Posts

Showing posts with the label institutional investors

Michael Saylor’s Strategy Buys Another $217.4 Million Bitcoin

Image
Strategy, the Bitcoin treasury firm led by Michael Saylor, has bought an additional $217.4 million worth of BTC. According to a Sept. 8 8-K filing with the US Securities and Exchange Commission (SEC), the company bought 638,460 BTC between Sept. 2 and Sept. 7 at an average purchase price of $111,196.  Strategy’s latest Bitcoin purchase was funded by the proceeds from at-the-market sales of its Class A common stock, MSTR, perpetual Strike preferred stock, STRK, and perpetual Strife preferred stock, STRF.  Relentless Dilution, Underperformance Saylor said on X that Strategy’s holdings now stand at 638,460 BTC, or 3% of Bitcoin’s 21 million supply, acquired for $47.17 billion. The average acquisition price for these coins is around $73,880, he added. Strategy has acquired 1,955 BTC for ~$217.4 million at ~$111,196 per bitcoin and has achieved BTC Yield of 25.8% YTD 2025. As of 9/7/2025, we hodl 638,460 $BTC acquired for ~$47.17 billion at ~$73,880 per bit...

Florida CFO Says State Holds $800M in Crypto Investments

Image
In what is a massive development for the digital asset industry at large, Florida’s Chief Financial Officer (CFO), Jimmy Patronis, recently said the state holds $800 million in crypto-related investments. Indeed, speaking to CNBC, Patronis discussed the asset class and its growing importance. Moreover, the discussion outlined the state’s continued commitment to increasing its exposure to the technology. Not only does it already boast impressive crypto investments, but that trend is not one that the state expects to slow any time soon. Over the next year, state investment into crypto products could be set to magnify. JUST IN: Florida's Chief Financial Officer says the state holds over $800 million in crypto-related investments. — Watcher.Guru (@WatcherGuru) November 1, 2024 Also Read: Florida Eyes State Bitcoin Stockpile for Retirees, Inspired By Trump Florida Discloses Crypto Investments as CFO Highlights Importance of the Asset Class There is no denying that 2024 may...

Google Search for “Bitcoin” at a yearly low

Image
Despite Bitcoin (BTC) trading at an impressive $68,000, up 1% on the day and 11.30% over the past week, adding a hefty $130 billion to its market cap—Google Search trends tell a different story.  Finbold Research discovered via Google Trends that search interest for “Bitcoin” has fallen to a yearly low of 33. For comparison, during the same period last year, when BTC was trading at just $28,700, search interest was at 34. Google Trends Bitcoin search. Source: Google Trends Interestingly, this low level of search interest has been consistent, remaining at 33 for the periods spanning from September 29 to October 19. This stands in stark contrast to March 2024, when Bitcoin hit a search interest high of 100, while the price hovered between $62,000 and $68,000.  Picks for you Crypto market prediction for November 2024 ...