Cointime

Cointime

Download App
iOS & Android
Home / Tech

MicroStrategy now earns more than $50 million on $4.68 billion in Bitcoin investments

According to the rise in the price of Bitcoin, MicroStrategy is once again profitable on its $4.68 billion Bitcoin investment; its average purchase price of Bitcoin is $29,582, and if calculated at the price of $29,913 at the time of publication, the profit per coin is $331. MicroStrategy holds 158,245 Bitcoins, with a total profit of $52.38 million. In addition, MicroStrategy's stock price closed at $348 on Friday this week. Previously, on September 25th, MicroStrategy purchased 5,445 Bitcoins for approximately $147.3 million, with an average price of 27,053 USDT; as of September 24th, it held a total of 158,245 Bitcoins, with an average holding price of 29,582 USDT, worth over $4.68 billion.

MicroStrategy
Comments

All Comments

Recommended for you

  • Curve founder: $10 million of CRV bad debts on Curve lending platform have been fully repaid

    Curve founder Michael Egorov tweeted that he has fully repaid the $10 million bad debt caused by the UwU Lend security incident that triggered the liquidation of CRV lending positions.

  • Curve founder CRV's loan position liquidation was triggered by the UwU Lend security incident

    Michael Egorov, the founder of Curve, stated through a representative on Telegram on Friday that a vulnerability in UwU Lend caused a series of events that led to Curve's massive liquidation on Thursday. Egorov used Curve's CRV token as collateral to obtain a $100 million loan from various protocols, which began automatic liquidation on Thursday, causing the token to drop 30%, then briefly recover.Egorov said, "On April 15, UwU Lend deployed vulnerable code for the sUSDe market, which is not isolated, so the entire platform bears the risk. UwU was hacked, and as part of the cash-out operation, the hacker deposited the stolen CRV from UwU into lending.curve.fi (Llama Lend), then disappeared with the funds, leaving the debt in the system."Egorov estimates that the bad debt in the specific CRV lending pool is $10 million (already repaid 93%). Although this market is completely isolated from other lending pools, as long as the bad debt exists, CRV depositors cannot withdraw their funds. However, Egorov said that this situation may help strengthen Curve's security measures and lending mechanisms, and may provide better services to users in the coming months.

  • Chairman of the U.S. SEC: The economic substance of a product determines whether it is a security under the Securities Act

    The US Securities and Exchange Commission (SEC) announced that Terraform Labs PTE, Ltd. and Do Kwon have agreed to pay over $4.5 billion.SEC Chairman Gary Gensler stated: "This case confirms the repeated fact that the economic substance of a product, not labels, promotion, or hype, determines whether it is a security under securities laws. Terraform and Do Kwon's fraudulent conduct reminds us that investors are harmed when companies break the law."

  • LayerZero Co-creation: 23.8% of the total tokens will be allocated to the community and builders

    LayerZero co-founder Bryan Pellegrino posted on social media about the approximate distribution of LayerZero's token ZRO, stating that 23.8% of ZRO token supply will directly flow to the community and builders. Among them, 8.5% will be distributed on the first day (5% core, 3% RFP, 0.5% community pool).The rest will be distributed over the next 36 months, with additional retrospective allocations every 12 months, as well as some forward-looking RFPs for builders.

  • Bloomberg ETF Analyst: Ethereum Spot ETF Launch Date May Be Advance to July 2

    PANews reported that Eric Balchunas, an ETF analyst at Bloomberg, tweeted that the launch date of the Ethereum spot ETF may be moved up to July 2nd. It is said that staff members sent comments on the S-1 to the issuer today, which were brief and requested a response within a week. They are likely to announce its effectiveness next week and resolve the issue before the holiday.

  • Gemini to Pay $50 Million to Gemini Earn Investors, Reaches Settlement with New York Attorney General’s Office

    According to Bloomberg, cryptocurrency exchange Gemini has reached a settlement with the New York Attorney General's Office over a fraud lawsuit, agreeing to pay $50 million worth of digital assets to Gemini Earn investors. As part of the settlement agreement, Gemini Earn is also prohibited from operating in the state. Gemini said in a statement on Friday that the final distribution of proceeds will arrive in customer accounts within seven days.Previously, New York Attorney General Letitia James sued Gemini in October last year, accusing the platform of misleading investors in the Gemini Earn project, resulting in losses of over $1 billion.

  • Bitcoin L2 Stacks was down for nearly 9 hours yesterday due to Bitcoin reorganization and unexpected miner behavior

    Bitcoin's L2 expansion network, Stacks, experienced downtime on Friday, stopping block production for nearly 9 hours. This event was caused by Bitcoin reorganization (reorg) and "unexpected miner behavior," causing STX prices to drop 12% that day. "Unexpected miner behavior" may refer to miners not updating their software or coordinating effectively to respond to Bitcoin reorg, causing block production delays and implying technical or operational issues among miners. Stacks co-founder Muneeb Ali pointed out that the upcoming Nakamoto upgrade focuses on a new consensus mechanism aimed at eliminating the possibility of forks and reducing the impact of Bitcoin reorg. The Nakamoto upgrade was originally expected to be launched in late spring, but due to potential issues being too severe to be resolved in subsequent updates, it was postponed at the last minute and is now planned to be released in August.

  • Solana plans to release the full version of the Firedancer upgrade in 2025, with a “lite version” to be released before then

    Kuleen Nimkar, the head of DePIN at the Solana Foundation, stated that Solana plans to release a "slimmed-down version" of the Firedancer upgrade before launching the full version in 2025. This upgrade aims to enhance Solana's overall reliability and scalability as the network activity of the decentralized infrastructure protocol (DePIN) continues to grow.

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

  • Renault's BWT Alpine F1 Team announces partnership with ApeCoinDAO

    The BWT Alpine F1 team under Renault announced a partnership with ApeCoinDAO on X platform, which will introduce APE into the Alpine F1 ecosystem and collaborate with global token holders to launch peripheral products and digital assets inspired by the first ApeCoin. It is reported that according to the cooperation between the two parties, in the future, BAYC NFTs may be able to wear equipment and clothing with the Alpine team logo.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company