MicroStrategy is planning to raise $42B to invest in even more
Bitcoin over the next three years, despite posting a third straight loss on their Bitcoin impairment charge. The company has announced its third-quarter 2024 financial results and a capital plan of $42 billion, holding 252,220 BTC that has yielded 17.8% so far.
Bitcoin hit a seven-month high, as post-election and inflation uncertainties loom, surpassing the $73,000 mark. As the US plans to resolve their debt crisis, some anticipate that Bitcoin's value will triple.
Reddit has offloaded most of their Bitcoin and Ether holdings, despite this being Bitcoin's best year ever. Florida officials have proposed to invest in Bitcoin for their state pension funds for strategic growth. Meanwhile, countries and politicians worldwide are rushing to support Bitcoin, which is reportedly on track to hit $100K by 2025. Despite this, some caution that the worst is yet to come. Recent
cryptocurrency price movements showed Bitcoin ETFs recording $870M inflows as BTC flirts with lifetime highs. Despite numerous positive outcomes, Bitcoin's increasing popularity doesn't affect Tesla's market moves anymore. Furthermore, experts suggest further Bitcoin price increases and potential record-breaking highs in the near future.
Bitcoin News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Wed, 30 Oct 2024 22:17:11 GMT -
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- Rumor -3
