NFT News Daily Today TheBitTimes.com

MicroStrategy, led by Michael Saylor, is now reaping the rewards of its $4.68 billion Bitcoin (BTC) investment. The Tysons, Virginia-based company now enjoys a profit of $343 per BTC, thanks to the recent surge in the orange coin’s price. MicroStrategy’s Bitcoin bet paying off MicroStrategy’s impressive journey into the super-volatile world of Bitcoin investment is now yielding dividends, thanks to the latest Bitcoin price increase. With a calculated and strategic approach, the company is not only profitable but also looking to expand further. MicroStrategy’s story starts with its initial Bitcoin investment, made at an average purchase price of $29,582 per BTC.  With Bitcoin prices hovering around $29,925, the company currently holds a substantial profit of $343 per BTC. In total, they possess 158,245 BTC, resulting in an overall profit of $54.27 million. However, MicroStrategy is not resting on its laurels. The company has announced plans to acqui...

Bitcoin price is showing some strength, and charts suggest BNB, LTC, OKB and QNT could follow? The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins.  Additionally, BlackRock’s application to launch a Bitcoin spot price exchange-traded fund and the sustained strength in the United States equities markets may have helped improve crypto sentiment. Bitcoin is on track to finish the week with a minor gain of 2% and institutional buying in the Grayscale Bitcoin Trust reduced its discount to Bitcoin spot from 44% on June 13 to 36.6%, according to CoinGlass data. Crypto market data daily view. Source: Coin360 Although Bitcoin and select altcoins are trying to start a relief rally, the overall trend remains bearish. Therefore, short-term traders who buy for a pullback should consider booking profits or tightening their stops ...