Recent market dynamics indicate a notable transition of investor interest from Bitcoin to Ether, as analysts forecast further potential growth in the latter. As Ether’s open interest nears unprecedented levels,
Bitcoin approaches the $100,000 milestone, driven by stablecoin inflows and strong on-chain metrics signaling bullish momentum.
Business intelligence firm MicroStrategy has significantly increased its Bitcoin (BTC) purchases this month in response to the bullish sentiment following President-elect Donald Trump’s victory on November 5. The company’s recent acquisitions have pushed its total Bitcoin holdings to approximately $38 billion. Convertible Notes Fuel Massive Bitcoin Purchase On November 25, co-founder Michael Saylor announced via social media that MicroStrategy had acquired 55,500 BTC between November 18 and November 24 for $5.4 billion. This purchase was funded by proceeds from a $3 billion convertible note issuance and sales of common shares, as detailed in a filing with the US Securities and Exchange Commission (SEC). Related Reading: XRP Price Builds a Base: Can Bulls Ignite a New Rally? Since beginning its Bitcoin acquisition strategy in 2020, Saylor has shifted from using corporate cash to a more complex funding model that involves selling convertible debt and shares. The latest convertible note was issued at a zero percent interest rate, reflecting lenders’ confidence that MicroStrategy’s stock will appreciate beyond the conversion price in the future. Jeffrey Park, a portfolio manager at Bitwise Asset Management, noted that Saylor has effectively leveraged financial arbitrage within the corporate treasury structure, allowing MicroStrategy to borrow funds at virtually no cost. Saylor also revealed that MicroStrategy’s treasury operations have yielded a substantial 59.3% in Bitcoin returns year-to-date, translating to a net gain of approximately 112,125 BTC for shareholders, or about 341 BTC per day. At a projected price of $100,000 per BTC, Saylor stated that this could mean an impressive $11.2 billion for the year, equating to roughly $34.1 million daily. Analyst Warns Of Risks In Leverage Strategy Since its foray into Bitcoin, MicroStrategy has acquired a total of 386,700 tokens, with an average purchase price significantly lower than its current market value. The latest acquisitions occurred while Bitcoin prices were nearing all-time highs, with the company purchasing the new tokens at approximately $97,862 each, slightly above their current trading price. Related Reading: Solana (SOL) Bulls Stay in Control: Rally Far From Over? However, this leveraged strategy has raised concerns among some analysts, particularly after MicroStrategy’s shares (MSTR) fell by 16% last Thursday. Critics warn that if Bitcoin’s price declines sharply, the company’s stock could suffer similarly, recalling the downturn in 2022 when the cryptocurrency market experienced significant losses. TD Cowen analyst Lance Vitanza remarked on the risks associated with leverage, stating, “When you apply leverage to anything, you amplify the returns both in the up direction and in the down direction.” He emphasized that MicroStrategy is a pioneer in applying this leverage strategy specifically to Bitcoin. At the time of writing, the market’s leading crypto is trading at $95,350, registering a price decrease of 1.7% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com
ETH/BTC begins to reverse, BTC dominance falls. Pro-crypto Bessent nominated for Treasury. BTC may reach $180k this cycle: Van Eck. CBOE to launch BTC ETF-linked options in Dec. PumpFun faces backlash on livestream content. ZA bank in Hong Kong launches crypto trading. Future of AI is agents: Salesforce CEO. Aethir to invest $100m in new crypto AI projects. Cantor Fitzgerald owns 5% of Tether. Polymarket blocks French traders. SEC commissioner to leave following Gensler. DeSci is like ‘early DeFi in 2019’. Monad rolls out testnet.
Amid rising interest, new theories suggest Satoshi Nakamoto could still be influencing Bitcoin markets through strategic wallet activity. Recent analyses reveal significant transactions from early Bitcoin wallets, raising questions about
MicroStrategy, the self-proclaimed Bitcoin development company, has announced another 55,500 Bitcoin acquisition The post Michael Saylor’s MicroStrategy Lands Fresh 55,500 Bitcoin Units appeared first on TheCoinrise.com .
Traders and investors are bracing for increased volatility among cryptocurrencies as Bitcoin ($BTC) options contracts worth $9.4 billion are set to...
Bitfinex recently reported that Bitcoin is nearing the crucial $100,000 mark, fueled by remarkable inflows into Bitcoin ETFs and heightened institutional interest. After encountering some profit-taking pressure at its peak,
MicroStrategy has completed a $3 billion offering and plans to use the funds to acquire more Bitcoin.
After a multi-week winning streak in the wake of Donald Trump’s re-election and the announcement Chair Gary Gensler will be … Continue reading The post XRP price to hit $1.60 ‘if Bitcoin doesn’t ruin party’ appeared first on Finbold .