Bitcoin fell ~5% to ~$81K, ether dropped 7%, and Solana fell 13% after President Trump unveiled new tariffs; Coinbase's and MicroStrategy's shares are down 6%+
Bitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump's big tariffs reveal jolted the stock market.
Strategy, formerly MicroStrategy, bought 20,356 bitcoin for $1.99B between February 18 and 23, taking its holdings to 499,096, worth $47B, or 2.3% of BTC supply
- Strategy has purchased another 20,356 BTC for approximately $2 billion at an average price of $97,514 per bitcoin.
Data from crypto security company Coinkite shows 78 listed companies globally are following MicroStrategy's example in buying bitcoin to hold in place of cash
Nikou Asgari / Financial Times :
MicroStrategy rebrands as Strategy; its new logo has a stylized “B” for its BTC strategy and orange is its primary color for “energy, intelligence, and Bitcoin”
Strategy unveils new name, Bitcoin logo, and orange brand color AJ Dellinger / Gizmodo : MicroStrategy Says Drop the Micro, It's Cleaner Tanaya Macheel / CNBC : Wall Street analysts cheer greater clar...
MicroStrategy says it didn't buy any bitcoin in the prior week, ending 12 consecutive weekly purchases worth $20B+ starting in October 2024, and holds ~$44.7B
Monique Mulima / Bloomberg :
MicroStrategy bought 11K bitcoin for ~$1.1B from January 13 to 20, at an average of $101,191 per BTC, taking its holding to 461K, worth $48B+, or 2%+ of supply
- MicroStrategy has purchased another 11,000 BTC for approximately $1.1 billion at an average price of $101,191 per bitcoin.
AppLovin was 2024's top performing US tech stock, up 758% as of December 24, followed by MicroStrategy, up 467%, and Palantir, up 380%; the Nasdaq jumped 33%
Artificial intelligence is still an abstract concept for many everyday consumers unsure about how it will change their lives.
MicroStrategy, Palantir, and Axon will join the Nasdaq 100 index, effective before the market open on December 23; Super Micro will be removed from the index
MicroStrategy, the preferred high beta play on the price of bitcoin, will join the Nasdaq 100 index, a move that could further increase demand …
MicroStrategy is now the largest corporate holder of bitcoins, owning ~2% of them, and its stock is up 450%+ this year, as its risky bitcoin strategy continues
Craig Coben / Financial Times :
MicroStrategy is now the largest corporate holder of bitcoins, owning ~2% of them, and its stock is up 450%+ this year, as its risky bitcoin strategy continues
Craig Coben / Financial Times :