bullish

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>MicroStrategy purchased another 21,550 Bitcoin (BTC), increasing its total holdings to 423,650 BTC, valued at $41.5 billion.</li> 
 <li>Riot Platforms, Marathon Holdings, and Metaplent are expanding their Bitcoin investments, inspired by MicroStrategy’s strategy.</li> 
</ul> 
<p> MicroStrategy continues to make news with its aggressive Bitcoin accumulation plan, marking five consecutive weeks of purchases.</p> 
<p>The firm recently added 21,550 BTC to its portfolio, investing roughly $2.1 billion, according to an SEC filing.</p> 
<p>This acquisition brings MicroStrategy’s total Bitcoin holdings to 423,650 BTC, valued at nearly $41.5 billion.</p> 
<p>It’s worth noting that MicroStrategy’s Bitcoin holdings account for over 2% of the total 21 million BTC supply, demonstrating the company’s commitment to the cryptocurrency.</p> 
<h2 id="microstrategy-s-bitcoin-acquisition">MicroStrategy’s Bitcoin Acquisition</h2> 
<p>The latest acquisition was funded by a $2.13 billion share sale as part of a larger $42 billion plan. This strategy underscores MicroStrategy’s reliance on share issuances and convertible notes to establish itself as one of the world’s largest Bitcoin holders.</p> 
<p>The recent Bitcoin rally past the $100,000 milestone has been a significant factor in MicroStrategy’s latest strategic acquisition.</p> 
<p>Despite a slight dip, Bitcoin remains strong, trading at $97,501.72. Technical indicators suggest that the bullish momentum is far from over.</p> 
<p>MicroStrategy’s recent Bitcoin purchase corresponds with this surge, securing its latest stash at an average price of $98,783 per coin.</p> 
<p>This move follows Bitcoin’s rapid rise from under $70,000, driven by political factors and a more crypto-friendly administration.</p> 
<h2 id="other-institutions-joining-bitcoin-investment">Other Institutions Joining Bitcoin Investment</h2> 
<p>MicroStrategy’s strategic Bitcoin acquisitions have inspired other publicly traded companies.</p> 
<p>Riot Platforms recently announced a $500 million convertible bond offering to expand its Bitcoin holdings. Marathon Holdings and Semler Scientific have also expressed similar plans.</p> 
<p>Metaplent, known as ‘Asia’s MicroStrategy,’ plans to raise approximately $62 million to bolster its Bitcoin portfolio.</p> 
<p>These developments underscore a growing trend of institutional players diversifying their financial strategies by using Bitcoin as a strategic asset.</p>

MicroStrategy Acquires Over 21K BTC, Now Possesses 2% Of Global Bitcoin Holdings

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CoinEagle.com

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