23 days ago

MicroStrategy Continues Bitcoin Buying Streak: 15,400 BTC Added This Monday

As November concludes and December begins, business intelligence firm MicroStrategy has significantly accelerated its Bitcoin (BTC) acquisitions , slightly surpassing the milestone of 400,000 BTC in its portfolio. This purchase surge comes just over a month after the company announced ambitious plans to raise $21 billion through stock sales to fund additional Bitcoin acquisitions. $1.5 Billion From Stock Sale Into Bitcoin In the past week alone, MicroStrategy sold 3.7 million MSTR shares , generating approximately $1.5 billion in proceeds, which were promptly reinvested into Bitcoin. This marks the fourth consecutive week of Bitcoin purchases by the company. According to Bloomberg data , MicroStrategy has approximately $11.3 billion remaining in stock issuance under its at-the-market share program. This initiative is part of a broader goal to reach $21 billion in funding through fixed-income securities by 2027. The most recent filing with the US Securities and Exchange Commission (SEC), shows that the company acquired 15,400 Bitcoin from November 25 to December 1, at an average price of about $95,976 per token. Since November 11, the company has invested over $13.5 billion in BTC in three batches, bringing its total holdings to approximately $38 billion, or 402,100 BTC as of today, at an average purchase price of $56,658 per coin. Crypto Mining Firms Shift Strategies MicroStrategy’s aggressive purchasing strategy has attracted attention from other companies looking to replicate its success. For instance, MARA Holdings , a cryptocurrency mining company, announced on Monday that it had acquired $618 million worth of Bitcoin over the past two months. The company is also pursuing a $700 million convertible senior note offering, with plans to allocate some of the net proceeds towards further Bitcoin purchases. This trend is notable, particularly as crypto mining stocks have struggled this year, especially after the Halving of Bitcoin rewards in April. This event has prompted miners like MARA to adopt a treasury strategy focused on accumulating Bitcoin rather than selling it. Despite experiencing a 44% drop earlier this year, MARA’s shares have rebounded and are currently up 8% year-to-date. Similarly, Riot Platforms, another mining company , has announced plans to temporarily halt the sale of mined BTC in order to increase its holdings after seeing its share value drop 20% this year, following a significant 59% drop in September. At the time of writing, the market’s leading cryptocurrency is trading at $95,180, down 1.6% in the 24-hour time frame. This has been a continuous pattern over the past 10 days, as the BTC price has been consolidating between $91,000 and $98,000, failing to retest its record high of $99,540 and the evasive $100,000 milestone. Featured image from DALL-E, chart from TradingView.com

NewsBTC

You can visit the page to read the article.
Source: NewsBTC

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Henrik Zeberg Predicts Solana’s Value Growth in Near Future

Henrik Zeberg sees potential value increase for Solana soon. He believes altcoins will outperform Bitcoin in the current cycle. Continue Reading: Henrik Zeberg Predicts Solana’s Value Growth in Near Future The post Henrik Zeberg Predicts Solana’s Value Growth in Near Future appeared first on COINTURK NEWS . NewsBTC

Donald Saves Crypto (DONALCRY) Solana Memecoin to Surge 18,000% Before Exchange Listings, As WIF, PEPE and SHIB Underperform

Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. NewsBTC