Share this article

MicroStrategy Buys $15M More of Bitcoin

As a result, MicroStrategy now holds about 91,579 bitcoin.

Updated Sep 14, 2021, 12:35 p.m. Published Apr 5, 2021, 12:26 p.m.
jwp-player-placeholder

MicroStrategy, the business intelligence firm that has made bitcoin its main treasury reserve, said it purchased about 253 more of the leading cryptocurrency for $15 million in cash.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

  • The Nasdaq-listed firm said it paid an average price of $59,339 per coin including fees and expenses.
  • As a result, MicroStrategy now holds about 91,579 bitcoin at a total purchase price of $2.23 billion, at an average price of $24,311 per coin.

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Binance to shift $1 billion user protection fund into bitcoin amid market rout

Binance

Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.

What to know:

  • Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
  • The exchange has pledged to replenish the fund to $1 billion if bitcoin price swings cause its value to fall below $800 million.
  • Binance framed the change as part of its long-term industry-building efforts.