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news-imageSeptember 20, 2024

MicroStrategy adds 7,420 BTC to its stash, reveals $1 billion in cash for another buying round

MicroStrategy's aggressive Bitcoin acquisitions could significantly influence market dynamics and corporate treasury strategies globally. The post MicroStrategy adds 7,420 BTC to its stash, reveals $1 billion in cash for another buying round appeared first on Crypto Briefing.
Publisher: Crypto Briefing
Sentiment: Positive
BTC

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Positive
cover-imageBenzinga
September 20, 2024

Bitcoin Bears Are Facing 'Last Stand': Here's What Technical Analysts Are Saying

Veteran technical analyst CryptoCred sees a potential shift to a bullish market structure for Bitcoin (CRYPTO: BTC), suggesting the apex crypto is at a critical juncture. What Happened: CryptoCred took to his X account to emphasize the importance of using line charts for market structure analysis, noting that they “tend to be clearer as they only show the closes.

Positive
cover-imageNewsBTC
September 20, 2024

MicroStrategy's Bitcoin Stash Exceeds 250,000 BTC Following Half-Billion Dollar Acquisition

Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency's largest publicly traded corporate holder.

Positive
cover-imageThe Currency Analytics
September 20, 2024

Bitcoin Climbs Above $62K as Solana and Other Cryptocurrencies Rally

Bitcoin has surged past the $62,000 mark, reaching $62,326.36—its highest price since late August. This increase, representing a 4.07% rise in just 24 hours, follows the Federal Reserve's recent decision to lower interest rates by 50 basis points, a move that caught many analysts by surprise as they had anticipated a smaller reduction of 25 basis points.

Neutral
cover-imageCoinPedia
September 20, 2024

Bitcoin Failed to Hold $64,000, What's Next?

Bitcoin could not hold the price level at $63,800 and dropped around 1.92% to $62,573. It was moving average 20 that gave some support to bitcoin price and it again rose and reached the old all time high of bitcoin.

Positive
cover-imageBitcoin
September 20, 2024

Microstrategy Acquires 7,420 Bitcoin, Firm Now Holds 252,220 BTC

Microstrategy, led by Michael Saylor, has just completed a billion-dollar private offering before acquiring 7,420 bitcoin for approximately $458.2 million at an average price of $61,750 per coin. The company now holds 252,220 bitcoin, purchased for roughly $9.9 billion at an average price of $39,266 per coin. The year-to-date bitcoin yield stands at 17.

Positive
cover-imageCoinPedia
September 20, 2024

MicroStrategy Buys Another Half a Billion Worth Bitcoin – Report

As the cryptocurrency market shows signs of recovery, MicroStrategy, the largest corporate Bitcoin (BTC) holder made a big move by purchasing 7,420 BTC worth $458.2 million. It took six days to accumulate this substantial BTC at an average price of $61,750, according to the on-chain analytics firm Lookonchain. MicroStrategy bought another 7,420 $BTC($458.

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