Microstrategy Buys Another $489 Million Worth Of Bitcoin

Microstrategy Buys Another $489 Million Worth Of Bitcoin

2:05pm, 21st June, 2021
Microstrategy bought on Monday 13,005 Bitcoins worth about $489 million at an average price of $37,617 per . Now the business owns a total of 105,085 BTC that they bought for $2.74 billion. The average price per comes out to be $26,080. Microstrategy’s CEO Makes Bitcoin Acquisition Second Business Microstrategy’s primary business is software development. Michael Saylor, the CEO of the company, has added Bitcoin acquisition as a second mandate. BTC is down 8% to about $33k today as a result of China’s continued crackdowns on mining hubs. As Microstrategy’s stock is tied to BTC, it too fell over 6%. As of right now, the 105,085 BTC that Microstrategy holds is worth more than $3 billion. The software company acquired them at an average price of $26,080 per including fees and other expenses. Microstrategy had to take so that the firm could pick up more coins, and they seem to have doubled down even more on their Bitcoin pursuits after the $489 million buy today. Regarding their BTC business, Saylor : We rotated our shareholder base and transformed ourselves into a company that’s able to sell enterprise software and to acquire and hold bitcoin, and we’ve done it successfully with leverage. The software developer has also decided to sell so that they can fund more Bitcoin purchases All these purchases have been a big benefit for the company as the year-on-year revenue jumped to 10%. Saylor says: That has increased the power of the brand by a factor of 100. We just had our best software quarter … in the last 10 years last quarter Related Reading | Microstrategy has also seen the benefit in terms of stock value. In August last year, when they first started buying BTC, their stock price was around $120. Today, it is $580, a sharp increase of over 400%. The bitcoin business is driving shareholder returns. I think the employees are happy. The shareholders are happy. Bitcoin Price is down to $32,195 today. This value is 19% down compared to last week. While over the entire month, its down slightly less, around 15%. Here is a chart that showcases the current trend: BTC shows a downward trend, again | Source: BTCUSD on It looks like the market is bearish right now, and it’s unclear when it would change for the better. China’s crackdowns on crypto seem to be having a major effect on the price of BTC so the future of the market probably depends on that as well. Right now, China doesn’t seem to be slowing down. Related Reading | Some experts believe the market could correct itself to 1/2 of the value at $17k, and only after that a bullish pattern will make a return.
TA: Ethereum Resumes Decline, What Could Trigger Drop Below $2K

TA: Ethereum Resumes Decline, What Could Trigger Drop Below $2K

2:45am, 21st June, 2021
Ethereum remains in a bearish zone and it traded below $2,250 against the US Dollar. ETH price remains at a risk of more downsides below $2,000 in the near term. Ethereum extended its decline below the $2,250 and $2,150 levels. The price is now trading well below $2,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if the bulls fail to protect the key $2,000 support zone. Ethereum Price Remains At Risk Ethereum started a steady decline from well above $2,400, similar to . ETH traded below the $2,250 and $2,120 support levels to move into a bearish zone. There was also a break below the $2,100 support zone and a low was formed near $2,041. Recently, ether started a decent recovery and climbed above the $2,200 level. However, the price failed to clear the $2,250 and $2,280 resistance levels. It is now trading well below $2,250 and the . Ether resumed its decline and it traded below the $2,150 level. There was a clear break below the 50% Fib retracement level of the of the upward move from the $2,041 swing low to $2,276 high. It is now trading near the $2,080 support level, and it is testing the 76.4% Fib retracement level of the of the upward move from the $2,041 swing low to $2,276 high. Source: The first major resistance on the upside is near the $2,150 level. The main resistance is now forming near the $2,250 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $2,220 on the hourly chart of ETH/USD. More Losses in ETH? If Ethereum fails to clear the $2,150 and $2,250 resistance levels, it could continue to move down. An initial support on the downside is near the $2,050 level. The main breakdown support is now forming near the $2,000 level. A downside break below the recent low and the $2,000 support level may possibly spark a major decline. In the stated case, ether price is likely to decline towards $1,850 in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is currently well below the 50 level. Major Support Level – $2,000 Major Resistance Level – $2,250
Microstrategy Buys Another $489 Million Worth Of Bitcoin

Microstrategy Buys Another $489 Million Worth Of Bitcoin

2:05pm, 21st June, 2021
Microstrategy bought on Monday 13,005 Bitcoins worth about $489 million at an average price of $37,617 per . Now the business owns a total of 105,085 BTC that they bought for $2.74 billion. The average price per comes out to be $26,080. Microstrategy’s CEO Makes Bitcoin Acquisition Second Business Microstrategy’s primary business is software development. Michael Saylor, the CEO of the company, has added Bitcoin acquisition as a second mandate. BTC is down 8% to about $33k today as a result of China’s continued crackdowns on mining hubs. As Microstrategy’s stock is tied to BTC, it too fell over 6%. As of right now, the 105,085 BTC that Microstrategy holds is worth more than $3 billion. The software company acquired them at an average price of $26,080 per including fees and other expenses. Microstrategy had to take so that the firm could pick up more coins, and they seem to have doubled down even more on their Bitcoin pursuits after the $489 million buy today. Regarding their BTC business, Saylor : We rotated our shareholder base and transformed ourselves into a company that’s able to sell enterprise software and to acquire and hold bitcoin, and we’ve done it successfully with leverage. The software developer has also decided to sell so that they can fund more Bitcoin purchases All these purchases have been a big benefit for the company as the year-on-year revenue jumped to 10%. Saylor says: That has increased the power of the brand by a factor of 100. We just had our best software quarter … in the last 10 years last quarter Related Reading | Microstrategy has also seen the benefit in terms of stock value. In August last year, when they first started buying BTC, their stock price was around $120. Today, it is $580, a sharp increase of over 400%. The bitcoin business is driving shareholder returns. I think the employees are happy. The shareholders are happy. Bitcoin Price is down to $32,195 today. This value is 19% down compared to last week. While over the entire month, its down slightly less, around 15%. Here is a chart that showcases the current trend: BTC shows a downward trend, again | Source: BTCUSD on It looks like the market is bearish right now, and it’s unclear when it would change for the better. China’s crackdowns on crypto seem to be having a major effect on the price of BTC so the future of the market probably depends on that as well. Right now, China doesn’t seem to be slowing down. Related Reading | Some experts believe the market could correct itself to 1/2 of the value at $17k, and only after that a bullish pattern will make a return.
Andreescu ends Townsend's run to reach U.S. Open quarters

Andreescu ends Townsend's run to reach U.S. Open quarters

5:03am, 3rd September, 2019
Canadian teenager Bianca Andreescu battled past a tenacious Taylor Townsend 6-1 4-6 6-2 in a late night thriller at the U.S. Open on Monday to reach her first grand slam quarter-final and end the American's fairytale run at Flushing Meadows.