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The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries.
The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.
The CEOs of FTX and MicroStrategy commented on Senator Warren’s claim that cryptocurrency mining was killing the planet.
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Twitter saw a small spat recently between Senator Elizabeth Warren and a pair of cryptocurrency CEOs.
MicroStrategy has now spent more than $420 million on Bitcoin this quarter as it continues to invest.
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Corporate Bitcoin Whale, MicroStrategy, has announced another massive purchase of Bitcoin on Monday.
Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday.
MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin.
This week’s price movements for Bitcoin (BTC), gold, and our stock picks Robinhood and MicroStrategy.
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BTC
Bitcoin’s week turned out rather poorly, after sustaining above the $50,000 mark, which it managed to breach on September 2.
MicroStrategy Chief Financial Officer Le Phong and Chief Technology Officer Timothy Lang exercised about 30% of their options in August.
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On Aug 26, Lang exercised 10,000 options then sold all the converted shares, receiving approximately $7.1 million.
MicroStrategy’s stock, MSTR, is preparing to undergo a massive bull run in the sessions ahead.
So shows a technical setup, dubbed inverse head and shoulder, that has a history of predicting upside moves with an accuracy of 83.44%, as per Samurai Trading Academy’s research.
25% of all Bitcoin was exchanged in this key price range
The past few months have seen billions of dollars worth of Bitcoin shift from the hands of HODLers to newer holders, such as legacy institutions, technology firms, family offices, and fund managers.
In a tweet on Tuesday, Michael Saylor announced that MicroStrategy has bought 3,907 Bitcoins and now holds more than 108,00 BTC.
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