Altcoin News Official TheBitTimes.com

According to Michael Saylor’s latest announcement, the world’s largest bitcoin holding company now owns 528,185 BTC. That is more than 2.6% of bitcoin’s circulating supply. Personally, Saylor also owns at least 17,000 additional bitcoin. Combined, therefore, he and the company he founded own over 2.7% of bitcoin’s $1.6 trillion market capitalization. MicroStrategy, doing business as Strategy, is a highly leveraged speculator on bitcoin’s price. Strategy currently owes $8.2 billion in US dollar-denominated debts. In addition, Strategy has dividend obligations to two preferred series of shareholders, STRK and STRF. Michael Saylor’s Strategy makes up metrics to explain MSTR dilution Read more: Michael Saylor suggests selling kidneys as bitcoin dips below $80K Blessed with an avid fan base of investors who think that the bitcoin-acquiring company is worth more than the bitcoin it has acquired, its MSTR common shares trade at a curious premium to the assets that back ...

Ripple co-founder and executive chairman Chris Larsen has donated $10 million in XRP to a Political Action Committee (PAC) that supports Democratic presidential candidate Kamala Harris. “It’s time for the Democrats to have a new approach to tech innovation, including crypto,” Larsen said in an Oct. 21 post on X . Harris “will ensure that American technology dominates the world,” he added. Larsen has become the crypto industry’s biggest supporter of Harris, who is seen as less pro-crypto than Trump. Records from the Federal Election Commission show that the Ripple executive had previously donated $1.75 million to the PAC. He has also donated hundreds of thousands of dollars to Democratic congressional campaigns. Brad Garlinghouse Supports Chris Larsen’s Decision To Back Harris Ripple CEO Brad Garlinghouse commented under Larsen’s X post, saying that he respects his colleague’s decision to support the candidate that he thinks ...