The company, the largest corporate holder of the cryptocurrency, continued a string of weekly purchases that began in early November.
MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index, beginning one of the ultimate vampire attacks on the stock market.
MicroStrategy Inc., which is set to enter the Nasdaq 100 Index on Monday, announced it had purchased an additional $561 million of Bitcoin at an average price near last week’s record high.
Exchange-traded funds (ETFs), governments and MicroStrategy (MSTR) own nearly one-third of all known Bitcoin (BTC) holdings.
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Bitcoin hit a new all-time high, while MicroStrategy continues stacking BTC and prepares for it’s Nasdaq 100 stock listing. Ripple finally launched its stablecoin, with big plans for global payments and XRP integration.
Is it a perpetual money machine or a high-stakes gamble dependent on Bitcoin's price? Examining the risks, rewards, and sustainability.
Bitcoin broke another price record, rising above $107,000 Monday, after crossing $106,000 in late trading Sunday. Meanwhile, MicroStrategy, which calls itself a bitcoin treasury company, announced yet another $1.
"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.
MicroStrategy bought 5,262 BTC at an average price of roughly $106,662, the highest cost the firm has ever paid per BTC.
Coinbase is the largest cryptocurrency exchange in the U.S., offering a suite of products including Coinbase Pro and Coinbase Wallet. Its role as a custodian for spot Bitcoin ETFs has further solidified its position as a cornerstone of the crypto industry.