Stocks to Watch Tuesday: Alibaba, Coinbase, SoftBank, Super Micro -- WSJ
MicroStrategy has purchased another 15,359 Bitcoins, bringing the total Hold Positions to 45 billion dollars, and the Chairman is making bold statements again.
On December 16, the company MicroStrategy, which is about to be included in the NASDAQ 100 Index, announced the purchase of 15,350 Bitcoins. The total amount of Bitcoin currently held by the company reaches 0.439 million, valued at approximately 45 billion dollars.
Bitcoin Crypto Price News Today Elliott Wave Technical Analysis [Video]
What is the Bitcoin Global Strategy reserve that Trump refers to when discussing the USA? How will it operate?
After the incoming president Trump of the USA reiterated the plan to establish a Bitcoin strategic reserve, Bitcoin set a new historical high of over $107,000 on Monday, sparking enthusiasm among the Cryptos bulls.
MicroStrategy's founder makes a significant statement: Bitcoin is comparable to 'Network Manhattan'.
On Monday, as Cryptos reached new highs, Michael Saylor compared Bitcoin to New York City and its economic growth engine. Since 2020, MicroStrategy has been adding Bitcoin to its balance sheet and is now vigorously issuing convertible Bonds to fund the company's Bitcoin purchases.
Will the Federal Reserve decide to cut interest rates this week? Trump reiterated that the Global Strategy of BTC reserves boosts new highs.
This week is the super central bank week, with the market expecting nearly a 100% probability of a rate cut in this Federal Reserve interest rate decision. A number of economic data will be released intensively, and more interconnected performances are expected. The intraday increase is mainly influenced by Trump's renewed proposal to establish a Bitcoin Global Strategy reserve.