MicroStrategy announces another stock purchase to buy BTC. BTC briefly hit a Long Wick Candle at 94K, while ETH dropped to 3,500.

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Yesterday, the three major US stock indexes all closed down. AI giant Nvidia fell nearly 3% due to an antitrust investigation in China, and the market is awaiting the CPI report on Wednesday and the PPI report on Thursday. The situation in the Middle East is tense, with the collapse of Syrian President Bashar al-Assad causing gold to rise. MicroStrategy announced the issuance of new shares to buy BTC, but the entire cryptocurrency market fell, with BTC plummeting to a long wick candle of 94K at one point, and ETH price dropping to $3,500, causing $1.71 billion worth of liquidation in the past 24 hours.

MicroStrategy issues new shares to buy BTC

MicroStrategy, a self-proclaimed BTC development company, announced that it has acquired 21,550 BTC at an average cost of approximately $98,783 per BTC, with a total expenditure of approximately $2.1 billion. It has achieved a BTC yield of 43.2% year-to-date and 68.7% year-to-date. As of December 8, 2024, MicroStrategy has acquired 423,650 BTC at a price of approximately $25.6 billion, with an average cost of approximately $60,324 per BTC.

According to the documents submitted by MicroStrategy, the funds for this purchase of BTC came from the issuance of new shares. MicroStrategy sold a total of 5,418,449 shares between December 2 and December 8, 2024, with a total net income of approximately 2.13 billion US dollars.

(Understanding MicroStrategy from Scratch: The Transformation from Business Intelligence (BI) to the BTC Empire)

BTC Long Wick Candle 94K, ETH price drops至 3,500 美元

BTC plummeted to 94,150 this morning, while Ethercoin experienced a Long Wick Candle to 3,509 USD. A total of 1.71 billion USD was liquidated across the network in 24 hours, with ETH being the majority. The forced liquidation amount in 24 hours was 240 million USD for ETH and 180 million USD for BTC. Other competitive coins such as DOGE, XRP, SOL, etc., also suffered. This indicates that the current market's fear of missing out sentiment has significantly shifted to other coins with lower liquidity. Investors need to pay attention to their own risk management.

This article MicroStrategy announced the issuance of new shares to buy BTC again, BTC once Long Wick Candle 94K, and ETH fell to 3,500 first appeared on Chain News ABMedia.

BTC0.95%
ETH3.83%
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· 2024-12-10 00:25
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· 2024-12-10 00:23
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· 2024-12-10 00:20
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