Microstrategy has bought more than $1 billion BTC. They bought 19,452 Bitcoins for an average price of $52,765 per bitcoin. They now have 90,531 Bitcoins at an average price of $23,985.
CryptoCurrency News from around the World and beyond. This section focuses on what is happening with cryptocurrency now. So that is things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new ICOs, upcoming forks, etc.
Square bought 3,318 more bitcoins for a total of $170 million. This follows a previous purchase and recent purchases by Microstrategy and Tesla.
Microstrategy bought, Tesla bought, and we rallied. ETH fees were high, funding was high, longs go squeezed, NASDAQ went down, the yield curve went up, and we crashed.
Robinhood clarified in a Tweet yesterday that they intend to offer a more complete crypto experience by offering send/receive functions for their cryptocurrency customers.
ETCG is currently trading at or near a negative premium. This is far from the norm for Grayscale products.
Coinbase is going to allow staking on ETH2. This is a big deal, as you’ll be able to lock up your ETH and take it on Coinbase for up to 7.5% APR.
Tesla converted about 10% of its balance sheet to Bitcoin last week, spending a total of $1.5 billion of its roughly $19 billion in cash holdings on Bitcoin.
Coinbase is forgoing an IPO and will go public via direct listing when it launches. The expected price is $200, putting it at about a $75 billion market cap.
In cryptocurrency when a coin pumps the market decides what happens next.
Coinbase will launch a new service called “Coinbase Asset Hub.” This is a product that allows asset issuers to list assets and do business with Coinbase.