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Blockchain technology is coming to the aid of another legacy financial industry. Meanwhile, the race to accumulate Bitcoin continues to heat up. Go to Source Powered by WPeMatico
“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin. Go to Source Powered by WPeMatico
On March 26, the Luna Foundation Guard (LFG) held 24,954.95 bitcoin and during the last five days, LFG’s bitcoin wallet accumulated 5,773.02 bitcoin. At the time of writing, LFG’s wallet now holds 30,727.97 bitcoin worth more than $1.4 billion using today’s exchange rates. In a relatively short period of time, LFG’s bitcoin wallet is up … Read more
The Bitcoin wallet belonging to Terra amassed a further $139,000,000 in Bitcoin, bringing its total coffers up to 31,000 BTC or $1.47 billion. Go to Source Powered by WPeMatico
Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries … Read more
The price of Bitcoin is $47,806 at the time of publication, making MicroStrategy’s current 125,051 BTC holdings worth roughly $6 billion. Go to Source Powered by WPeMatico
Institutional investors who bought BTC via on-chain transactions seem to have not sold their holdings yet, according to CryptoQuant’s CEO. Go to Source Powered by WPeMatico
In an inflationary environment, assets such as Bitcoin are becoming more attractive to corporations looking to diversify their cash holdings. Go to Source Powered by WPeMatico
The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software company Microstrategy discussed … Read more
MicroStrategy currently holds a total of 125,051 BTC acquired for $3.78 billion at an average price of $30,200 per Bitcoin. Go to Source Powered by WPeMatico