Poilievre's crypto advocacy could reshape Canada's financial landscape, promoting decentralized finance and challenging traditional banking norms. The post Canadian PM front-runner Pierre Poilievre champions crypto and DeFi, watches Bitcoin YouTube videos appeared first on Crypto Briefing .
MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy. MicroStrategy Eyes $42 Billion Capital Raise By 2027 In a filing with the US Securities and Exchange Commission (SEC), MicroStrategy disclosed that it purchased 1,070 Bitcoin tokens at an average price of approximately $94,000 on December 30 and 31, 2024. This brings the company’s total Bitcoin holdings to an impressive 447,470 BTC, acquired for around $27.97 billion at an average price of $62,503 per Bitcoin. Notably, Saylor highlighted in a social media post on X (formerly Twitter), that the company achieved a Bitcoin yield of 48% for the fourth quarter of 2024 and 74.3% for the entire fiscal year. Related Reading: XRP Eyes $11 Breakout, But A Correction Might Come First—Analyst MicroStrategy’s ambitious plans extend beyond Bitcoin acquisitions. On Friday, the firm announced its intention to raise up to $2 billion through offerings of perpetual preferred stock, which will hold seniority over its Class A common stock. This move is part of a larger strategy to raise $42 billion in capital by 2027 through various means, including at-the-market stock sales and convertible debt offerings. With more than two-thirds of its equity goals already met, the company is expected to pivot towards fixed-income markets in the near future. The demand for MicroStrategy’s stock (MSTR) has notably increased among hedge funds, which are employing convertible arbitrage strategies that involve purchasing bonds and short-selling shares. This strategy capitalizes on the volatility of MicroStrategy’s stock, a characteristic that has become a cornerstone of its business model. Benchmark analyst Mark Palmer remarked: That volatility itself is a key element of MicroStrategy’s approach because it enables the company to tap into the capital markets and particularly the convertible bond market more easily. MicroStrategy’s recent proposal to increase the number of authorized shares of Class A common stock from 330 million to 10.3 billion has sparked fears of share dilution, leading to a significant drop in the company’s stock price. MicroStrategy’s Bold Bitcoin Strategy Faces Headwinds On the day of the proxy filing in December, shares fell by as much as 9.6%. Adam Kobeissi, founder of The Kobeissi Letter, noted the dilemma faced by investors, stating: It’s a lose-lose because on one hand you have people saying that it’s dilutive and they’re selling the stock… but on the other hand you have people saying if it doesn’t pass, then they can’t keep buying Bitcoin and the whole investment strategy is kind of broken. A vote on the share increase is scheduled for January 21, 2025, and with Saylor being a significant shareholder, the amendment is expected to pass. Should it be approved, the increase in shares could lead to further volatility in MicroStrategy’s stock price as the company becomes more leveraged. Although the company has typically outperformed Bitcoin, it has faced challenges in recent months, underlining that its performance is influenced by factors beyond just cryptocurrency prices. Related Reading: Ethereum Price on the Rise: Can Momentum Fuel Bigger Gains? Despite the recent fluctuations, Palmer maintains a “buy” rating on MicroStrategy’s stock. He believes the market’s reaction to the proposed share increase has been an overreaction. “The company’s strategy has been to issue shares to make accretive Bitcoin purchases which can accrue to the benefit of shareholders,” he commented. MicroStrategy’s aggressive approach to Bitcoin acquisitions has seen it make significant purchases exceeding $1 billion in late 2024, although recent weeks have seen a slowdown in these activities amidst fluctuating Bitcoin prices. Palmer reassured investors, stating, “We’ve seen a pull forward of the company’s strategy, which is not indicative of a slowdown… it’s more a reflection of the aggressive approach that the company has taken.” At the time of writing, the market’s leading crypto is inching closer to the $100,000 milestone, trading at $99,340, up 2% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com
Victoria, Seychelles, January 7th, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 platform, is excited to launch the Bitget x BIO Carnival , offering participants the opportunity to share a total of 86,000 BIO tokens. This initiative highlights Bitget’s commitment to promoting innovative blockchain projects that drive meaningful change in the biotech sector. BIO is an open network for biotech acceleration, directing funding to the most promising early-stage scientific endeavors. By leveraging its unique protocol, BIO enables patients, scientists, and biotech innovators to collectively fund, build, and own tokenized biotech portfolios. The BIO protocol fosters funding, incentives, and liquidity, catalyzing an on-chain scientific economy. Activity 1: PoolX – Lock BIO to Earn BIO Airdrops Locking Period: January 4, 2025, 06:00 (UTC) – January 14, 2025, 06:00 (UTC) Total Airdrop Pool: 54,000 BIO Participants can lock their BIO tokens during the PoolX event to receive airdrops. The campaign accommodates both large-scale and small-scale participants, with locking limits from 6 BIO to 600,000 BIO . Participants’ rewards will be determined by their proportional contributions to the total locked pool. Activity 2: CandyBomb – Deposit to Earn BIO Airdrops Promotion Period: January 4, 2025, 06:00 (UTC) – January 11, 2025, 06:00 (UTC) Total Airdrop Pool: 32,000 BIO Participants can join the CandyBomb promotion by depositing BIO tokens and increasing their futures trading volume. Airdrop rewards are calculated based on BIO net deposits and trading activities. This initiative aligns with Bitget’s efforts to engage its user base through interactive promotions and reward mechanisms, enhancing the trading experience for its community. Bitget x BIO Carnival shows the exchange’s agile approach to adopting trending tokens and its ability to cater to the evolving preferences of the crypto market. For more details, users can visit here. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use . Contact Public Relations Media Bitget media@bitget.com
XRP price analysts have recently turned their attention to PropiChain (PCHAIN), an innovative and revolutionary blockchain-based real estate platform. These top-rated analysts see PCHAIN as a promising alternative for investors seeking safer returns in the volatile crypto market. While the XRP price movement continues to fluctuate, PCHAIN has emerged as a standout contender, offering a unique value proposition that appeals to both seasoned investors and newcomers. With its innovative approach to tokenized real estate, PropiChain is capturing the interest of XRP price analysts, who are impressed by its potential to deliver remarkable returns of up to 12,000X. According to the XRP price analysts, PCHAIN capitalized on the stability and growth of the $600 trillion global real estate market, combined with the efficiency of blockchain technology, to offer a compelling alternative to more traditional digital assets. PCHAIN’s appeal lies in its promise of long-term stability and exponential growth potential. The XRP Price Trajectory While the XRP price has surged recently, with the asset rising by 14.7% over the last 7 days, investors are still concerned about long-term sustainability. Ripple’s collaborations with financial institutions worldwide have strengthened its reputation as a reliable digital asset. However, the XRP price has faced its fair share of challenges, including regulatory hurdles and price volatility. Despite its resilience and ongoing use cases, the XRP price movement hasn’t convinced long-term holders. These investors are increasingly exploring diversification options, and PropiChain has presented an ideal opportunity. PropiChain: A Top Contender with 12,000X Growth Potential Ahead of The XRP Price PropiChain is a blockchain-powered real estate platform that uses new-generation technologies to power the future of the global real estate market. The platform is a relatively new entrant in the crypto space and has been gaining traction for its unique value proposition. Designed as a decentralized platform for real estate tokenization, PropiChain aims to bridge the gap between traditional property markets and blockchain technology. By enabling fractional ownership of real estate assets, the platform offers investors access to high-value properties without the substantial capital typically required. This innovative model democratizes real estate investment and introduces a layer of stability often absent in the crypto market. Real estate is historically considered a “safe-haven” asset, and PropiChain’s blockchain integration ensures transparency, security, and transaction efficiency. Top XRP price analysts have pointed out that PCHAIN’s dual focus on stability and innovation makes it a compelling choice for risk-averse investors. While XRP continues to offer utility in financial systems, its price remains subject to external factors like regulatory developments. PCHAIN, on the other hand, provides a hedge against such uncertainties through its asset-backed approach. Integrating blockchain with real estate has long been touted as the next big thing, but no platform has managed to execute it effectively like PCHAIN. The platform’s clear roadmap and tangible use cases give it an edge that’s hard to ignore The 12,000x Edge: What Sets PCHAIN Apart? The claim of a potential 12,000x edge stems from PCHAIN’s strategic positioning in two high-growth markets: blockchain technology and the $600 trillion real estate. Here’s a breakdown of the factors contributing to this significant potential: Real-World Asset Backing Unlike many crypto assets like XRP price that rely solely on market speculation, PCHAIN is backed by tangible real estate assets. This real-world backing provides a cushion against extreme price swings and enhances investor confidence in the asset. Fractional Ownership PropiChain’s fractional ownership model allows small and medium-sized investors to participate in lucrative real estate markets that were previously out of reach. This inclusivity expands the investor base and boosts demand for PCHAIN, the platform’s utility token. Global Accessibility The platform’s decentralized nature ensures accessibility for investors worldwide. With blockchain’s inherent transparency, PCHAIN eliminates geographical and bureaucratic barriers typically associated with real estate investments. PropiChain’s Technological Innovation to Power the Future of Real Estate PCHAIN uses cutting-edge technologies like artificial intelligence (AI), the Metaverse, real-world asset (RWA) tokenization, and smart contracts to transform the global real estate industry. With AI-powered tools such as virtual assistants and chatbots, the platform offers investors round-the-clock support, ensuring a seamless experience throughout their investment journey. Its AI-driven market analysis features deliver predictive insights into emerging market trends, empowering investors with the knowledge to make strategic investment decisions. PropiChain enables virtual property tours through state-of-the-art 3D visualization technology by incorporating the Metaverse. This approach eliminates physical visits, creating a borderless, global marketplace where buyers and sellers can connect, interact, and complete transactions effortlessly. PCHAIN’s RWA tokenization technology transforms real estate assets into digital tokens, paving the way for fractional ownership of premium properties. This innovation significantly lowers financial barriers, making real estate investment more accessible and inclusive for a broader audience. The platform’s smart contracts also streamline property management by automating property leasing and lease renewals. By cutting out intermediaries like brokers and leasing agents, real estate investors can manage their properties more efficiently while reducing operational costs. Conclusion For these XRP price analysts, PropiChain offers crypto enthusiasts a glimpse into the future of crypto investments. With its unique blend of blockchain technology and real estate, PCHAIN is well-positioned to deliver safer returns and achieve its touted 12,000x edge. According to the analysts, your $1000 investment in the ongoing PCHAIN presale would yield over $328,432 in profit before the end of Q1 2025. The project raised over $1.3 million during its first token presale and has crossed the $640,000 mark in the ongoing second presale round, which shows investor confidence in PCHAIN’s profit potential. After this presale round, the token price will rise by over 109% for the final presale round. Join the PCHAIN presale now for life-changing gains and a low entry price. The token is listed on CoinMarketCap , a sign of the project’s mission to take the crypto space by storm. BlockAudit , a top-rated blockchain security company, audited the PCHAIN smart contract and found no vulnerability. For more information about PropiChain presale: Website : PropiChain Join Community : https://linktr.ee/propicha
The cryptocurrency market is experiencing a surge in activity as Ethereum (ETH) continues its upward trajectory, leading to increased interest in trending Ethereum-based tokens. Meanwhile, Ripple (XRP) has surpassed the $3.5 mark, reinforcing its position as a major player in the crypto landscape. This bullish environment has also sparked interest in Lightchain AI , a new project that has raised over $8.5 million in its presale, priced at $0.004875 per token. Ethereum’s Price Surge and the Growing Demand for ETH-Based Tokens Ethereum (ETH) has had a big jump in price lately, caused by a few main reasons. Interest from large groups has gone up a lot, with much money coming into Ethereum spot ETFs. For example, U.S.-listed Ethereum ETFs got $428 million in net money on December 5, 2024 showing more trust among large investors. Also, Ethereum’s lead in the money without a middleman (DeFi) area keeps pushing up need. The system’s job in changing real-world items into tokens, a market worth about $100 trillion, makes it even more attractive. Ethereum now has a strong 81% share of the market͏ in tokening which shows its key part in the future of block chain tech. These changes have not just raised Ethereum’s market size but have also increased interest in ETH tokens, showing the platform’s growing power in the crypto world. Ripple Surpasses $3.5, Attracting Renewed Interest from Investors Ripple’s XRP has recently surpassed the $2.45 mark, attracting renewed interest from investors. This surge is partly due to significant accumulation by large holders, known as whales, who have purchased over 40 million XRP tokens, indicating strong confidence in the asset’s potential. Analysts suggest that if XRP maintains its current momentum, it could target the $3.5 price level, a significant resistance point near its all-time high. This optimism is further supported by increased network activity and positive developments in Ripple’s legal battles, which have historically influenced XRP’s price movements. As the cryptocurrency market evolves, XRP’s recent performance underscores its resilience and the growing investor confidence in its future prospects. Lightchain AI Promising Contender for the Next Blockchain Revolution Lightchain AI is transforming the blockchain landscape by integrating advanced artificial intelligence (AI) to redefine decentralized applications and governance. At the heart of Lightchain AI’s architecture is the Artificial Intelligence Virtual Machine (AIVM), designed to optimize AI-specific tasks, paired with a groundbreaking Proof of Intelligence (PoI) consensus mechanism that not only secures the network but also rewards AI computations. With enhanced scalability achieved through sharding and Layer 2 solutions, the platform is built to support high-speed operations seamlessly. In terms of data security, Lightchain AI leverages Zero-Knowledge Proofs (ZKPs) and Homomorphic Encryption to safeguard sensitive information during computations, ensuring user privacy. These capabilities position Lightchain AI as a groundbreaking force in the blockchain sector, poised to drive innovation and adoption. Tweets by LightchainAI https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://t.me/LightchainProtocol
The crypto data research and analytics platform CryptoRank revealed that the crypto markets should expect approximately $7.2 billion in crypto token unlocks in January this year. The data analytics platform further revealed the top 10 projects with the most significant token unlock value, including Aptos, Optimism, and Arbitrum. The platform’s token unlock data highlighted that the tokens released by projects since the beginning of the year have amounted to over $1.3 billion. CryptoRank data also revealed that the largest unlock value recorded was on January 1, valued at $910 million, while the lowest was on January 2, valued at $62 million. The week began with token unlocks worth $63 million, with more expected throughout the week. The research platform also confirmed that the third week of this month, from January 13 to 19, will record the highest unlock value, worth $4 billion. The January 6-12 week, the 20-26 week, and the January 27- February 2 week are expected to record $986 million, $509 million, and $1 billion in unlocks, respectively. CryptoRank confirmed that token unlocks involved releasing tokens locked up by different projects over a certain period, referred to as the vesting period. Token unlocks release the tokens to different project areas, including investors, the project’s team, governance nodes, development funding, marketing, and rewards. Aptos tops the list of token unlocks in January $7.2 Billion Worth of Tokens To Be Unlocked in January 🔓 The following notable token unlocks will happen in January: $APT $111.41M $CIRX $108.35M $ARB $86.42M $OP $67.29M $RON $66.89M $MOVE $53.35M $UXLINK $36.73M $IMX $35.59M $JTO $35.04M $STRK $32.66M pic.twitter.com/POLP3wI3bq — CryptoRank.io (@CryptoRank_io) January 6, 2025 CryptoRank revealed that Aptos would be the greatest contributor to the January token unlocks. The project plans to release about 11.11 million APT tokens worth a little over $111 million on January 12. The unlock will account for about 2% of Aptos’ market capitalization, which currently stands at about $5.67 billion at the time of publication. The Circular Protocol will conduct the second-largest token unlock this January, accounting for about 63% of its market cap. On January 12, the project will release 28 billion CIRX tokens worth $108.35 million. Arbitrum, Optimism, Ronin, Movement, UXLINK, Immutable, Jito Labs, and StarkNET are the remaining top 8 projects, meant to release $86,24 million, $67.29 million, $66.89 million, $53.35 million, $36,73 million, $35.59 million, $35.04 million, and $32.66 million in token unlock value, respectively. Keyrock speculates that token unlocks might negatively impact markets According to digital asset liquidity solutions service provider Keyrock, the January token unlocks might trigger negative market responses. After monitoring over 16,000 unlocks, the company researched token unlocks and their effects on crypto markets. The platform published its research findings in December 2024 as investors anticipated the possible effects of this year’s unlocks. The Keyrock research report highlighted that crypto projects unlock over $600 million in weekly tokens. The firm explained in its research that despite the predetermined actions taken before the token unlocks, the recipients, scale, anticipation, timing, and other factors dictate the negative outcomes experienced after. The research ascertained that the larger the token unlocks, the higher the chances for negative feedback in the market. The report further highlighted that large unlocks could lead to approximately 2.4x price declines and significantly increased volatility depending on all factors before and during a token unlock. Keyrock still explained that 90% of the token uncocks had higher chances of triggering negative price action despite the type and size of the release. However, the research also highlighted that token release to teams causes the most notable crashes that lead to panic sell-offs. Keyrock further shared that investor unlocks triggered more stable price action, while project development unlocks yielded the most positive results. The research identified different trends investors could expect from its study, explaining that linear unlocks positively impacted the markets more than cliff unlocks. The January unlocks are, however, mostly cliff unlocks, leading to the firm’s speculation of negative price action. Keyrock shared that retail investors would be more prone to reacting to negative market dynamics than institutional investors. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, could potentially have one million victims all around the globe following the downfall of the Terra ecosystem.
U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, could potentially have one million victims all around the globe following the downfall of the Terra ecosystem. This claim was made before a New York City court on Jan. 6, 2025, where Kwon is facing nine counts of felony relating to fraud at Terraform Labs. In the document submitted by acting U.S. attorney Daniel Gitner , the government outlined its intent to notify victims regarding their rights under the Justice for All Act of 2004. Due to the immense scale and global extent of Terraform Lab’s dissolution, traditional methods of notifying victims were believed to be impractical. Rather, the government proposed to set up a public website for Kwon’s case proceedings. The filing stated: “While it is difficult to precisely quantify the number of Kwon’s victims in light of the sheer number of purchases and sales of Terraform’s cryptocurrencies and the manner of those transactions (with many transactions in those assets occurring on foreign exchanges and through digital asset wallet or crypto trading accounts without personal identifying information), the Government estimates that the number of victims, in this case, exceeds hundreds of thousands of individuals and entities, and potentially totals more than one million.” The Justice for All Act provides that the victim of a federal crime enjoys particular rights such as timely notification of public court proceedings, the opportunity to be heard during sentencing or plea agreements, and the right to restitution if applicable. The Act, however, gives room for the courts to put in place in cases where a large number of victims need to be considered; reasonable procedures are evident in this case. You might also like: KickStreaming X account hacked, now pushing Solana-based crypto scam tokens Do Kwon has had long legal troubles since the collapse of the Terra ecosystem in 2022 , which wiped out billions of dollars in investors’ funds and was a key contributor to the wider downturn of the cryptocurrency market. Kwon was sent to the U.S. in Dec. 2024 after protracted negotiations involving many jurisdictions, including South Korea, following his arrest in Montenegro in 2023 for unrelated charges. On Jan. 2, 2025, Kwon appeared before a U.S. court for the first time and entered a not-guilty plea to the charges against him. He is still being held in custody. Kwon and Terraform Labs were also charged with fraud by the Securities and Exchange Commission in a civil case in April 2024. In this case, he and Terraform Labs were ordered to pay nearly $4.5 billion in disgorgement, civil penalties, and prejudgment interest. Moving forward in the case, the government’s victim notification website is expected to assume a significant role in ensuring compliance with the statutory rights of a victim without overburdening the court processes. For victims, this represents a real step toward transparency and acknowledgment of the harms suffered as a result of the collapse of Terraform Labs. Read more: Pig butchering crypto scams wiped out $3.6b this year: report
On January 7th, COINOTAG News reported a significant development in the Ethereum (ETH) market involving a prominent whale, as per the monitoring by @ai_9684xtpa. This particular whale has successfully achieved
MicroStrategy , the Bitcoin investment firm led by co-founder Michael Saylor, has made another significant addition to its Bitcoin holdings. On Jan. 6, 2025 , Saylor announced on X that the company purchased an additional 1,070 BTC for approximately $101 million , with an average acquisition price of $94,004 per Bitcoin . This purchase brings MicroStrategy’s total Bitcoin holdings to an impressive 447,470 BTC , acquired at an aggregate cost of $27.97 billion , with an average price of $62,503 per Bitcoin . Details of the Purchase New Acquisition Amount Purchased : 1,070 BTC Total Cost : $101 million Average Price : $94,004 per Bitcoin Total Holdings Total BTC Held : 447,470 BTC Aggregate Cost : $27.97 billion Average Price : $62,503 per Bitcoin Significance of MicroStrategy’s Latest Investment MicroStrategy’s continued accumulation of Bitcoin reinforces its long-standing belief in Bitcoin as a premier store of value and a hedge against fiat currency inflation. Key Highlights Confidence in Bitcoin’s Long-Term Value : The premium paid in this purchase—$94,004 per Bitcoin, significantly above its current average price—signals strong confidence in Bitcoin’s potential for future growth. Market Leadership : With 447,470 BTC, MicroStrategy remains the largest corporate holder of Bitcoin, outpacing competitors in its aggressive acquisition strategy. Market Reaction to the Purchase The announcement has sparked discussions in the crypto community, with some viewing it as a bullish signal for Bitcoin, while others express concerns over centralized ownership by corporations like MicroStrategy. Impact on Bitcoin’s Price While the purchase reflects institutional confidence, its immediate impact on Bitcoin’s price appears muted as the crypto market grapples with broader macroeconomic factors. MicroStrategy’s Bitcoin Strategy Why Bitcoin? Store of Value : MicroStrategy views Bitcoin as “digital gold” that preserves purchasing power over the long term. Hedge Against Inflation : Amid global economic uncertainties, Bitcoin serves as a hedge against fiat currency devaluation. Aggressive Accumulation MicroStrategy’s strategy has been characterized by its consistent acquisitions, regardless of Bitcoin’s price volatility. Comparison to Other Bitcoin Holders Entity BTC Holdings Average Price Paid (Estimated) MicroStrategy 447,470 BTC $62,503 Tesla ~10,725 BTC ~$30,000 Marathon Digital ~13,000 BTC ~$18,000 FAQs Why does MicroStrategy keep buying Bitcoin? MicroStrategy views Bitcoin as a long-term asset that offers protection against inflation and fiat currency depreciation. What is the significance of this purchase? The latest purchase highlights MicroStrategy’s commitment to accumulating Bitcoin, even at premium prices, reflecting confidence in its long-term value. How does MicroStrategy’s average price compare to the current market price? MicroStrategy’s average price of $62,503 per Bitcoin is well below its recent purchase price of $94,004, indicating the firm’s willingness to pay a premium for continued accumulation. What does this mean for the crypto market? MicroStrategy’s acquisition signals ongoing institutional interest in Bitcoin, potentially boosting market confidence in the asset. How many Bitcoin does MicroStrategy now hold? MicroStrategy holds a total of 447,470 BTC , acquired at an aggregate cost of $27.97 billion . Conclusion MicroStrategy’s acquisition of an additional 1,070 BTC for $101 million reaffirms its unwavering commitment to Bitcoin as a strategic reserve asset. With total holdings now at 447,470 BTC , the company’s aggressive strategy positions it as a leading institutional advocate for Bitcoin’s future potential. As the crypto market evolves, MicroStrategy’s bold moves continue to underscore Bitcoin’s role in institutional portfolios, paving the way for broader adoption and interest in the digital asset. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.