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- MicroStrategy’s Bitcoin Strategy Strengthens with $5.4 Billion Purchase
MicroStrategy’s Bitcoin Strategy Strengthens with $5.4 Billion Purchase
News on the Blockchain
November 26, 2024
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 762
Market Cap: $3.22T (-5.00%)
24h Volume: $244.6B (+20.81%)
Bitcoin Dominance: 57.6%
Ethereum Dominance: 12.7%
ETH Gas Price: 6.83 Gwei
Fear & Greed Index: 82 (Extreme Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $93,554.89 | -5.25% | $1.85T | $88.36B |
Ethereum (ETH) | $3,365.78 | -3.30% | $405.35B | $53.95B |
Tether (USDT) | $1.00 | -0.07% | $132.78B | $195.33B |
BNB (BNB) | $627.89 | -7.07% | $90.42B | $2.78B |
Solana (SOL) | $234.39 | -8.52% | $111.30B | $7.15B |
💹 Market Highlights:
Total DeFi Volume: $15.59B (6.38% of total market volume)
Stablecoins Volume: $223.09B (91.21% of total market volume)
Coin with Highest % Change: Harold (HAROLD) +736.85%
📈 Preview On Today’s News:
- MicroStrategy’s Bitcoin Strategy Strengthens with $5.4 Billion Purchase
- Donald Trump’s Crypto Holdings and Influence on the Market
- Solana Meme Coin Platform Pump.Fun Suspends Live Stream Feature Amid Backlash
Keep reading for more!
Today’s News:
1)
MicroStrategy’s Bitcoin Strategy Strengthens with $5.4 Billion Purchase
Michael Saylor’s MicroStrategy has made a record purchase of 55,500 BTC worth $5.4 billion, pushing its total holdings to 386,700 BTC acquired for $21.9 billion. The firm continues to expand its Bitcoin portfolio amid rising institutional interest and Bitcoin's soaring value in 2024, a year marked by all-time highs for the cryptocurrency. This follows a $4.6 billion acquisition made just a week earlier, and MicroStrategy's stock has surged as a result, reaching a market cap of $100 billion.
MicroStrategy purchased 55,500 BTC for $5.4 billion, bringing its total Bitcoin holdings to 386,700 BTC.
The firm’s aggressive Bitcoin acquisition strategy has led to significant stock gains, with a market cap of $100 billion.
2)
Donald Trump’s Crypto Holdings and Influence on the Market
President-elect Donald Trump holds over $5.4 million in cryptocurrency, with his portfolio primarily consisting of Ethereum (ETH), Polygon’s WETH, and his own TRUMP coin. His holdings have grown by 3.61%, and his crypto activity has been supported by his pro-Bitcoin cabinet members. In addition to his personal investments, Trump’s election victory has led to a surge in the crypto market, with Bitcoin reaching all-time highs. Reports also indicate that Trump is considering creating a White House crypto role to guide the nation's digital asset policy, with plans for a strategic Bitcoin reserve.
Trump holds over $5.4 million in crypto, with major holdings in Ethereum, Polygon’s WETH, and TRUMP coin.
Trump is considering a White House crypto role and has influenced a boom in the crypto market, especially Bitcoin.
3)
Solana Meme Coin Platform Pump.Fun Suspends Live Stream Feature Amid Backlash
Pump.Fun, a Solana-based meme coin platform, has removed its controversial live-stream feature due to harmful incidents during broadcasts, including violent threats and inappropriate content. The platform, which allows users to create meme-tokens for free, faced significant backlash after live streams displayed disturbing behaviors, such as users threatening self-harm and engaging in violent acts. Following these incidents, Pump.Fun announced the suspension of its live-streaming service until it can implement proper moderation systems, assuring more transparency and stricter content guidelines moving forward.
Pump.Fun suspends its live-stream feature after backlash over harmful incidents, including violent threats and inappropriate content.
The platform will focus on improving moderation systems and providing clearer content guidelines to prevent future issues.
