#MicroStrategy Buys 480 Bitcoins Worth $10 Million !

Despite being underwater, MicroStrategy purchased 480 additional #bitcoins for $10M.

The average price of the purchased #Bitcoin is approximately $20,817.

That brings its total stash to 129,699 bitcoins, which were acquired at an aggregate purchase price of $3.98B and an average purchase price of ~$30,664 per #BTC.

🔹 Have you heard of Mycelium #Wallet? One of the world’s first #bitcoin wallets launched in 2012.

🔹 In 2014, Mycelium was recognized as the best #mobile app of the year by Blockchain Info.

🔹 As of FY 2020, the wallet reached 2.2 mn downloads on the #Android and #Apple app stores and had a user base of over 235,000, facilitating over 10,000 daily #crypto transactions.

🔹 The wallet comes with multiple #features including send/receive cryptos, #hardware wallet compatibility, various integrations from Third Party Services, etc.

🔹 Mycelium also has its own #DEX marketplace called “Mycelium Local Trader” for buying & selling #bitcoins.

🔹 Myceliums’ key #partnerships include Waves DEX, Simplex, Gildara, Cashila, Bitcoin Payment Gateway, and Coinapult.

Read More: https://www.linkedin.com/feed/update/urn:li:activity:7001802628812738560

11th Anniversary of the First #BitcoinHalving!

⚡️On November 28, 2012, Bitcoin experienced its first halving, reducing the mining reward from 50 to 25 BTC, with the $BTC price at approximately $12.

⚡️The second halving in July 2016 cut it further to 12.5 #BTC with price trading at $660.

⚡️In the third halving in May 2020, the reward was again halved to 6.25 BTC per block, with BTC Price Trading around $8,600.

⚡️The next Bitcoin halving will occur in April 2024 when the block height reaches 840,000. It will see the block reward fall from 6.25 to 3.125 #bitcoins.

Mt. Gox #Bitcoin exchange victims receive repayments in Japanese Yen via PayPal after 8 years. #Cryptonews

2014 Mt. Gox collapse led to the loss of 950,000 #Bitcoins; creditors waited years for repayments.
https://coinpedia.org/news/mt-gox-creditors-receiving-long-awaited-repayments/

SEC directs #BitcoinETFs towards "Cash Creates" model, sparking concerns, but analysts dismiss potential harm.

Bloomberg's Seyffart defends #ETFs, clarifying they hold actual #Bitcoins; major firms adopt the cash-create model.
https://coinpedia.org/news/james-seyffarts-take-on-bitcoin-etfs-debunking-myths-and-clarifying-facts/

US government plans to sell 41,491 seized Silk Road #Bitcoins, valued at $1.8 billion currently.

Government's #crypto holdings skyrocket to $8.3 billion, surpassing #MicroStrategy; plans to sell remaining Bitcoins unfold.
https://coinpedia.org/news/bearish-signals-flash-as-us-government-plans-massive-bitcoin-sell-off-of-1-8-billion/

#MicroStrategy achieved a significant Bitcoin milestone, acquiring 31,755 #bitcoins, totaling 190,000, in Q4 2023.

Despite a 6.1% revenue drop, MicroStrategy reported $89.1 million in net income for Q4 2023. #CryptoNews
https://coinpedia.org/news/microstrategys-financial-report-q4-2023-heres-how-much-bitcoin-microstrategy-is-holding/

Top #CryptoNews of Last Week

1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.

2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.

3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.

4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.

5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.

6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.

7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.

8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.

9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.

#MicroStrategy (Nasdaq: #MSTR) plans to issue $500 million convertible senior notes due 2031.

Offering targets qualified institutional buyers, aiming to boost financial status and acquire more #Bitcoins. #Crypto
https://coinpedia.org/news/microstrategy-announces-500-million-convertible-senior-notes-offering-to-acquire-more-bitcoins/

#BlackRock iShares Bitcoin Trust (IBIT) reports holding over 200,000 #Bitcoins, valued at $14.76 billion.

Institutional influx through Spot #BitcoinETFs marks milestone for Bitcoin and digital asset market, with $505.6 million inflow.
https://coinpedia.org/news/institutional-influx-blackrocks-bitcoin-etf-witnesses-surge-in-holdings-amid-record-breaking-inflows/

Big move! Japanese firm Metaplanet just invested $6.5M in Bitcoin, about 30% of its value.

They're betting on Bitcoin as a hedge against inflation

#bitcoins #CryptoCommunity #CryptoNews
https://coinpedia.org/news/japanese-investment-firm-metaplanet-announces-purchase-of-bitcoin-worth-%c2%a51-billion/