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- Page 26
MicroStrategy Buys $1.026B More Bitcoin as Tesla and Other Companies Follow Suit
MicroStrategy has purchased an additional 19,452 Bitcoin, worth $1.026 billion, pushing its total Bitcoin holdings to 90,500. This trend of corporate Bitcoin accumulation is growing, with companies like Tesla also increasing their positions.
Michael Saylor Backs BlackRock’s Ultra-Bullish Bitcoin Outlook
Michael Saylor, cofounder of MicroStrategy, endorsed BlackRock’s recent bullish comments on Bitcoin. BlackRock’s head of digital assets, Robbie Mitchnick, described Bitcoin as a global, decentralized, and non-sovereign asset, gaining popularity amid economic uncertainties.
SEC Approves Bitcoin Options on BlackRock ETF: Market Reacts
The SEC has approved options on BlackRock’s Bitcoin ETF, potentially triggering new Bitcoin-related ETF filings and risk management strategies. An updated custodial agreement between BlackRock and Coinbase ensures faster withdrawals, enhancing trust among institutional investors.
Bitcoin Stuck Below $65K, but Major Catalysts Loom
Bitcoin is struggling to break above the $65,000 resistance level despite favorable macroeconomic factors like the Federal Reserve’s interest rate cut. Traders are watching key levels closely, as sustained spot volume or a breakout above $66,300 could signal a major shift in market momentum.
