MicroStrategy, a global business analytics and software company, bought Bitcoin for a record $4.6 billion and announced plans to use the capital markets to further accelerate its acquisition of the cryptocurrency.
Since MicroStrategy’s strategy is to buy digital assets, the company acquired about 51,780 Bitcoins between Nov. 11 and Nov. 17, according to a filing with the US Securities and Exchange Commission on Monday. This was preceded by the purchase of over 27,000 Bitcoins between October 31 and November 10 and two large purchases in September. This means that the company now owns the said cryptocurrency for 30 billion dollars, according to Yahoo finance.
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On Monday, the price of bitcoin rose to nearly $90,000 on the back of Donald Trump’s re-election. According to Roman German, leader of the crypto club and investor, bitcoin will rise to almost a quarter of a million dollars in four years.
Recently hitting a new record high, bitcoin has attracted the interest of both money managers and analysts. Both parties predict that crypto assets will cross the million mark.
Bitcoin hit another record high, rising above $93,000 for the first time. President-elect Donald Trump’s rhetorical support for crypto products has been influential for traders, Yahoo Finance reported.
Sun Investment Group (SIG), a solar energy development group registered in Lithuania, offers secured bonds with a 2-year term and 11.5% annual interest during the public bond issue until November 22, with the aim of raising up to 8 million euros from investors.
Source: www.aripaev.ee
