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...

Growing operational costs, lack of trust, and legal scrutiny mark massive losses for crypto market maker s.  The once lucrative crypto market making sector is navigating choppy waters, with soaring operational costs and a $2 trillion market slump. The latest wrinkle is a loss of trust in market makers, fueled by a spate of legal accusations against key players like Wintermute Trading Ltd. Major liquidity providers such as Auros and GSR Markets Ltd. are diversifying across exchanges, using off-platform storage for digital assets, and even deploying borrowed tokens as collateral. However, this dependency on third parties and intermediaries is contributing to a 20 to 30% drop in profit ability.  Crypto market makers are struggling with community trust Le Shi, the head of trading at Auros, told Bloomberg in a recent interview that the whole sector has been rattled by the fall of FTX. The exchange’s massive fall from grace has forced firms to reevaluate their risk management str...