Major virtual assets are in a downward trend.
As of 1:35 pm on October 31st, based on Bithumb, BTC rose 0.03% from the previous day to 105,120,000 won. ETH fell 2.02% to 36,830,000 won, BNB fell 1.26% to 822,500 won, SOL fell 0.20% to 2,435,000 won, and XRP fell 0.69% to 724 won.
The international market is mixed.
At the same time, on CoinMarketCap, BTC recorded $72,304.83, up 0.04% from the previous day. ETH rose 0.23% to $2,648.60, BNB fell 1.83% to $591.69, SOL fell 3.07% to $174.82, and XRP fell 0.84% to $0.5212.
The total market capitalization of virtual assets is the same as the previous day, at about $2.43 trillion (about 335.19 trillion won). The Crypto Fear and Greed Index of the virtual asset data company Alternative.me is 77 points, the same as the previous day, indicating 'extreme greed'.
MicroStrategy, the company with the largest BTC holdings in the world, is raising $42 billion to purchase additional BTC.
On October 30th (local time), MicroStrategy announced on its official website that it will invest in BTC by raising $21 billion each through the issuance of stocks and bonds over the next 3 years. MicroStrategy CEO Phong Le said, "This is a decision to increase the company's profits" and "We plan to invest additional capital to purchase more BTC".
As of 11 am today, based on CoinMarketCap, the price of BTC is $72,287. If MicroStrategy purchases BTC with $42 billion, it will acquire about 580,000 additional BTC, which is about 2.7% of the total BTC supply (21 million). According to the Q3 earnings report released on the same day, MicroStrategy currently holds 252,220 BTC.
- Choi Jae-heon, Reporter
- chsn12@decenter.kr
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