Microstrategy bought 328 bitcoin for about $15 million with an average price of $45,710 per BTC. That means they basically bought the bottom of the current range.
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GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
Everyone should take a moment to check out the crypto whale Su Zhu from Three Arrows capital on “Only up.”
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.
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.