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Tesla’s Bitcoin Buy Comes As Earlier Large Investors Retreat
12.2.2021
Philip Gradwell is Chief Economist at Chainalysis. He provides data and insight on the uses of cryptocurrencies and the direction of the market at markets.chainalysis.com.
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On 8 February, Tesla disclosed in an SEC filing that it had “invested an aggregate USD 1.50 billion in bitcoin”...
Tesla Bitcoin Buy Highlights Need to Fix US Accounting Rules
11.2.2021
Tesla’s much-discussed recent decision to make a USD 1.5bn bitcoin (BTC) purchase continues to generate ripples in the American business pond – and has led some to claim accountancy rules should be updated to cover corporate crypto investments.
Industry observers are calling on the regulatory...
Tesla's $1.5B Bitcoin buy throws the cat amongst institutional pigeons
11.2.2021
Elon Musk is either the hero or the villian of the year after Tesla's Bitcoin purchase polarized opinion among institutional investors
Tesla’s Bitcoin Buy May Not Trigger Wave of Corporate Demand, Says JPMorgan
10.2.2021
Bitcoin's price volatility may put corporates off from emulating Tesla's decision to invest in the cryptocurrency
Ex-OCC Chief Brooks Calls Tesla’s Bitcoin Buy a Bit ‘Scary News’ for Rest of World
8.2.2021
Brooks noted that the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done
Buying the Dip: Multibillion-Dollar Microstrategy Invests $10 Million More in Bitcoin
22.1.2021
Nasdaq-listed multibillion-dollar company Microstrategy has purchased more bitcoins. With the latest buy of the cryptocurrency worth $10 million, the company now holds 70,784 bitcoins in its treasury. Microstrategy’s Bitcoin Holdings Rise to 70,784 The Nasdaq-listed Microstrategy (NASDAQ:...
eToro Says It Didn't Restrict Bitcoin Buy Orders Last Weekend
18.1.2021
Trading and investing platform eToro said it did not limit buy orders this past weekend.
"We did not implement any restrictions to crypto buy orders this weekend," Amy Butler, global head of PR for eToro, told Cryptonews.com today, stressing that "the email we sent to customers last...
Etoro Warns Customers to Brace for Suspension of Crypto Buy Orders due to an ‘Unprecedented Demand’
15.1.2021
Etoro, a trading and investing platform, has warned its customers to brace for possible limitations on their buy orders this coming weekend. The company says it might be forced to take this and other steps if the anticipated and unprecedented surge in demand for cryptos occurs. Unprecedented Demand...
Microstrategy’s BTC Holdings More Than Double in Value to $2.4 Billion Four Months Later
3.1.2021
The continuing bitcoin price rally has seen the value of Microstrategy’s total holdings of the digital asset go up by 100%. Specifically, the company has seen the value of its initial haul of 38,250 coins grow to over $1.3 billion from the $425 million spent. Market Capitalization By Almost...
MicroStrategy Secures USD 635m For Another Bitcoin Buy
11.12.2020
Today, US-based business intelligence company MicroStrategy confirmed it raised USD 650m by selling convertible senior notes due 2025 in order to buy more bitcoin (BTC).
MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately USD 634.9m, after deducting...
BTC, ETH Slide Lower Despite Insurers’ USD 100m Bitcoin Buy & Ether ETF
11.12.2020
The crypto community has been buoyed as – despite sliding bitcoin (BTC) and ethereum (ETH) prices – two major breakthroughs were reached for both tokens.
At pixel time (09:03 UTC), BTC trades at USD 17,883 and is down by 3% in a day and 8% in a week, while ETH is down by almost 4% to USD 545....
Microstrategy Buys More Bitcoin, Now Holding BTC Worth Over $780 Million in Treasury
5.12.2020
Nasdaq-listed billion-dollar company Microstrategy has made its third large bitcoin purchase. The company now holds about 40,824 bitcoins, worth over $780 million at the current price. Microstrategy’s Third Bitcoin Buy Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoins. CEO Michael...
Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy
2.12.2020
U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days...
Blockchain Bites: PayPal’s Play, Mode’s Bitcoin Buy, CoinDesk’s Most Influential Needs Your Vote
21.10.2020
PayPal has entered the cryptocurrency market, another publicly traded firm will buy bitcoin and Bahama unveiled its dollar-pegged CBDC
‘I would not short’ — Bitcoin buy the dip zone now $11K, says Tone Vays
15.10.2020
The veteran trader says bullish trends make shorting the current correction a dangerous move, and the dip “may already be over.”
The Market Reacts to Square’s $50M Bitcoin Buy
8.10.2020
Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin
Square’s Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC
8.10.2020
Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.” Square’s Major Bitcoin Buy Square Inc....
BuySellVouchers Indirectly Gives the Opportunity To Shop in the Popular Retail Chains With Bitcoin
30.9.2020
It is looking like good times in the retail industry as BuySellVouchers gives a solution that allows users of the platform to shop in the most popular retail chains with cryptocurrency. The innovative solution from one of the leading online marketplaces for digital goods allows shoppers to purchase...
Microstrategy’s $250 Million Bitcoin Buy Consequential
2.9.2020
When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s bitcoin incursion could not have come at a better time for...
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
11.8.2020
Digital gold is now the "principal holding" of MicroStrategy's revamped treasury reserve strategy