Category: microstrategy

Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor

Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor

Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked about bitcoin’s intrinsic value during a question and answer session […]

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$10 billion money manager parks $100 million of treasury into bitcoin

$10 billion money manager parks $100 million of treasury into bitcoin

The list of firms purchasing bitcoin on their balance sheet continues to grow. The latest addition is the $10 billion asset manager Stone Ridge Holdings Group, which announced Tuesday that bitcoin would serve as its primary treasury reserve asset.  According to a press release, the firm said that it purchased more than 10,000 bitcoin (worth […]

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Jack Dorsey’s Square Inc Invests $50 Million in Bitcoin (BTC)

In a major announcement on Thursday, October 8, Jack Dorsey-backed Square Inc. (NYSE: SQ) announced that they have invested a massive $50 million in Bitcoin. With the total purchase amount of 4,709 BTC, the purchase happened at an average price of $10617.96 per BTC. Today, @Square announced that it has purchased $50M in bitcoin. Square […]

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Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity

Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity

The Bitcoin network has recently crossed over the 18.5 million mark, as far as the number of bitcoins currently minted into circulation. However, even though over 18 million coins have been minted to-date there’s a number of different elements that affect the distribution of all the coins in existence. Elements that affect bitcoin distribution include […]

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Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion.The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount of […]

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Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold

Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold

Galaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right now, leading up to the U.S. presidential election. While bearish on the dollar, Novogratz is bullish on bitcoin and gold but thinks that bitcoin has more upside than gold.Dangerous Time to Be in Stock Market, Buy […]

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Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours

Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours

Nasdaq-listed company Microstrategy recently bought almost 17K bitcoins within 74 hours, costing about $175 million. The CEO of this billion-dollar company used to be a bitcoin skeptic but has recently become a bitcoin bull when his company purchased $425 million worth of bitcoin.Billion Dollar Public Company Dives Into BitcoinMicrostrategy recently made history in the bitcoin […]

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