Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High
Business analytics firm MicroStrategy has made yet another large bitcoin (BTC, -0.15%) purchase, buying a further $15 million worth.
- MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency’s all-time high.
- This latest purchase brings the firm’s total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
- At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them.
- The company’s share price has partly recovered from a month-long downturn, which saw it dip as low as $547.40 on March 5.
- MicroStrategy stock was listed at $763 in pre-market trading today and stands at $803.75 at press time.
Caruso Properties to Accept Bitcoin for Rent, Allocates 1% of Treasury to Asset
California real estate stalwart Caruso properties will now accept bitcoin (BTC, -2.3%) for rent on all its properties. In a partnership with Gemini Exchange, Caruso will now let tenants of its retail and commercial properties pay their rent in bitcoin. This makes Caruso the largest real estate manager in the United States to accept the digital asset as a form of payment. Additionally, Caruso has allocated roughly 1% of its treasury into bitcoin, according to the LA Times. Caruso’s crypto ambitions may not end at bitcoin, though. A press release shared with CoinDesk signals…04/07/2021
A new track is taking shape Who can be the leader in password authentication
Two days ago, the breakdown of the Bill and Melinda Gates’ marital relationship and the impending division of their assets over a whopping $130 billion received a great deal of attention in the country. Bill Gates has publicly sung the praises of Bitcoin and his comments have been quoted and reposted by the insider media on numerous occasions, so the divorce news has created an equally big storm among the blockchain community. However, I am more concerned with issues that are of practical relevance to us than the news of…05/09/2021
In order to build the Mobius ring planet, Baidu Xirang will soon issue XR, the token of Xirang.
The direction of Baidu Xirang’s efforts is to become a metaverse engine, providing AI and cloud computing capabilities for Xirang and other metaverse products, and the token XR (1 billion pieces) will be issued soon. Metaverse’s real-time high-brush immersive experience screen effects and multi-person interactions in the same space require massive computing power, algorithm support, and a lot of R&D investment. Therefore, technical strength will become a key part of future Metaverse competition. Baidu has maintained high-intensity R&D investment for a long time. XR will become the only token in…Business 01/15/2022
KHC — a new generation of high performance private financial public chain has officially launched
With the appearance of blockchain technology, services in the financial industry have made great progress. The blockchain brings extra vim to the cryptocurrency industry, and the emergence of DeFi on the blockchain has empowered more projects in the industry. From 2019 to 2020, the DeFi market has developed rapidly from nothing. Only one year later, the total lock-up volume of DeFi in 2020-2021 has approached $100 billion, rising more than 240 times. The popularity and drawbacks of DeFi DeFi is so popular which has become one of the hottest topics in the crypto…Business 04/28/2021
Guild Master Recruitment Event for MosaicFantasy (3A card game on chain)
MosaicFantasy is a decentralized 3A card game with technical underpinning support for cross-chain and compatibility with zk-snarks. It is dedicated to combining the rich playability of traditional games with the economic model of on-chain P2E to bring a better experience to players. Currently, MosaicFantasy APP is also currently trying to establish its access to Google Play and App store, hoping to drive more users into the web3 world. In the future, MosaicFantasy APP will become the entrance-level product for users to enter the web3 game universe, and the APP ecological board will…06/19/2022
Market Wrap: Bitcoin Trades Well Above $50K, While Ether Outperforms on NFTs, July’s Upgrade
Bitcoin (BTC) trading around $51,800.08 as of 21:00 UTC (4 p.m. ET). Climbing 3.48% over the previous 24 hours. Bitcoin’s 24-hour range: $49,390.18-$51.982.31 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on TradingViewSource: TradingView Bitcoin’s price in recent weeks has retreated from February’s all-time highs, declining alongside U.S. stocks as investors grew increasingly concerned rising U.S. government bond yields might prompt the Federal Reserve to tighten monetary policy, curtailing the easy-money era that has boosted risky assets from…03/08/2021
No Joke: Chipotle to Give Away $200K in Free Burritos and Bitcoin on April 1
Fast-casual restaurant Chipotle Mexican Grill (NYSE: CMG) said it will be giving away $100,000 in free burritos and $100,000 in bitcoin (BTC, +0.12%) in honor of National Burrito Day on April 1. In an announcement, the restaurant said it has teamed up with former Ripple Labs CTO Stefan Thomas to launch a new interactive game called “Burritos or Bitcoin.” The game has been inspired by Thomas, who famously lost the password to his hard drive that now has $387 million worth of bitcoin stored on it. Players will carry out a mock “chiptocurrency” rescue mission and…Business 03/31/2021
What is the origin of the capitalist FTS that has set the NFT market alight?
The world’s progress is a process of subversion and re-subversion, innovation and re-innovation, however, every epoch-making technological revolution has fundamentally advanced the progress of human civilization,, with Bitcoin’s ten-year 26 million investment income, and created numerous wealth myths in just a few years, the emergence of Bitcoin has also made the decentralized distributed ledger blockchain technology popular worldwide , making Bitcoin gradually The fourth industrial revolution, with blockchain as its core, will bring unprecedented changes to humanity. NFT (TNon-Fungible Token), a digital cryptocurrency on the blockchain, is divided into…05/04/2021
If Bitcoin Starts Closing Below the 50-Day SMA It May Mean Deeper Pullback Ahead
Bitcoin fell sharply on Sunday, dipping well below the 50-day simple moving average (SMA) support for the first time in six months. While the decline looks typical of a bull market correction, it could be extended further if prices find acceptance under the 50-day SMA, according to one analyst. “The loss of [bullish] momentum is only short-term in nature, but we would view consecutive closes below the 50-day SMA as a reason to move to the sidelines,” Katie Stockton, technical analyst and managing partner of Fairlead Strategies, told CoinDesk in…04/18/2021
4JNET is positioned to outperform Safemoon through a unique mechanism
Safemoon launched BSC on March 8, which rose by 200 times within less a month. That is to day, if RMB 10,000 is invested to buy Safemoon in March 3, you will have RMB 2,000,000 in April. It is pointed out that although Safemoon’s price has fallen to $0.000003, the investors may still expose to high risks if they buy Safemoon now. What can Safemoon be used for? The team frankly confessed that it is useless; if there must be one, it takes advantages of a unique mechanism to stimulate people to hoard…Business 11/06/2021