Business intelligence firm MicroStrategy increased its Bitcoin (BTC) holdings by 27% on Wednesday after purchasing an additional 19,452 coins, taking its total haul to 90,531 BTC. Announced on the company’s website on Wednesday, the coins were reportedly purchased for approximately $52,765 per coin, equating to an outlay of just over $1 billion. MicroStrategy CEO Michael Saylor said the firm’s focus was now twofold: grow its analytics software enterprise, and buy more Bitcoin. Saylor said, “The Company remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin." In the six months since …
A top executive from a prominent Australian taxpayer group has publicly endorsed the world’s biggest cryptocurrency by announcing her first ever Bitcoin purchase. Emilie Dye, director of policy at the Australian Taxpayers' Alliance, or ATA, tweeted on April 1 that she had bought her first Bitcoin: “Today, I made my first Bitcoin purchase. Wahoo!” This triggered excitement in the crypto community, with the tweet amassing about 5,900 likes as of press time. Dye clearly didn’t expect the excitement and later elaborated: “I couldn’t have asked for a warmer welcome to the Bitcoin fold. If anything, the number of comments and …
The co-founder at Hong Kong-based blockchain investment firm Kenetic has predicted that bitcoin (BTC) will rally as high as $30,000 by the end of 2019. Kenetic Capital’s Jehan Chu provided his stance on major issues around bitcoin in an interview with “Bloomberg Markets: Asia” published on May 28. According to Chu, bitcoin will continue its bullish direction along with the rest of crypto market in 2019 due to three main factors, including the drive of mass adoption by global giants such as Facebook, JPMorgan, Rakuten and Fidelity, who have recently turned their interest towards crypto. Chu added that his bullish …
French insurance markets can now invest in cryptocurrencies, following the passage of a new law, foreign exchange news agency FXStreet reports April 11. On April 11, the National Assembly of France adopted a bill that is designed to stimulate local business development, including redirecting savings from individuals to businesses, according to local news agency Les Echos. According to Reuters, the Assemblee Nationale voted 147 in favor and 50 against. Known as “Plan d’action pour la croissance et la transformation des entreprises,” (Pacte) the act reportedly allows insurance providers in France to invest in cryptocurrencies such as Bitcoin (BTC) with no …
Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained tremendous popularity alongside the mainstreaming of the internet, investors across the globe have been in the rush to accumulate as many of the 21 million BTC — one Satoshi at a time. With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC. On June 20, Cointelegraph reported that the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091 in just seven …