Coinbase, Marathon stocks surge as Bitcoin lights ‘fire in the cauldron’
The anticipated Bitcoin halving and potential ETF approvals have lit “some serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet. Go to Source
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Bitcoin for Christmas: MicroStrategy buys another $600M
The firm reported it held 174,530 Bitcoin as of Nov. 29 — worth roughly $6.6 billion at a price of $37,726. Go to Source
CZ, Buterin, Dorsey top crypto social media popularity charts as SBF clings to 10th place
MicroStrategy co-founder Michael Saylor and Cathie Wood, the founder and CEO of ARK Investment Management, complete the top 5 rankings for most followed crypto entrepreneurs on social media. Go to Source
Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor
The MicroStrategy co-founder emphasized that demand for Bitcoin will significantly ramp up following the halving next year. Go to Source
Bitcoin price cools off, but ‘You can never have too much Bitcoin, says Saylor
BTC price cooled off after an impressive 30% monthly gain, but MicroStrategy CEO Michael Saylor made the case for why he remains bullish on Bitcoin. Go to Source
Bitcoin price surge brings BTC-related stocks to new multi-week highs
MicroStrategy the largest Bitcoin-holding public company saw its unrealized gains on its BTC investment reach near the $1B mark as the company’s stocks gained nearly 9% on the day. Go to Source
MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC
MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per BTC, or 9% lower than the average purchase price of its entire BTC purchase. Go to Source
FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital. Go to Source
What are the 3 assets most correlated with Bitcoin?
Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. Go to Source
Crypto-centered public companies record profit beating Q2 estimates
The rise in crypto prices, as well as non-trading revenues, became key to profitability for many of these companies. Go to Source
