#Breaking！Bitcoin Surges After Grayscale Wins Appeal Against SEC#
On Aug. 29, filings with the D.C. Circuit Court of Appeals show that Grayscale won its case against the SEC. In June of this year, SEC rejected the application of Grayscale Investments' first bitcoin spot ETF, and Grayscale subsequently sued the SEC in court. "The rejection of Grayscale's proposal was arbitrary and capricious because the SEC failed to account for the different treatment of similar products," the Washington, D.C. court said.
13 minutes ago
Breaking: MicroStrategy Acquires Additional 5,445 BTC, Adding to a Total of 158,245 Bitcoins
Source: Pixabay / Michael Wuensch Nasdaq-listed MicroStrategy (MSTR), the world’s leading corporate Bitcoin holder, has purchased an additional 5,445 BTC through August and September. The company announced Monday that it has acquired $147.3 million worth of the world’s largest cryptocurrency at an average price of $27,053 per Bitcoin “inclusive of fees and expenses,” per its latest filing with the Securities and Exchange Commission (SEC). MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR https://t.co/GbJtUoQfXv — Michael Saylor⚡️ (@saylor) September 25, 2023 “As of September 24, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 158,245 bitcoins, which were acquired at an aggregate purchase price of approximately $4.68 billion and an average purchase price of approximately $29,582 per bitcoin, inclusive of fees and expenses.” The filing further noted that MicroStrategy entered into a sales agreement last month with Cowen and Company, Canaccord Genuity and Berenberg Capital Markets as sales agents, to sell shares worth up to $750 million. As of Sunday, the agents issued and sold an aggregate of 403,362 shares for net proceeds to MicroStrategy of approximately $147.3 million. MSTR Bitcoin Investments Suffered MicroStrategy’s Bitcoin investments suffered an unrealized loss of more than $600 million in August, following BTC’s price crash to around $25,000. However, Michael Saylor, MicroStrategy’s chairman, has repeatedly noted that the company would not sell its holdings. “Our strategy is to buy and hold Bitcoin, and the key for us is to be consistent, transparent and responsible in the pursuit of that strategy,” he said in a CNBC interview, early this year.
20 minutes ago
MicroStrategy just bought hundreds of millions more in Bitcoin
Recently on Michael Saylor, founder of MicroStrategy, announced that the company has bought more Bitcoin. Specifically, MicroStrategy purchased a total of 5,445 BTC (about $147.3 million). As of now the company holds 158,245 BTC at an Medium price of 29,582 USD per Bitcoin Previously in a The article MicroStrategy just bought hundreds of millions more dollars in Bitcoin appeared first on Knowledge day, 24H crypto news.
44 minutes ago
Bloomberg Analyst: Bitcoin ETF Will Enter Fee War
Eric Balchunas, senior ETF analyst at Bloomberg, wrote that Schwab has just announced that they will cut the fees for TIPS bond ETFs and high-yield ETFs to 3 basis points (to match their other product portfolios). Surprisingly, H/Y funds are trading at 3 basis points, which is below the SPDR's recent cut to 5 basis points, which I think may be the bottom. For all my new (or old) crypto followers, this is a great example of the kind of brutal fee war you'll see in Bitcoin ETFs. Issuers live in hell so investors can go to heaven and cryptocurrency exchanges lose business. As previously reported, SEC-registered investment adviser Roundhill Investments revealed that the management fee for its Ethereum Futures ETF (ETHX) is 0.19%. The CEO of Grayscale said that when Grayscale Bitcoin Trust GBTC converts to a spot Bitcoin ETF, it will definitely reduce management fees. The current annual GBTC management fee is 2%.
Tap Chi Bitcoin
an hour ago
Crypto News September 25: Bitcoin is likely to set a new ATH by the end of 2025 with news on Ethereum, Ripple, BNB, TRON, BONE, AI
From the prediction that Bitcoin will hit a new ATH in 2025 to Amazon agreeing to invest 4 billion USD in Anthropic, an artificial intelligence startup. Here are some outstanding news in the crypto market. Bitcoin News One Analyst Continues to Attract a Watcher […] The post Crypto News September 25: Bitcoin is likely to set a new ATH by the end of 2025 with news on Ethereum, Ripple, BNB, TRON, BONE, AI appeared first on .
an hour ago
MicroStrategy purchases 5,445 additional Bitcoins... "We are the sports car of the cryptocurrency industry"
▲ Source: Michael Saylor Twitter © Coin Leaders MicroStrategy founder Michael Saylor announced on the 25th (local time) through According to Saylor, as of September 24th, MicroStrategy held 158,245 BTC (average $29,582)...
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2 hours ago
Is the boss overturning his fortune when he buys coins? 7 listed companies are making huge profits and losing money! Everyone is responsible for eating melons rationally. What do you think?丨Encryption is beautiful 2023#crypto #web3 #blockchain technology #btc #Ethereum#ETH
Eat melons quickly and pick up cheap chips! In the Bitcoin bull market in 2020, a large number of traditional institutions entered the market. Including: Tesla, MicroStrategy, Galaxy Digital, Meitu, etc. 10 minutes to help you understand each institution and at what price you bought it. Some people make huge profits, and some people lose blood. 0:00- Introduction 0:59- MicroStrategy 3:37-Galaxy Digital 6:09- Tesla 8:15- Block Inc 9:48-Hut 8 Mining Corp 10:40-Marathon Digit...
3 hours ago
How Much Should You Invest in Ripple (XRP) to Become a Millionaire in Next Bull Market?
Ripple is widely recognized within the cryptocurrency community. And followers of digital assets have been keeping a close eye on the company’s ongoing legal battle with the US Securities and Exchange...
3 hours ago
Ethereum (ETH) Falls Below $1,600 – Vitalik Buterin Could Sell 400 More ETH Tokens
Ethereum’s (ETH) price failed to sustain the increase that began on Sept. 12. The $1,650 horizontal resistance area rejected the price. While the ETH/USD trend still seems bearish, the ETH/BTC analysi...
4 hours ago
Bitcoin Price Prediction: BTC Under $27K amid Fed's Stance, Options Expiry, & ETF Awaits
Bitcoin (BTC) was unable to maintain its upward rally from the previous week and remained below the $27,000 mark on Monday. In fact, the overall cryptocurrency market was valued at $1.04 trillion at t...
4 hours ago
Should the market fall first before a big rise? Share a method to find skyrocketing coins!
There are two hot spots recently that you may want to pay attention to, as there are potential opportunities. 1. LUNA, USTC, LUNC On the day of the Mid-Autumn Festival in 2022, LUNA increased three times. Koreans also have Mid-Autumn Festival and enjoy the moon. LUNA, the moon goddess, is the anticipation of the Mid-Autumn Festival. There are actually 2 changes: 1. Before the Mid-Autumn Festival, emotions will brew, retail investors will buy, and there will be a slight advancement in price comparison. 2. As the Mid-Autumn Festival approaches, what will happen to everyone if the benefits are not fulfilled? Position, here is the opposite, it is also a short...
4 hours ago
Compilation of exclusive interviews with Vitalik｜Criticizing CBDC, praising Binance, what are your expectations for Ethereum in the next decade?
Vitalik Buterin, co-founder of Ethereum, recently attended the ETHPrague 2023 Summit and accepted an exclusive interview with CNBC. He praised the popularity of Binance in countries such as Argentina, criticized CBDC, and emphasized that the censorship resistance of proof of equity is much higher than that of proof of work. . Table of contents Toggle - Ethereum’s next decade: building real-world applications - Cryptocurrencies provide valuable value to emerging countries - Vitalik: Everyone is using Binance - CBDC = bank front-end - Proof of Stake (Po...
4 hours ago
There are only more than 200 days left before Bitcoin’s “halving”! Should we “surrender” before facing a big rise?
There are only about 213 days left before the Bitcoin reward halving will occur next year. At that time, the mining reward for each block generated will only be 3.125 Bitcoins. This paves the way to eliminate deflation and trigger a rise in currency prices, and the cryptocurrency mania Investors are also eager to welcome the expected surge in gains and eliminate the current short market downturn. However, before such expectations are realized, the bears may still make a final blow and continue to suppress the bulls. According to Rekt Capital, before the halving event, Bitcoin usually goes through a "relief period" before the price drops sharply...
4 hours ago
Stablecoin issuance continues to decline for a year and a half: Why are investors fleeing crypto havens?
Contents of this article - Reasons for stablecoin outflows - Long-term explosion in the supply of circulating stablecoins - rate of return - Tokenized fiat currency - Can PayPal’s stablecoin turn things around? In a year filled with uncertainty for the cryptocurrency space, a new trend is taking shape: The exodus from stablecoins has now continued for 18 consecutive months, with stablecoins’ market dominance falling to 11.6%. The stablecoin industry's total market capitalization was $124 billion in July, according to a report from CCData, and amid an 18-month decline, most major stablecoins...
5 hours ago
Mixin: OG gathers together, laughs and cheers, fans sweat and sweat
Author: Jessy, Maxwell, Climber, Jinse Finance On September 25, Slow Mist MistTrack posted on social media that the Mixin Network cloud service provider database was attacked, involving an amount of approximately US$200 million. The news broke out and caused heated discussions in the crypto. This was mainly because the well-known KOL Li Xiaolai was one of the early investors of Mixin Network. In addition, Mixin Network is also a model of making a fortune silently, and has been ranked in the DeFiLlama TVL ranking for a long time...