CRYPTO

AI Crypto

Million

Rewards

<p><span style="font-weight: 400;">MicroStrategy, the largest publicly traded holder of Bitcoin, bought another $37 million worth of BTC in January to bring its total holdings to $8.1 billion.</span></p> 
<p>The company said in its <span style="font-weight: 400;">its fourth quarter earnings call on Feb. 6 that it acquired another 850 BTC in January and now holds a total of 190,000 Bitcoin.</span></p> 
<p><span style="font-weight: 400;">“2024 is the year of the birth of </span><a href="https://insidebitcoins.com/news/bitcoin-on-chain-volume-surged-in-january-reaching-highest-level-since-september-2022"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;"> as an institutional-grade asset class,” said executive chairman Michael Saylor in the call. “It’s the first new asset class of the modern era. The next 15 years will be a regulated, institutional, high growth period for Bitcoin, very different from the last 15 years.”</span></p> 
<h2 id="span-style-font-weight-400-microstrategy-purchased-more-than-50-000-btc-in-2023-span"><span style="font-weight: 400;">MicroStrategy Purchased More Than 50,000 BTC In 2023</span></h2> 
<p><span style="font-weight: 400;">MicroStrategy’s chief financial officer, Andrew Kang, also said </span><span style="font-weight: 400;">the company bought a total of 56,650 BTC in 2023 at an average price of $33,580.</span></p> 
<p><img decoding="async" src="https://www.business2community.com/wp-content/uploads/2022/06/ezgif.com-gif-maker-1.png" alt="MicroStrategy CEO Michael Saylor Calls for Crypto Regulation"></p> 
<h2 id="span-style-font-weight-400-microstrategy-posted-net-income-of-89-1-million-span"><span style="font-weight: 400;">MicroStrategy Posted Net Income Of $89.1 Million</span></h2> 
<p><span style="font-weight: 400;">The company also </span><a href="https://www.businesswire.com/news/home/20240206684972/en/MicroStrategy-Announces-Fourth-Quarter-2023-Financial-Results-Now-Holds-190000-BTC"><span style="font-weight: 400;">posted</span></a><span style="font-weight: 400;"> a net income of $89.1 million last year, compared to a $249.7 million loss recorded in 2022. Saylor attributed the 2023 performance to investors recognizing the broader theme of a “digital transformation” of assets.</span></p> 
<p><span style="font-weight: 400;">Saylor expects the allocation in </span><a href="https://insidebitcoins.com/news/el-salvadors-bitcoin-friendly-president-nayib-bukele-heads-for-re-election"><span style="font-weight: 400;">BTC</span></a><span style="font-weight: 400;"> to continue to pay off following the introduction of spot Bitcoin ETFs (exchange-traded funds) in the U.S. This is a “catalytic moment” in transitioning BTC from a medium of exchange to a store of value, he said.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is Timeless. <a href="https://t.co/Y8ZXXg7hhd">pic.twitter.com/Y8ZXXg7hhd</a></p> 
 <p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1754869210776257020?ref_src=twsrc%5Etfw">February 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">“We don’t need to address any of the currency criticisms anymore,” he added. “Simply as a store of value, there’s no reason Bitcoin can’t continue to outperform and 100X from where it is right now.”</span></p> 
<p><span style="font-weight: 400;">MicroStrategy became the first publicly traded company to purchase Bitcoin as a strategic investment in December 2020. Since then, the company’s share price has climbed more than 300%, allowing it to outperform major tech stocks such as Microsoft and Google, which saw gains of slightly less than 100% during the same period.</span></p> 
<h2 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/presale-crypto-list-top-upcoming-cryptocurrencies-invest-calsona-9m74e/"><span style="font-weight: 400;">PRESALE CRYPTO LIST: Top Upcoming Cryptocurrencies to Invest in 2024</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/filipino-crypto-youtuber-alrock-reviews-new-eco-friendly-token-100x-green-ai-crypto-gem-of-2024"><span style="font-weight: 400;">Filipino Crypto YouTuber ALROCK Reviews New Eco-Friendly Token – 100x Green AI Crypto Gem of 2024?</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/gamefi-sensation-meme-kombat-blasts-past-8-million-raised-as-it-nears-the-finish-line"><span style="font-weight: 400;">GameFi Sensation Meme Kombat Blasts Past $8 Million Raised As It Heads For Sellout</span></a></li> 
</ul> 
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row"> 
 <div class="inContentProviderSingle--wrapper"> 
  <div class="container"> 
   <div class="row mb-lg-3"> 
    <div class="col-12 col-md-8"> 
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p> 
    </div> 
    <div class="col-12 col-md-4"> 
     <div class="inContentProviderSingle--rating"> 
      <div class="rating--holder"> 
       <p class="rating--text">Rating</p> 
       <div class="rating--star-container"> 
        <div class="rating--star" style="width: 100%;"></div> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="row">  
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"> 
     <img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
    <div class="col-12 col-md-8"> 
     <ul class="inContentProviderSingle--list"> 
      <li>Audited By Coinsult</li> 
      <li>Decentralized, Secure Cloud Mining</li> 
      <li>Earn Free Bitcoin Daily</li> 
      <li>Native Token On Presale Now - BTCMTX</li> 
      <li>Staking Rewards - Over 50% APY</li> 
     </ul> 
    </div>  
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"> 
     <img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
   </div> 
   <div class="row"> 
    <div class="col-12 text-center"> 
     <div class="inContentProviderSingle--button"> <a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="nofollow">Learn More</a> 
     </div> 
     <div class="inContentProviderSingle--disclaimerText"> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div>

MicroStrategy Buys $37 Million More Bitcoin, Bringing Total To $8.1 Billion, As Michael Saylor Says BTC Is Now ”Institutional-Grade Asset”

Obsah

Inside Bitcoins

Ďalšie články zverejnené 7. 2. 2024

Alchemy Pay Enables Seamless Crypto Buying in the UAE with PayBy and BOTIM Integration

When Will FED Start Cutting Interest Rates? New Statements from FED Member Kashkari!

Skyline Digital makes TradFi accessible on Web3 (7 Feb)

Shiba Inu (SHIB) Lead Sparks Speculation With Cryptic New Tweet: Details

Doginphire Price Prediction: Elon Musk Tweet Ignites 284% Surge In New Solana Meme Coin FIRE As A...

BlockFi and 3AC settlement deal gets judge’s go-ahead but remains sealed

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!