\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n

A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.<\/p>\n\n\n\n

According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n

A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"Bitcoin
ETH\/USD<\/a> might pull back above $2,700 as the price holds above the support at $2,400. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.<\/p>\n\n\n\n

According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n

A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Bitcoin Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
\"Bitcoin
ETH\/USD<\/a> might pull back above $2,700 as the price holds above the support at $2,400. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.<\/p>\n\n\n\n

According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n

A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • ETH\/USD is expected to be cruising towards $2,700 as long as the price holds above the psychological support at $2.4K.<\/li>\n<\/ul>\n\n\n\n

    Bitcoin Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
    \"Bitcoin
    ETH\/USD<\/a> might pull back above $2,700 as the price holds above the support at $2,400. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.<\/p>\n\n\n\n

    According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n

    A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

    Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

    At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

    Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

    Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

    See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

    Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

    Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

    MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The RSI at 46.07 (below 50) is yet to confirm a bullish momentum.<\/li>\n\n\n\n
  • ETH\/USD is expected to be cruising towards $2,700 as long as the price holds above the psychological support at $2.4K.<\/li>\n<\/ul>\n\n\n\n

    Bitcoin Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
    \"Bitcoin
    ETH\/USD<\/a> might pull back above $2,700 as the price holds above the support at $2,400. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.<\/p>\n\n\n\n

    According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n

    A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

    Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

    At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

    Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

    Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

    See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

    Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

    Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

    MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Ethereum passed the $2,400 resistance after the price denied a move below $2,110.<\/li>\n\n\n\n
  • The RSI at 46.07 (below 50) is yet to confirm a bullish momentum.<\/li>\n\n\n\n
  • ETH\/USD is expected to be cruising towards $2,700 as long as the price holds above the psychological support at $2.4K.<\/li>\n<\/ul>\n\n\n\n

    Bitcoin Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
    \"Bitcoin
    ETH\/USD<\/a> might pull back above $2,700 as the price holds above the support at $2,400. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.<\/p>\n\n\n\n

    According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n

    A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18671,"post_author":"15","post_date":"2024-09-14 21:06:06","post_date_gmt":"2024-09-14 11:06:06","post_content":"\n

    Michael Saylor of MicroStrategy has announced <\/a>the acquisition of 18,300 Bitcoin for $1.11 billion. Its total holdings grew to 244,800 BTC purchased at a combined cost of $9.45 billion.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/saylor\/status\/1834564555944481227\n<\/div><\/figure>\n\n\n\n

    At current market prices, MicroStrategy's Bitcoin holdings are valued at over $14.6 billion. The company\u2019s stock price has surged to 6.7% alongside its growing Bitcoin reserves.<\/p>\n\n\n\n

    Despite the challenging market conditions in 2024, MicroStrategy remains committed to its long-term Bitcoin strategy. The company views Bitcoin as a superior treasury asset compared to cash, which is vulnerable to inflation.<\/p>\n\n\n\n

    Just this year, Microstrategy purchased a total of 55,659 BTC which is about 25% of its portfolio. <\/p>\n\n\n\n

    See Related:<\/em><\/strong> MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio<\/a><\/p>\n\n\n\n

    Microstrategy Bitcoin Game Plan<\/h2>\n\n\n\n

    Last August 1, Microstrategy announced <\/a>that it was planning to raise $2 billion where proceeds go to buying more Bitcoin. The company started adding Bitcoin to its portfolio in 2020 and only sold <\/a>704 BTC once just to benefit from the tax.<\/p>\n\n\n\n

    MicroStrategy's approach has attracted followers, with companies like Semler Scientific and Metaplanet adopting similar strategies. As of August 26, Semler Scientific holds 1,012 BTC, while Metaplanet holds 398.8 BTC as of September 12.<\/p>\n","post_title":"MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-bitcoin-holdings-soar-to-14-6b-after-massive-1-11-billion-purchase","to_ping":"","pinged":"","post_modified":"2024-09-14 21:06:10","post_modified_gmt":"2024-09-14 11:06:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18671","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n