. Key Highlights Confidence in Bitcoin’s Long-Term Value : The premium paid in this purchase—$94,004 per Bitcoin, significantly above its current average price—signals strong confidence in Bitcoin’s potential for future growth. Market Leadership : With 447,470 BTC, MicroStrategy remains the largest corporate holder of Bitcoin, outpacing competitors in its aggressive acquisition strategy. Market Reaction to the Purchase The announcement has sparked discussions in the crypto community, with some viewing it as a bullish signal for Bitcoin, while others express concerns over centralized ownership by corporations like MicroStrategy. Impact on Bitcoin’s Price While the purchase reflects institutional confidence, its immediate impact on Bitcoin’s price appears muted as the crypto market grapples with broader macroeconomic factors. MicroStrategy’s Bitcoin Strategy Why Bitcoin? Store of Value : MicroStrategy views Bitcoin as “digital gold” that preserves purchasing power over the long term. Hedge Against Inflation : Amid global economic uncertainties, Bitcoin serves as a hedge against fiat currency devaluation. Aggressive Accumulation MicroStrategy’s strategy has been characterized by its consistent acquisitions, regardless of Bitcoin’s price volatility. Comparison to Other Bitcoin Holders Entity BTC Holdings Average Price Paid (Estimated) MicroStrategy 447,470 BTC $62,503 Tesla ~10,725 BTC ~$30,000 Marathon Digital ~13,000 BTC ~$18,000 FAQs Why does MicroStrategy keep buying Bitcoin? MicroStrategy views Bitcoin as a long-term asset that offers protection against inflation and fiat currency depreciation. What is the significance of this purchase? The latest purchase highlights MicroStrategy’s commitment to accumulating Bitcoin, even at premium prices, reflecting confidence in its long-term value. How does MicroStrategy’s average price compare to the current market price? MicroStrategy’s average price of $62,503 per Bitcoin is well below its recent purchase price of $94,004, indicating the firm’s willingness to pay a premium for continued accumulation. What does this mean for the crypto market? MicroStrategy’s acquisition signals ongoing institutional interest in Bitcoin, potentially boosting market confidence in the asset. How many Bitcoin does MicroStrategy now hold? MicroStrategy holds a total of 447,470 BTC , acquired at an aggregate cost of $27.97 billion . Conclusion MicroStrategy’s acquisition of an additional 1,070 BTC for $101 million reaffirms its unwavering commitment to Bitcoin as a strategic reserve asset. With total holdings now at 447,470 BTC , the company’s aggressive strategy positions it as a leading institutional advocate for Bitcoin’s future potential. As the crypto market evolves, MicroStrategy’s bold moves continue to underscore Bitcoin’s role in institutional portfolios, paving the way for broader adoption and interest in the digital asset. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries. CryptoIntelligence
Hong Kong Deepfake Scam Group Caught Pretending to Be Rich Single Women
Notebooks seized by local law enforcement revealed elaborate methods to dupe users out of their money, which included deepfakes. CryptoIntelligence
