Semler Scientific, a firm that provides medical technology for early chronic disease detection, appears to be following MicroStrategy's (MSTR) Bitcoin strategy. On November 25, 2024, the medical firm shared a report stating that it had purchased a notable 297 Bitcoin (BTC) worth $29.1 million in cash.
MicroStrategy's purchase of 55,500 Bitcoin represented its largest acquisition of the asset on record, bringing its stash to $37.6 billion.
The Bitcoin market continues to see a lot of noisy behavior, as the market will pay close attention to the $100,000 level. At this point, it looks like we are simply trying to build the needed momentum to break out.
The initial crypto bullish momentum registered after the historic victory of US President-elect Donald Trump has significantly declined in the last few days. Bitcoin (BTC) price failed to reach the highly hyped target of $100k last week, thus leaving a huge room for speculation of the monthly close.
Finance veteran Raoul Pal has suggested that Dogecoin's (DOGE) growth since its launch over a decade ago has elevated it to a ‘harder' form of money than Bitcoin (BTC).
MicroStrategy, known for its massive Bitcoin holdings, is doubling down on Bitcoin, with analysts at Bernstein predicting the company could own 4% of all circulating Bitcoin by 2033. Currently holding 386,700 BTC, the firm is described as a “bitcoin magnet,” attracting billions in capital.
Microstrategy shatters records, acquiring 55,500 more BTC for $5.4 billion, pushing its massive holdings to 386,700 BTC in an unprecedented crypto dominance move. 386,700 BTC Milestone: Microstrategy Secures 55,500 More Bitcoins for $5.4 Billion Software intelligence powerhouse Microstrategy Inc.
Bitcoin is close to the $100,000 mark. Will this upward trend continue?
Battery Finance enables borrowers to use bitcoin as collateral for loans — without marking it to market — as a means to bring forward bitcoin's value.
Investment firm Bernstein has significantly raised its price target for MicroStrategy (MSTR) to $600 by the end of 2025, according to a Monday research note. Per a report by James Hunt for The Block, Bernstein's analysts, led by Gautam Chhugani, project that MicroStrategy's Bitcoin holdings could expand from its current 1.
MicroStrategy bought 55,000 bitcoin during last week for an average price of circa $98,000 amounting to $5.4 billion.
MicroStrategy acquired 55,500 BTC for $5.4 billion, increasing its total holdings to 386,700 BTC, valued at approximately $38 billion.
Brian Q, an expert at on-chain analytics firm Santiment, shared his insights into controversies in retail sentiment in the past seven days. It looks like Bitcoin (BTC) might be disappointing for the crowd, while some old-school altcoins are in the spotlight again.
MicroStrategy Inc. has made another significant Bitcoin acquisition, adding $5.4 billion worth of the cryptocurrency to its reserves. This marks the company's third purchase in November as it accelerates its Bitcoin accumulation strategy.
Recently the crypto market wiped $500 million in liquidations over the past 24 hours due to Bitcoin's price fluctuation. Long traders were hit hardest, with over $366 million in long positions liquidated. Short positions also faced losses, with $129 million wiped out.
In a latest development, El Salvador's President Nayib Bukele, has hinted at an innovative plan to enhance its Bitcoin mining operations. Notable, this idea was sparked through an X post which highlighted that El Salvador has mined 474 Bitcoins now worth $46 Million using volcano -fueled geothermal power.
Tether has minted $3 billion in USDt tokens across Ethereum and Tron as Bitcoin nears $100,000, signaling rising demand amid a historic crypto rally.
Bitcoin led the charge with highest liquidations among cryptocurrencies.
Crowdfunding platform Timestamp wants to offer a funding alternative for Bitcoin-based startups.
The launch of Timestamp has really piqued my interest.
As of Nov. 25, 2024, the price of bitcoin (BTC) has traded between $97,076 and $97,547 within the past hour, displaying a strong bullish trajectory across multiple timeframes. Technical indicators suggest a mixture of neutral momentum and buy signals, highlighting the potential for further growth while signaling areas of caution.
Most of the coins have come back to the green zone after a slight correction, according to CoinMarketCap.
The global cryptocurrency market is on the rise, posting a daily increase of 1.82%, with the total market cap reaching $3.37 trillion. Trading activity held steady, with a modest 0.04% uptick bringing 24-hour volumes to $203.43 billion.
Top cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and XRP (CRYPTO: XRP) are seeing declining bullish sentiment despite rising cost bases for holders. What Happened: Santiment data shows the crypto market sentiment, which had been bullish following a prolonged rally since September, cooling down, particularly for top-cap assets like Bitcoin and Ethereum.
MicroStrategy acquires 55,000 Bitcoin for $5.4 billion, boosting its holdings to 386,700 BTC amid bullish institutional sentiment.
MicroStrategy now owns nearly 387,000 BTC.
Bitcoin returns to $98,000. Crypto futures saw $500 million in liquidations amid volatility.
The latest acquisitions follow MicroStrategy's completion of a $3 billion debt offering and $2.46 billion share sale.
Bitcoin is on a tear, trading at $97,987.56, and VanEck thinks it's just getting started. The asset management giant has set an ambitious price target of $180,000 per Bitcoin, pointing to indicators that suggest the current rally is far from over.
Bitcoin is trading stubbornly below the $100,000 mark, putting the brakes on a blistering post-election rally.
MicroStrategy has again increased its Bitcoin holdings. The software company announced it purchased 55,500 BTC for $5.4 billion, bringing its total to 386,700 BTC.
MicroStrategy bought 55,500 more bitcoin over the past week for $5.4B, bringing its total holding to 386,700 BTC. MicroStrategy recently entered the top 100 U.S. publicly traded companies by market cap, briefly surpassing $100 billion valuation.
Semler Scientific expanded its Bitcoin treasury with nearly a $30 million purchase, while reporting a 58.4% BTC yield since adopting its crypto strategy. Healthcare tech company Semler Scientific boosted its Bitcoin (BTC) holdings, acquiring 297 BTC for $29.
Business intelligence firm MicroStrategy has announced its biggest Bitcoin purchase to date.
Bitcoin (BTC) stalled after coming within touching distance of $100,000 as the cryptocurrency reached a peak of $99,655 before declining to its current level. BTC is marginally down over the past 24 hours but registered a substantial decline over the weekend and dipped to a low of $95,816 late on Sunday before recovering.
Elon Musk, the Tesla billionaire, government cost-cutter and full-time X poster, sparked a fresh round of speculation over payments on the social media company he boug
Metaplanet partners with BTC Media to launch Bitcoin Magazine Japan, set to debut in early 2025. The magazine will provide news, interviews, and resources to grow Bitcoin awareness in Japan.
MicroStrategy's aggressive Bitcoin acquisition strategy could significantly impact market dynamics and influence institutional investment trends. The post MicroStrategy acquires 55,500 BTC Bitcoin for $5.4 billion appeared first on Crypto Briefing.
Microstrategy witnessed an incredible 24.7% rise in its stock (NASDAQ: MSTR) price this week. The uptrend was buoyed by Bitcoin's rally and the company's planned financial moves. Widely known for its aggressive Bitcoin hodling and accumulation strategy, Microstrategy had cited a convertible debt, that offers a 0% interest rate grabbing the market's attention.
November's expiry is due Friday at 08:00 UTC, with $9.4 billion in options expiry for bitcoin. Bitcoin's max pain price is $78,000, significantly lower than the current spot price.
Katie Stockton, Fairlead Strategies founder and managing partner, on technicals, joins 'Squawk Box' to discuss how to use technicals to trade Bitcoin, downside support for Bitcoin, and much more.
MicroStrategy appeared to have acquired another substantial BTC amount after latest bond sale.
The recent weeks have seen a bullish trend in the crypto market, with Bitcoin's price reaching new heights daily. As Bitcoin nears the significant $100K milestone, there has been a massive surge in inflow volume for ETFs. United States-based spot Bitcoin exchange-traded funds (ETFs) have recorded a staggering $3.
Dogecoin (CRYPTO: DOGE) rallied 17% over the past week, spurred by speculation around Elon Musk's X Payments platform potentially incorporating DOGE. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4254 $62.5 Billion +2.3% +17% Shiba Inu (CRYPTO: SHIB) $0.00002593 $15.3 Billion +2.7% +5.9% Pepe (CRYPTO: PEPE) $0.0000202 $8.5 Billion +1.5% -3.4% Bitcoin (CRYPTO: BTC) $98,129.53 $1.94 Trillion +0.7% +8.4% Trader Notes: Macro guru Raoul Pal highlighted that Dogecoin has outperformed Bitcoin by surging 550% since its launch, calling it “harder money” in this context and predicting potential continued outperformance.
Asset management firm and exchange-traded fund (ETF) issuer VanEck is standing firm on its bullish price prediction for Bitcoin (BTC). In a new report, VanEck says a number of key indicators the firm tracks continue to suggest that BTC is not yet in the late stages of a bull run.
Despite ongoing skepticism and FUD, Binance has reached a new all-time high in its share of the Bitcoin reserve market, solidifying its dominance.
Bitcoin is stuck. The $100,000 milestone that felt inevitable has proven to be a nearly impenetrable fortress.