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news-imageOctober 31, 2024

Bitcoin News: MicroStrategy wants to raise 42 billion dollars to buy more BTC

It is called “21/21 plan” and will last three years.
Publisher: The Cryptonomist
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageCrypto Daily
October 31, 2024

Spot Bitcoin ETF buying becomes an avalanche

After the 3rd biggest inflow in terms of US dollar equivalent in BTC on Wednesday, Thursday has now seen the 2nd biggest inflow, as the U.S. Spot Bitcoin ETFs purchased another $896.3M worth of $BTC. As these massive amounts of BTC are hoovered up out of the market, the $BTC price is coiling up ready to explode higher.

Positive
cover-imageBenzinga
October 31, 2024

Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan

In a bold but unsurprising move, MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor said the company would advocate for Bitcoin (CRYPTO: BTC) as a treasury reserve asset across global finance. What Happened: During the company's third-quarter earnings call Tuesday, Saylor voiced his conviction in Bitcoin's potential to rectify the unhealthy balance sheets of both public and private enterprises.

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