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MicroStrategy Buys Another $50M Worth of Bitcoin
MicroStrategy Buys Another $50M Worth of Bitcoin
News  •  Bitcoin  •  Dec 03, 2020 by Nick Chong

On the afternoon of December 4th, MicroStrategy CEO Michael Saylor announced that his company had purchased another $50 million worth of bitcoin, detailing that the company acquired 2,574 coins at an average price of $19,427 each. Bitcoin's current value sits at $19,000 as per Tradingview.

$500B Is the "Wrong Market Cap" for Bitcoin: Paul Tudor Jones
$500B Is the "Wrong Market Cap" for Bitcoin: Paul Tudor Jones
News  •  Markets  •  Dec 03, 2020 by Thomas M

Billionaire hedge fund manager Paul Tudor Jones first made waves in the wider Bitcoin space in May this year when he revealed that one percent of his assets is allocated to Bitcoin, the emergence of which he described as the historic “birthing of a store of value.”  In an interview

Ray Dalio: Bitcoin Could "Serve As a Diversifier to Gold"
Ray Dalio: Bitcoin Could "Serve As a Diversifier to Gold"

Up until recently, Wall Street investor Ray Dalio had been known as a Bitcoin skeptic. That appears to be changing. Dalio is the co-CIO of one of the world's largest investment funds, Bridgewater Associates. He is personally valued at $16.9 billion, according to Forbes.  In a Reddit

News  •  Bitcoin  •  Dec 08, 2020
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Ray Dalio: Bitcoin Could "Serve As a Diversifier to Gold"
Ray Dalio: Bitcoin Could "Serve As a Diversifier to Gold"

Up until recently, Wall Street investor Ray Dalio had been known as a Bitcoin skeptic. That appears to be changing. Dalio is the co-CIO of one of the world's largest investment funds, Bridgewater Associates. He is personally valued at $16.9 billion, according to Forbes.  In a Reddit

News  •  Bitcoin  •  Dec 08, 2020
MicroStrategy Buys Another $50M Worth of Bitcoin
MicroStrategy Buys Another $50M Worth of Bitcoin

On the afternoon of December 4th, MicroStrategy CEO Michael Saylor announced that his company had purchased another $50 million worth of bitcoin, detailing that the company acquired 2,574 coins at an average price of $19,427 each. Bitcoin's current value sits at $19,000 as per Tradingview.

News  •  Bitcoin  •  Dec 03, 2020
$500B Is the "Wrong Market Cap" for Bitcoin: Paul Tudor Jones
$500B Is the "Wrong Market Cap" for Bitcoin: Paul Tudor Jones

Billionaire hedge fund manager Paul Tudor Jones first made waves in the wider Bitcoin space in May this year when he revealed that one percent of his assets is allocated to Bitcoin, the emergence of which he described as the historic “birthing of a store of value.”  In an interview

News  •  Markets  •  Dec 03, 2020
Australian Investment Firm Invests in Bitcoin Futures
Australian Investment Firm Invests in Bitcoin Futures

According to Vimal Gor, head of bond, income, and defensive strategies of Australian investment manager Pendal Group, the asset manager now has "active positions in bitcoin futures."  Speaking to the Australian Financial Review, Gor said that the best way to play cryptocurrencies right now is Bitcoin. And at

News  •  Bitcoin  •  Nov 25, 2020
MicroStrategy's Stock Is Up 120% Since Bitcoin Purchase in August
MicroStrategy's Stock Is Up 120% Since Bitcoin Purchase in August

MicroStrategy shocked the world in August when it announced it would deploy $250 million from its balance sheet to buy bitcoin. The move represented the first time a publicly-traded corporation had bought bitcoin for investment purposes. MSTR, the company's stock, immediately rallied following the announcement as the market

News  •  Bitcoin  •  Nov 24, 2020
Online Poker Players Are Turning to Bitcoin Amid Surge Past $18,000
Online Poker Players Are Turning to Bitcoin Amid Surge Past $18,000

As Bitcoin has seen a strong surge in recent weeks, gaining 86 percent since September alone, when it sat around $10,000, online gamblers increasingly look to asset as a way to take profits. According to Bloomberg, Winning Poker Network, a network of online gambling sites, is paying 90 to

News  •  Bitcoin  •  Nov 19, 2020
CCB’s $3B Bond Purchasable with Bitcoin Has Been Postponed
CCB’s $3B Bond Purchasable with Bitcoin Has Been Postponed

China Construction Bank (CCB), the world’s second-largest financial player by market cap, has postponed the issuance of Longbond, a $3 billion blockchain-issued bond that would track the price of government bonds, as per a new announcement. “Per the request of the issuer, Longbond Ltd., the listing of Longbond SR

News  •  Bitcoin  •  Nov 18, 2020
Multi-Billion Dollar Fund SkyBridge Capital Might Soon Buy Bitcoin
Multi-Billion Dollar Fund SkyBridge Capital Might Soon Buy Bitcoin

Skybridge Capital, an alternative assets investment fund run by former Goldman Sachs banker and previously White House official Anthony Scaramucci, just revealed its intention to invest in Bitcoin. As first spotted by technology analyst Kevin Rooke, the firm submitted a series of filings to the Securities and Exchange Commission (SEC)

News  •  Bitcoin  •  Nov 15, 2020
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