On Tuesday, MicroStrategy submitted a filing to the United States Securities and Exchange Commission (SEC) indicating that the firm has taken an additional $10 million position in bitcoin:
"On February 2, 2021, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 295 bitcoins for $10.0 million in
In a testament to his support for Bitcoin, Miami mayor Francis Suarez announced on Wednesday that the Miami municipal webpage now hosts the Bitcoin white paper:
"The City of Miami believes in #Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation.
As Bitcoin has been experiencing accelerated institutional demand in recent months, one primary narrative has often stood out from the rest: a growing number of large investors can be observed comparing Bitcoin to gold and assigning it similar, if not better qualities as a store of value.
The latest to
Announced on Monday morning, Marathon Patent Group, a Bitcoin mining company based in North America, recently purchased $150 million worth of bitcoin. The purchase allowed the company to acquire 4,812.66 bitcoin, at an average price of $31,167. Bitcoin currently trades at $33,400 as per BTC Times
OKCoin announced on Friday that it will be integrating the Lightning Network to "create the best trading experience for [its] customers." The Lightning Network is Bitcoin's leading scaling solution that allows Bitcoin users to send transactions near-instantly and at negligible cost.
The feature is not live
In a written response to the Senate Finance Committee on Thursday, Janet Yellen elaborated on her view of Bitcoin and other cryptocurrencies, to which she attributes the potential to "improve the efficiency of the financial system."
Former Federal Reserve chair Yellen has been nominated by President-Elect Biden to
Since MicroStrategy bought bitcoin in August, its shares (MSTR) have risen by over 250 percent, according to data from Yahoo Finance.
The firm has continued to double down on bitcoin ever since its initial purchase in August, purchasing an additional $175 million worth of bitcoin in September and another $50
One of the biggest concerns shared about Bitcoin is that it is subject to intense regulatory risk. The oft-mentioned criticism is that if governments wanted to, they could prevent exchanges from selling bitcoin or from allowing individuals to withdraw bitcoin to their own addresses.
Bill Miller, a Wall Street value
