MicroStrategy Buys $1.1 Billion of Bitcoin
If you want exposure to Bitcoin without having to spend more than $100,000 for one coin, there are other ways to invest. You can buy fractions of a Bitcoin on crypto exchanges or brokerage platforms, invest in a Bitcoin ETF or look to crypto-related stocks and ETFs.
On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.
The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin ( BTC 1.17%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
MicroStrategy (MSTR) stock has been on an incredible upward trajectory, delivering jaw-dropping returns for its investors. In 2024, the stock soared an astounding 358.54%, vastly outpacing the S&P 500 Index’s ($SPX) 23.
MicroStrategy continues its Bitcoin acquisition strategy with a new $1.1 billion purchase of 11,000 BTC, as announced by Michael Saylor.
The MicroStrategy CEO is buying as much of the cryptocurrency as he can. Some big-name investors are going along for the ride.
On Jan. 21, MicroStrategy ( MSTR, Financial) will vote to boost its authorized Class A common share count from 330 million to 10.3 billion. The move is to raise $2 billion of funds from its preferred stock offering in order to secure money for its Bitcoin (BTC) acquisition strategy.
Michael Saylor’s Bitcoin strategy has attracted plenty of fanfare. Basically, MicroStrategy (NASDAAQ:MSTR) borrows money to buy more Bitcoin. The publicly-traded corporation currently owns about 2% of the world’s total Bitcoin supply,
As trader, the rise of corporations with largest Bitcoin holder is a trend worth monitoring as it reshapes boundaries of traditional & digital finance
MicroStrategy stock is testing a closely watched level as bitcoin prices have risen. So, is it time to buy, sell or hold?
Bitcoin, the flagship cryptocurrency, made headlines as it surged past $100,000 for the first time, hitting new records more than once since. This rally followed two days of digestion after the previous week’s milestone,