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- MicroStrategy Boosts Bitcoin Holdings with $101 Million Purchase
MicroStrategy Boosts Bitcoin Holdings with $101 Million Purchase
News on the Blockchain
January 07, 2025
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News on the Blockchain, January 7th, 2025
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 772
Market Cap: $3.58T (+2.01%)
24h Volume: $125.01B (+30.55%)
Bitcoin Dominance: 56.2%
Ethereum Dominance: 12.3%
ETH Gas Price: —
Fear & Greed Index: 66 (Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $101,437.55 | +2.72% | $2.01T | $48.29B |
Ethereum (ETH) | $3,656.97 | +0.57% | $440.56B | $21.47B |
Tether (USDT) | $1.00 | +0.04% | $137.52B | $101.23B |
BNB (BNB) | $727.99 | +1.32% | $104.83B | $2.10B |
Solana (SOL) | $214.91 | +0.01% | $103.95B | $3.26B |
💹 Market Highlights:
Total DeFi Volume: $9.23B (7.39% of total 24h volume)
Stablecoins Volume: $115.12B (92.09% of total 24h volume)
Coin with Highest % Change: OPERATOR (+28.23%)
📈 Preview On Today’s News:
- MicroStrategy Boosts Bitcoin Holdings with $101 Million Purchase Amid Strong Market Growth
- Strive Asset Management Launches Pioneering Bitcoin Bond ETF
- Elon Musk’s X Payment System Poised for Dogecoin Integration, Boosting Investor Optimism
Keep reading below for more!
Today’s News:
1)
MicroStrategy Boosts Bitcoin Holdings with $101 Million Purchase Amid Strong Market Growth
In early 2025, Michael Saylor’s MicroStrategy continued its aggressive Bitcoin acquisition strategy by purchasing an additional $101 million worth of Bitcoin, bringing the company’s total holdings to 447,470 BTC. This latest purchase of 1,070 BTC was financed by selling 319,586 MicroStrategy shares, underscoring the firm’s unwavering commitment to digital assets amidst Bitcoin’s significant milestones in 2024, including the launch of the first crypto-based ETF and surpassing the six-figure price mark. Looking forward, MicroStrategy plans to further expand its Bitcoin portfolio through its 21/21 funding strategy, which involves raising $21 billion through equity offerings and $21 billion in fixed-income securities, alongside potential preferred stock offerings, positioning the company for continued investment in the burgeoning cryptocurrency market.
MicroStrategy, led by Michael Saylor, acquired an additional $101 million in Bitcoin, increasing total holdings to 447,470 BTC by purchasing 1,070 BTC funded through the sale of 319,586 company shares.
The firm plans to further expand its Bitcoin portfolio with a 21/21 funding strategy, including $21 billion in equity and fixed-income securities, positioning itself for continued investment in the growing crypto market.
2)
Strive Asset Management Launches Pioneering Bitcoin Bond ETF
Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has filed with the Securities and Exchange Commission (SEC) to introduce a groundbreaking "Bitcoin Bond" exchange-traded fund (ETF), signaling a significant convergence between traditional finance and digital assets. This ETF is designed to invest at least 80% of its assets in specialized Bitcoin bonds, including swaps, options, and derivatives linked to Bitcoin-focused firms, and allows over 25% allocation to the software and technology sectors. Once approved, the ETF will be listed on the New York Stock Exchange (NYSE) and managed by the Depository Trust Company, adhering to regulated investment standards and offering weekly income distributions. Additionally, Strive is targeting investments in prominent companies like Michael Saylor’s MicroStrategy, which has significantly boosted its Bitcoin holdings and stock value, positioning Bitcoin as a strategic hedge against global economic uncertainties such as fiat debt crises, inflation, and geopolitical tensions.
Strive Asset Management, led by Vivek Ramaswamy, has filed for a "Bitcoin Bond" ETF with the SEC, aiming to bridge traditional finance and digital assets by investing primarily in Bitcoin-focused bonds and targeting firms like MicroStrategy.
The ETF will allocate at least 80% to specialized Bitcoin bonds and over 25% to the software and technology sectors, plan to list on the NYSE, adhere to regulated investment standards, and offer weekly income distributions as a hedge against global economic risks.
3)
Elon Musk’s X Payment System Poised for Dogecoin Integration, Boosting Investor Optimism
Elon Musk’s upcoming X Money payment system, scheduled for a 2025 launch, is generating significant speculation regarding the integration of Dogecoin (DOGE). Inspired by China’s WeChat, X Money aims to incorporate various cryptocurrencies, including Bitcoin and stablecoins, to enhance user adoption and leverage Musk’s substantial influence in the crypto market. Despite lacking full U.S. regulatory approval, reports suggest a rapid and incremental rollout, reflecting Musk’s innovative approach to merging financial services with his social media platform. The potential inclusion of Dogecoin has particularly fueled investor optimism, with increased interest in DOGE futures signaling confidence in its future performance. Additionally, Musk’s involvement in initiatives like the Department of Government Efficiency (D.O.G.E.) further amplifies speculation around Dogecoin’s role in the broader financial ecosystem.
X Money Launch and Crypto Integration: Elon Musk’s X Money is set to launch in 2025, aiming to integrate cryptocurrencies such as Dogecoin, Bitcoin, and stablecoins to drive user adoption and expand X’s functionality.
Investor Optimism for Dogecoin: Speculation about Dogecoin’s inclusion in X Money has heightened investor confidence, evidenced by increased DOGE futures interest and positive market sentiment despite minor price fluctuations.
Disclaimer:
The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.
