2024

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-peaks-as-corporate-demand-soars-and-etf-excitement-grows/" data-wpel-link="internal">Bitcoin Peaks as Corporate Demand Soars and ETF Excitement Grows</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/dususe-meydan-okudular-flex-coin-flex-beldex-bdx-ve-terra-lunc-siradaki-hedefleri" data-wpel-link="internal">Cryptocurrency</a></strong> markets have seen <a href="https://en.coin-turk.com/bitcoins-btc-recent-situation-whale-transfers-4000-btc-in-a-single-transaction/" data-wpel-link="internal">Bitcoin</a> reach new peaks with the excitement of 2024 corporate demand and ETFs. Meanwhile, corporate demand fluctuates between 10-20 times the daily miner output. Almost all of this demand comes from BlackRock and Fidelity ETFs. Additionally, there are purchases by companies like MicroStrategy.</p> 
<h2 style="text-align: justify" id="bitcoin-btc-and-microstrategy">Bitcoin (BTC) and MicroStrategy</h2> 
<p style="text-align: justify"><strong>Bitcoin prices</strong> continue to fluctuate, and demand from ETFs is far exceeding daily miner output. Furthermore, it was revealed that MicroStrategy purchased approximately $155.4 million worth of <a href="https://coin-turk.com/piyasa-hacmi-kucuk-altcoinler-btcden-iyi-performans-sergiledi" data-wpel-link="internal">BTC</a> between February 15-25. The company bought around 3,000 <a href="https://en.coin-turk.com/the-crypto-market-awaits-a-pivotal-december-the-impact-of-potential-interest-rate-pause/" data-wpel-link="internal">BTC</a> at an average price of $51,813. Before this purchase, Michael Saylor’s company’s total BTC reserves had exceeded $10 billion.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-319712 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/MicroStrategy.png" alt="" width="871" height="337"></p> 
<p style="text-align: justify">The company, which continues to buy BTC at every opportunity during the bear market, had converted its MSTR shares into a spot Bitcoin ETF. The MSTR stock, which unofficially moves in sync with BTC, held a significant place in the reserves of large asset management firms like BlackRock. Asset management companies that held MSTR shares on behalf of their clients are now accumulating BTC.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-peaks-as-corporate-demand-soars-and-etf-excitement-grows/" data-wpel-link="internal">Bitcoin Peaks as Corporate Demand Soars and ETF Excitement Grows</a></h5>

Bitcoin Peaks as Corporate Demand Soars and ETF Excitement Grows

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