[Lunch Briefing] MicroStrategy Joins Nasdaq 100… Purchases Additional 800 Billion Worth of BTC

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Decenter
2 days ago
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Bitcoin (BTC) price chart as of 12:59 PM on the 24th./Source=Bithumb


Major virtual assets are on the rise.

As of 12:59 PM on the 24th, based on Bithumb, Bitcoin (BTC) fell 1.08% from the previous day to 14,168,800 won. Ethereum (ETH) rose 1.55% to 5,103,000 won, Ripple (XRP) rose 2.77% to 3,375 won, BNB rose 1.17% to 1,042,000 won, and Solana (SOL) rose 2.33% to 285,300 won.



The international market is also on the rise.

At the same time, on CoinMarketCap, BTC recorded $94,224.83, down 1.75% from the previous day. ETH rose 1.33% to $3,392.19, XRP rose 1.43% to $2.25, BNB rose 4.18% to $691.99, and SOL rose 1.59% to $189.69.

The total market capitalization of virtual assets increased by 1.53% from the previous day to about $3.31 trillion (about 480.77 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, rose 3 points from the previous day to 73 points, indicating 'greed'.

Among single companies, MicroStrategy, which holds the most BTC in the world, has been officially included in the Nasdaq 100 index.

According to CoinDesk on the 23rd (local time), MicroStrategy joined the Nasdaq 100 index that day. As a result, institutional and individual investors who invest in ETFs such as QQQ that track the Nasdaq 100 can now indirectly invest in BTC.

On the same day, MicroStrategy purchased 5,262 BTC for $561 million (about 814.85 billion won). MicroStrategy has been purchasing BTC for 7 consecutive weeks, increasing its total BTC holdings to 444,262. The value of the BTC held by MicroStrategy is currently about $4 billion (about 5.81 trillion won). This purchase is the smallest since July, and the average purchase price per BTC is $106,662 (about 15.5 billion won), the highest since MicroStrategy's BTC purchase.

According to documents released by MicroStrategy on the 23rd, this purchase was funded by the sale of shares through the company's at-the-market (ATM) program. MicroStrategy's ATM program has $708 million (about 10.29 trillion won) remaining. As of 1:27 PM on the 24th, MicroStrategy's stock price fell 7.84% from the previous day to $335.65.
Reporter Hae-yeon Kang
haeyeon41@rni.kr
< Copyright holder ⓒ Decenter, Unauthorized reproduction and redistribution prohibited >

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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