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news-imageOctober 31, 2024

Bitcoin: MicroStrategy Unveils A Historic Investment Plan

In a shocking announcement for the crypto market, MicroStrategy, the largest publicly traded institutional holder of Bitcoin, plans to raise a colossal $42 billion over three years to expand its already substantial portfolio.
Publisher: Cointribune
Sentiment: Positive
BTC

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cover-imageBenzinga
October 31, 2024

Coinbase On Following MicroStrategy's Bitcoin Playbook: Looking For 'Opportunities,' Says CFO, But Highlights Key Difference Between The Two Companies

Coinbase Global Inc. (NASDAQ:COIN) said it wants to expand its cryptocurrency investment portfolio and emphasized that assets held on its books, including Bitcoin (CRYPTO: BTC), are intended to be retained for the long term What Happened: During the company's third-quarter 2024 earnings call, the management was asked whether they would pursue a reserve strategy akin to MicroStrategy, a Bitcoin investment company, with over $18 billion worth of the asset on its balance sheet.

Positive
cover-imageCryptoGlobe
October 31, 2024

MicroStrategy to Raise $42 Billion for Further Bitcoin Purchases Amid Core Business Struggles

On October 30, MicroStrategy Inc. (Nasdaq: MSTR) released its Q3 2024 financial results, highlighting both its latest Bitcoin acquisition strategy and challenges within its software business. The company, known for its substantial Bitcoin holdings, announced a three-year “21/21 Plan” to raise $42 billion—$21 billion in equity and $21 billion in fixed-income securities.

Positive
cover-imageCoinPedia
October 31, 2024

MicroStrategy's Bold $42B Bitcoin Push: Inside the ‘21/21 Plan

MicroStrategy, the largest corporate holder of Bitcoin, has announced an ambitious plan to raise $42 billion over the next three years to boost its Bitcoin reserves. The plan dubbed the “21/21 Plan,” was outlined during the company's Q3 2024 earnings call, to raise $21 billion through equity and another $21 billion through fixed-income securities.

Positive
cover-imageNewsBTC
October 31, 2024

Bitcoin's Active Addresses Signals Golden Cross—What Next For BTC?

Bitcoin on-chain activity is gaining momentum as a CryptoQuant analyst, known as ‘Yonsei Dent,' recently pointed to a potential golden cross within the active addresses metric. This indicator tracks the number of unique addresses engaging with the Bitcoin network, providing insights into the network's overall activity, investor involvement, and possible market directions.

Positive
cover-imageThe Currency Analytics
October 31, 2024

Arthur Hayes: China's QE to Boost Bitcoin's Value

Arthur Hayes, co-founder of BitMEX, has recently shared insights suggesting that China's plans for quantitative easing (QE) and economic stimulus could significantly benefit Bitcoin (BTC). As China grapples with economic challenges, including a faltering property market, Hayes believes that the influx of cash into the economy will prompt more people to seek inflation-resistant assets like Bitcoin.

Positive
cover-imageCoingape
October 31, 2024

Spot Bitcoin ETFs Cross 1,000,000 BTC Holdings In Just 10 Months

The spot Bitcoin ETFs continue to hit new milestones every passing day as they surpass 1 million BTC holdings within just 10 days of launch. BlackRock's iShares Bitcoin Trust (IBIT) has delivered formidable performance and has been at the forefront of the majority of inflows happening over the past few weeks.

Positive
cover-imageBenzinga
October 31, 2024

Missed Jumping On The Bitcoin Bandwagon? Anthony Scaramucci Says It's Not Too Late To Climb Aboard

Anthony Scaramucci, CEO of SkyBridge Capital, suggested that it's not too late for investors to get on board the Bitcoin (CRYPTO: BTC) boat, as the leading cryptocurrency approaches its all-time high. What Happened: On Tuesday, Scaramucci, a passionate Bitcoin advocate, encouraged those who feel they've missed out on the cryptocurrency's recent surge to reconsider.

Negative
cover-imageThe Currency Analytics
October 31, 2024

Bitcoin Faces Potential Capitulation Before 2025 Surge

Bitcoin (BTC) continues to hover around the crucial $70,000 mark, analyst Benjamin Cowen has shared insights on the cryptocurrency's potential trajectory in the coming months. With a significant macroeconomic data release on the horizon, Cowen warns that Bitcoin may face a capitulation event before embarking on a bullish rally in 2025.

Positive
cover-imageCoinPedia
October 31, 2024

Bitcoin Price Prediction: How High Might BTC Reach by Year-End?

Michaël van de Poppe, a seasoned crypto analyst, has recently shared an optimistic timeline for Bitcoin's potential price movements. His insights suggest that Bitcoin is on the verge of retesting its all-time high (ATH) in the coming weeks, highlighting a setup for significant price increases.

Positive
cover-imageCoinPedia
October 31, 2024

Will Bitcoin Price Hit $100K in Next 30-Days?

Bitcoin is on the rise, inching closer to its all-time highs and currently sitting just under 1% below the peaks reached earlier in 2024. This surge raises the intriguing question of how much further the price could climb and who is behind the significant demand for Bitcoin.

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