Fun

News Feed - 2023-06-29 12:06:00

Zhiyuan Sun8 hours agoMicroStrategy buys $347M worth of Bitcoin amid market thaw“DCA works,” wrote Binance CEO in response to the purchase.6276 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksOn June 28, software analytics firm MicroStrategy announced the corporate purchase of 12,333 Bitcoin (BTC), worth $347 million at the time of publication. After the transaction, the total balance of BTC owned by MicroStrategy increased to 152,333 ($4.52 billion), with an average purchase price of $29,668 apiece. 


The total average purchase price is close to the $28,136 purchase price disclosed in the day’s announcements. The coins were bought between April 27 and June 27. The purchase was partly financed with the issuance of new stock, as the company wrote:“On May 1, 2023, MicroStrategy entered into a Sales Agreement with Cowen and Company, LLC and Canaccord Genuity LLC, as sales agents, pursuant to which MicroStrategy may issue and sell shares of its class A common stock, par value $0.001 per share (“Shares”), having an aggregate offering price of up to $625.0 million from time to time through the Agents.”


As of June 28, MicroStrategy has issued and sold an aggregate of 1,079,170 shares under the agreement for total net proceeds of $337 million. Cointelegraph previously reported on April 5 that MicroStrategy added 1,045 BTC ($29.3 million) to its balance sheet. The company is led by Michael Saylor, who has been an outspoken advocate for Bitcoin and spearheading corporations’ charge to adopt the world’s largest cryptocurrency by market capitalization as a strategic asset.


MicroStrategy has been actively purchasing Bitcoin with the use of cash and stock financing during the crypto bear market, sometimes irrespective of its current price. In Q1 2023, the firm reported its first profitable quarter since 2020 due to a one-time income tax benefit. DCA works.— CZ Binance (@cz_binance) June 28, 2023


Magazine: Bitcoin 2023 in Miami comes to grips with ‘shitcoins on Bitcoin’# Bitcoin# Blockchain# Cryptocurrencies# Business# Adoption# MicroStrategyAdd reactionAdd reactionRelated NewsHow to check an Ethereum transactionA brief history of the internetGirlfriends, murdered kids, assassin androids — is AI cursed?Crypto industry ‘destined’ to be BTC-focused due to regulators: Michael SaylorExchanges pledged $2.5B to user protection funds amid FTX’s collapse: ReportBinance to implement Lightning Network nodes for enhanced Bitcoin transactions

News Feed

George Soros’ Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream
George Soros" Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream Soros Fund Management, founded by billionaire investor George Soros, has invested in bitcoin. The CEO
Curve Finance reduces CRV emissions, boosting DAO sustainability
Josh O"Sullivan11 hours agoCurve Finance reduces CRV emissions, boosting DAO sustainabilityCurve Finance’s CRV token emissions reduced to 137 million annually, while Curve DAO’s earnings surpassed emissions for the f
BlackRock’s iShares ETFs record $788M net inflow as Bitcoin bull run gathers pace
Arijit Sarkar25 minutes agoBlackRock’s iShares ETFs record $788M net inflow as Bitcoin bull run gathers paceOut of 10 approved ETFs, Grayscale Bitcoin Trust (GBTC) and Invesco Galaxy Bitcoin ETF (BTCO) were the only tw
Helen Partz10 hours agoCrypto investor protections won’t take effect in EU until late 2024Crypto asset service providers may not benefit from full rights and protections afforded to them under MiCA until as late as Jul
Martin Young5 hours agoDapper Labs makes 3rd round of cuts in 9 months amid NFT slumpNFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February.1494
Bitmain Will Not Ship Crypto Mining Equipment to China
Bitmain Will Not Ship Crypto Mining Equipment to China Mining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local reg
Tether announces restructuring to go beyond stablecoins
Helen Partz13 hours agoTether announces restructuring to go beyond stablecoinsWith the new divisions, Tether aims to expand its mission to provide a range of new infrastructure solutions, investments and services.3415 To
David Attlee2 minutes agoCity of Lugano integrates Polygon into its crypto-payment systemPolygon has been a partner for the Swiss city since at least 2022, providing the infrastructure for its stablecoin.50 Total viewsLi
With $2․4M Fundraising in Seed Round, KNN3 Network Races to Provide a Multi-Chain Relationship Aggregating Protocol for d/App and Smart Contract
With $2․4M Fundraising in Seed Round, KNN3 Network Races to Provide a Multi-Chain Relationship Aggregating Protocol for d/App and Smart Contract press release PRESS RELEASE.Web3 r
Pantera Capital’s crypto fund surges 66% amid market optimism
Ana Paula Pereira4 hours agoPantera Capital’s crypto fund surges 66% amid market optimismPantera Capital’s Liquid Token Fund reduced exposure to Bitcoin and Ether in the first quarter of 2024 while increasing allocat
OpenAI claims GPT-4o poses ‘medium risk’ of political persuasion
Tristan Greene3 hours agoOpenAI claims GPT-4o poses ‘medium risk’ of political persuasionOn the bright side, the company says there’s little risk it’ll become sentient and begin updating itself.1639 Total views6
Fed Chair Jerome Powell Dismisses Cryptocurrencies as Financial Stability Concern but Warns They’re Risky
Fed Chair Jerome Powell Dismisses Cryptocurrencies as Financial Stability Concern but Warns They"re Risky Federal Reserve Chairman Jerome Powell says that he does not see cryptocur