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Cryptocurrency News Articles
MicroStrategy Extends Bitcoin Buying Spree, Buys 5,262 BTC for $561M
Dec 23, 2024 at 11:56 pm
MicroStrategy extended its weekly Bitcoin buying spree for the seventh consecutive time, solidifying its position as the largest corporate Bitcoin holder with nearly $45 billion in assets.
MicroStrategy Technologies Inc (NASDAQ:MSTR) has added to its Bitcoin (CRYPTO:BTC) buying spree for the seventh consecutive week.
What Happened: MicroStrategy announced Monday that it purchased an additional 5,262 Bitcoin for approximately $561 million at an average price of $106,662 per coin before the recent market correction.
The Virginia-based software company now holds a total of 444,262 Bitcoin, valued at $45 billion based on Monday's closing price for the cryptocurrency.
MicroStrategy's total Bitcoin purchase price now stands at $27.7 billion, giving the company an unrealized gain of $14.9 billion.
The company disclosed in a Form 8-K filing with the Securities and Exchange Commission that it had sold approximately 1.32 million shares of MSTR convertible notes, raising over $7 billion. The funds are reportedly intended for further Bitcoin acquisitions.
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- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
