DeFi News Daily Official TheBitTimes.com

MicroStrategy acquires 14,620 BTC for $615.7M, pushing total holdings to 189,150 BTC at $5.9B. CEO Michael Saylor remains bullish on Bitcoin, considering it the world’s most valuable asset class. The company’s proactive crypto strategy aligns with growing institutional interest, eyes 1% of Bitcoin supply. MicroStrategy (NASDAQ: MSTR), the business intelligence giant led by CEO Michael Saylor, has reaffirmed its belief in the long-term potential of Bitcoin. In a recent disclosure to the Securities and Exchange Commission (SEC), MicroStrategy revealed the acquisition of 14,620 BTC between November 30, 2023, and December 26, 2023. This substantial purchase amounts to $615.7 million, at an average price per Bitcoin of $42,110.  The recent purchase comes after the company purchase d another 5,445 bitcoins in September 2023. MicroStrategy’s total Bitcoin holdings have now reached an impressive 189,150 BTC, acquired at an approximate cost...

After over a year of bear market, with the Bitcoin price falling from the highs of $69k to lows of $15k, there finally appears to be some bullish sentiment, with the Bitcoin price appreciating once more and the rest of the market following suit.  Ethereum has also managed to reclaim $15k, and smaller cap alt coins such as Solana and Cardano have managed to make far more significant gains, albeit they fell much further leading up to this moment.  Bitcoin strengthens above $20k  The Bitcoin price has now been strengthening above the $20k threshold, and even managed to break above $21k, which is an extremely bullish threshold to have overcome.  There are many who believe that the market has thus now bottomed out, and that the price ought to consolidate and appreciate from here.  This comes within the larger macroeconomic situation of falling inflation, and increased likelihood of a Fed pivot thanks to the depressed value of risk on assets such a...