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The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks. Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion. Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon’s PoS chain due to perceived risks from Polygon’s recent proposal to use over $1 billion in bridge stablecoins for yield generation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 16/12/2024 - 18:38 PM

BITCOIN MICROSTRATEGY

MicroStrategy acquires another 15,350 bitcoin for $1.5 billion, taking holdings to 439,000 BTC

MicroStrategy acquired 15,350 BTC for $1.5 billion, raising total holdings to 439,000 BTC worth over $45 billion, while joining Nasdaq 100 and eyeing S&P 500 inclusion.

theblock.co • 16/12/2024 - 13:12 PM

COINBASE MICROSTRATEGY

The Scoop: Bitcoin back on corporate balance sheets?

Corporate interest in bitcoin is resurging, encouraged by recent financial activities and analysts' bullish outlook despite previous regulatory challenges and a volatile market.

theblock.co • 12/12/2024 - 15:46 PM

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The Daily: Ray Dalio recommends bitcoin amid rising debt levels, MicroStrategy eyes Nasdaq 100 inclusion and more

Ray Dalio endorses bitcoin and gold as hard money, while analysts predict MicroStrategy's Nasdaq 100 inclusion. Citi highlights stablecoins' role in reinforcing the U.S. dollar.

theblock.co • 11/12/2024 - 18:49 PM

ANALYST REPORTS BITCOIN DONALD TRUMP INVESTMENT FIRMS MICROSTRATEGY SEC

Bernstein predicts MicroStrategy's momentum to further accelerate amid potential Nasdaq 100 inclusion

Bernstein analysts expect MicroStrategy's strong performance to continue with Nasdaq 100 inclusion, despite concerns over premiums to NAV and its heavy bitcoin investments.

theblock.co • 11/12/2024 - 12:01 PM

MICROSTRATEGY

MicroStrategy acquires another 21,550 bitcoin for roughly $2.1 billion

MicroStrategy acquired 21,550 bitcoin for $2.1 billion, raising total holdings to 423,650 bitcoin, boosting stock 480% year-to-date amid rising bitcoin prices.

theblock.co • 09/12/2024 - 13:40 PM

MICROSTRATEGY

As bitcoin treasury adoption grows, analysts say smaller-cap companies would be better served to follow MicroStrategy's lead

Tech giant Microsoft placed an “assessment in investing in bitcoin” as a shareholder voting item on the agenda for its annual meeting.

theblock.co • 28/11/2024 - 18:01 PM

BITCOIN MICROSTRATEGY

Visionary or 'financial comedy'? Market participants weigh MicroStrategy's stock premium amid bitcoin buying spree

MicroStrategy, with a market cap of around $85 billion, currently holds 331,200 bitcoin worth about $30 billion. The stock’s 440% year-to-date surge has baffled some financial pundits, while others have cheered its corporate strategy.

theblock.co • 26/11/2024 - 19:12 PM

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The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more

Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday. Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen. Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a record $109.8 billion in November so far, doubling Ethereum’s $55 billion. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 25/11/2024 - 19:15 PM

2024 ELECTIONS ASIAN PARLIAMENTS BITCOIN BITSTAMP BLACKROCK COINBASE COURT HEARINGS CRIME DONALD TRUMP FTX GARY GENSLER LAWSUITS MICROSTRATEGY ROBINHOOD SBF TRIAL SEC SPOT BITCOIN ETF TOKENS

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

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