Yesterday, a couple of very positive news came out for Bitcoin, one from MicroStrategy and the other from Coinbase.
These are really great moments for Bitcoin and the crypto market, so it’s quite normal for good news to come in droves.
The latest Bitcoin news from MicroStrategy and Coinbase
The good news regarding MicroStrategy is that the company has announced its intention to raise another $500 million to purchase Bitcoin.
MicroStrategy Announces Proposed Private Offering of $500 Million of Convertible Senior Notes $MSTR https://t.co/nRxijBHsgX
— Michael Saylor (@saylor) March 13, 2024
MicroStrategy currently holds over 200,000 BTC, which is slightly less than what BlackRock’s ETF holds.
After all, just a couple of days ago the news came out that they had bought another 12,000.
So far, it has invested almost seven billion dollars to purchase 205,000 BTC at an average price of $33,700, so this huge investment is currently yielding quite a profit.
Indeed, to
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