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MicroStrategy buys nearly 80,000 BTC in November, outpacing US Bitcoin ETF purchases

The Michael Saylor-led firm now holds more than 330,000 BTC, which valued at around $30 billion.

CryptoSlate

Nov 18

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Happy Monday!

In today's CryptoSlate newsletter, we explore significant developments in the cryptocurrency world, including MicroStrategy's impressive acquisition of nearly 80,000 BTC this month, bringing its total holdings to over 330,000 BTC valued at around $30 billion. Meanwhile, Metaplanet is seeking $11 million for Bitcoin purchases by leveraging real estate and offering innovative benefits to shareholders. In Poland, a presidential candidate aims to establish a national Bitcoin reserve using insights from the Satoshi Action Fund. Lastly, Bitdeer reports a $50 million loss due to the Bitcoin halving and increased R&D expenses but remains committed to advancing its technology initiatives. Stay tuned for more insights on these impactful stories!

🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game.

The global crypto market cap is $3.1 trillion, with a 24-hour volume of $172.82 billion. The price of Bitcoin is $92,530.73, and BTC market dominance is 58.9%. The price of Ethereum is $3,155.94, and ETH market dominance is 12.2%. The best-performing sector is Advertising, which gained 12%. The Crypto Fear & Greed Index is currently Greed (83).

MicroStrategy buys nearly 80,000 BTC in November, outpacing US Bitcoin ETF purchases

The Michael Saylor-led firm now holds more than 330,000 BTC, which valued at around $30 billion.

📰 Top News

Metaplanet seeks $11M for Bitcoin buys, incentivizes shareholders with benefit program

Metaplanet leverages real estate to fund Bitcoin purchases while launching innovative shareholder benefits.

Poland presidential candidate wants to allow nation to hold Bitcoin with strategic reserve

The presidential hopeful plans to utilize the Satoshi Action Fund's model to guide Poland's Bitcoin reserve initiative if elected.

Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs

Despite losses, Bitdeer advances in strategic tech initiatives with successful SEALMINER A2 series launch.

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📈Latest Insights

Solana’s price could flip Tether’s USDT market cap at $270

Transform DeFi with EverValue's Bitcoin-Backed Token

EverValue's Bitcoin-backed EVA token drives DeFi growth, raising 75+ BTC & 120K USDT, with 100+ BTC in its Burn Vault. #ad

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Bitcoin futures break records with 29% OI surge in November

Sunday, November 17, 2024

Bitcoin derivatives market surges as institutional confidence grows amid post-election rally. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignation

Saturday, November 16, 2024

Gensler also excluded Ethereum and stablecoins from other digital assets which he deems 'non-compliant.' ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Trump could put billions into US Bitcoin reserve without Congress approval

Friday, November 15, 2024

David Bailey suggests over $10 billion could be put into a reserve before needing to get Congress to approve funding. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Bitcoin breaks yet another all-time high, now testing $92,000

Friday, November 15, 2024

Global digital market cap reaches $3.02 trillion as Bitcoin dominates, up 117% YTD. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

No capital tax on US crypto, Bitcoin reserve asset, nation state adoption – the biggest Trump rumors

Friday, November 15, 2024

Industry insiders speculate on a shift to create a Strategic Bitcoin Reserve, fostering US state-level crypto initiatives and potential federal backing. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏