#MicroStrategy plans to raise $700 million through convertible notes to buy more #Bitcoin and cover expenses.

Michael Saylor, MicroStrategy's chairman, remains bullish on Bitcoin, increasing the offering despite #Cryptomarket volatility.
https://coinpedia.org/news/microstrategy-raises-the-stakes-700-million-committed-to-bitcoin/

#BlackRock's IBIT #BitcoinETF hits $10B in assets, leading all US #ETFs, driven by #Bitcoin rally.

#MicroStrategy holds 193,000 BTC, plans $600M debt offering to increase reserves.
https://coinpedia.org/news/microstrategy-dethroned-blackrock-etf-becomes-top-bitcoin-holder/

Breaking: MicroStrategy acquires Additional Bitcoins

🔵 #MicroStrategy invests $821 million in #Bitcoin through convertible senior notes offering.

🔵 The company strategically allocates funds to buy 12,000 bitcoins at $68,477 each.

🔵 Accumulating approximately 205,000 bitcoins, MicroStrategy holds a $6.91 billion portfolio.

🔵 This move solidifies its position in the #cryptocurrency market and promotes institutional adoption.

#Coinbase plans $1 billion convertible debt offering to capitalize on #cryptomarket surge and growth prospects. #crypto

Mimicking #MicroStrategy's #Bitcoin strategy for growth, Coinbase aims to strengthen market position and mitigate dilution risks.
https://coinpedia.org/news/coinbase-to-sell-1b-bonds-following-michael-saylors-bitcoin-strategy/

#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/

Here are the Top 5 Stocks with over $10B Market Cap dominating the charts:

#Microstrategy, #Coinbase, followed by #Celsius, #SuperMicroComputer, and #Grayscale.

Breaking : #MicroStrategy has acquired an additional 9,245 #BTC

Top #CryptoNews in The Last Week

1️⃣ #FED kept Interest rates at 5.25%-5.50% for the 5th time. Predicted 2.6% core PCE inflation by 2024

2️⃣ #Bitcoin spot #ETFs saw four days of outflows. #Grayscale's GBTC had $358M outflow. BlackRock's IBIT had $233M inflow

3️⃣ SEC investigates #Ethereum transition to POS. Legal action pursued to classify Ethereum as security

4️⃣ #BlackRock launches tokenized asset fund on Ethereum.Fund backed by cash, bonds, distributed via #blockchain

5️⃣ Nigerian court orders #Binance to disclose user data to EFCC.Binance compliance chief detained in Nigeria

6️⃣ #OKX stops services in India due to regulations. Users asked to withdraw funds by April 30th

7️⃣ Do Kwon faces legal hurdles Montenegrin court orders house arrest, travel restrictions.Extradition halted

8️⃣ #MicroStrategy surpasses U.S. & China in #Bitcoin holdings,now owning 1% of total Bitcoin (#BTC)

9️⃣ SEC files opening remedies brief against #Ripple, documents currently sealed, to be redacted & released by March 26.

Discover the impact of #MicroStrategy's Bitcoin connection on investors.

Gain insights and navigate complexities in our latest article.
https://coinpedia.org/news/microstrategys-bitcoin-connection-a-double-edged-sword-for-investors/

Breaking: #MicroStrategy, a leading business intelligence firm, acquires 122 #Bitcoins in April despite reporting a Q1 loss of $53.1M.

Explore the implications of this bold move for both MicroStrategy and the #CryptocurrencyMarket

https://coinpedia.org/news/microstrategy-buys-122-bitcoins-in-april-amidst-a-53-1m-q1-loss/

#Metaplanet mirrors #MicroStrategy's #Bitcoin investment, now holding over 117.7 BTC, worth $7.4 million.

Strategic move signifies growing corporate adoption of Bitcoin, signals confidence in #cryptocurrency's future as hedge.
https://coinpedia.org/news/japanese-metaplanet-boosts-bitcoin-holdings-adds-19-87-btc-to-reach-7-4m-in-crypto/

Jim Cramer warns against buying #MicroStrategy stock, suggests direct #Bitcoin investment due to market volatility.

TD Cowen predicts MicroStrategy growth driven by institutional #BitcoinETF entries, #EthereumETF rejections.
https://coinpedia.org/news/famous-cnbc-host-jim-cramer-advises-against-buying-microstrategy-stock-heres-why/

Top #CryptoNews This Week

1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)

2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.

3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.

4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.

5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.

6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.

7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.

8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.

9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.

BREAKING: MicroStrategy buys Additional Bitcoin

#Crypto #Cryptonews #Cyptomarket

🔵MicroStrategy purchased an additional 11,931 Bitcoin for approximately $786.0 million, using proceeds from convertible notes and excess cash.

🔵The average price per Bitcoin for this purchase was about $65,883.

🔵As of June 20, 2024, #MicroStrategy holds a total of 226,331 Bitcoin.

🔵The total acquisition cost for these Bitcoin is around $8.33 billion, with an average price of $36,798 per #Bitcoin.

BREAKING : #Metaplanet Plans $7M #Bitcoin Purchase Through Bond Sales, Following #MicroStrategy

#Crypto #CryptoNews #Cryptomarket

🌀Metaplanet, a Japanese firm, bought $7M in Bitcoin using proceeds from a recent bond sale.

🌀This increases Metaplanet's Bitcoin holdings to over 200 BTC, part of their investment diversification strategy.

🌀The move reflects a trend of institutions like Metaplanet investing in cryptocurrencies.

🌀Metaplanet aims to hedge against economic challenges in Japan with its Bitcoin acquisitions.

🚨BREAKING: #MicroStrategy (#MSTR) Announces Major 10-for-1 Stock Split!

By 2045, the price of Bitcoin will reach $13 million, according to Michael Saylor.

He made this statement at a Bitcoin conference in Nashville. Under this average scenario, Bitcoin will account for 7% of the world's wealth.

Negative scenario: $3 million per coin
Positive scenario: $49 million per coin.



#Bitcoin #Microstrategy #MichaelSaylor #Coinpedia

Top #Cryptonews This Week

1️⃣ Powell Indicated Possible Rate Cut
Jerome #Powell suggested a potential rate cut in September if inflation met criteria.

2️⃣ Bank of England Reduced Rates
The Bank of England cut interest rates to 5% for the first time in over four years.

3️⃣ Bank of Japan Increased Rates
The Bank of Japan raised its policy rate to around 0.25% during its meeting.

4️⃣ Trump Proposed Bitcoin Changes
#DonaldTrump vowed to fire #Gensler, establish a #Bitcoin reserve, and support #crypto innovations.

5️⃣ Harris Campaign Reached Out to Crypto Leaders
#KamalaHarris’s team engaged with crypto figures to shape future regulatory frameworks.

6️⃣ Senators Proposed Bitcoin Purchase Plan
Senator #CynthiaLummis introduced a plan to buy 1 million bitcoins over five years.

7️⃣ Vitalik Outlined Ethereum’s Future
#VitalikButerin emphasized building apps and proposed innovative ideas at EDCON2024.

8️⃣ Musk Denied Crypto Promotion Intent
#ElonMusk stated he had no intention to promote cryptocurrencies, clarifying any mentions were jokes.

9️⃣ Snowden Warned on Bitcoin Privacy
Edward Snowden highlighted Bitcoin’s traceability and urged improved privacy measures.

🔟 MicroStrategy Reported Loss, Increased BTC Holdings
#MicroStrategy reported a $102.6 million loss but increased Bitcoin holdings to 226,500 BTC.