Bitcoin Purchase | ForkLog

ForkLog 9 23.12.2024

MicroStrategy Increases Bitcoin Holdings by $560 Million

Between December 16 and 22, MicroStrategy acquired 5,262 BTC for approximately $561 million at an average price of about $106,662 per coin. MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 […]

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ForkLog 9 13.12.2024

JPMorgan: Miners Emulate MicroStrategy’s Bitcoin Strategy

Publicly traded mining companies are adopting a strategy of acquiring bitcoin for their balance sheets, following the example of MicroStrategy. This is according to a report by JPMorgan, as reported by CoinDesk. To finance operational costs, firms are issuing bonds and stocks, opting not to sell mined coins. This shift is due to pressure on […]

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ForkLog 8 12.12.2024

A Mere 0.55% of Microsoft Shareholders Back Bitcoin Reserve Proposal

The proposal by The National Center for Public Policy Research (NCPPR) to allocate 1% of assets for purchasing the leading cryptocurrency was supported by only 0.55% of Microsoft shareholders. The shareholders’ decision followed the board of directors’ rejection of the idea, citing the asset’s volatility. MicroStrategy’s CEO, Michael Saylor, presented the Bitcoin strategy, estimating that […]

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ForkLog 6 12.12.2024

Vancouver City Council Explores Bitcoin Reserve Possibilities

The city council of Vancouver, Canada, has accepted the mayor’s proposal to explore the integration of Bitcoin into the financial system. #VanCityCouncil approves motion 3. Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin Friendly City. — Vancouver City Clerk (@VanCityClerk) December 11, 2024 On November 26, municipal leader […]

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ForkLog 9 12.12.2024

Billionaire Thomas Peterffy Advises Allocating 2-3% of Capital to Bitcoin

Investors should allocate 2-3% of their capital to Bitcoin, but no more than 10%, given the asset’s volatility. This recommendation was made by Interactive Brokers founder Thomas Peterffy during a broadcast on Bloomberg. “Everyone who doesn’t own Bitcoin should have some, but not too much,” he suggested. Peterffy ranks 46th among the world’s wealthiest individuals […]

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ForkLog 13 09.12.2024

Amazon Urged to Consider Bitcoin Reserve by Shareholder Group

The National Center for Public Policy Research (NCPPR), representing Amazon shareholders, has proposed that the tech giant’s board of directors explore the possibility of converting “at least 5% of assets” into Bitcoin. The National Center for Public Policy Research has submitted the attached shareholder proposal to https://t.co/Lve7Kg1nVI, Inc. for consideration at the 2025 annual shareholder […]

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ForkLog 11 28.11.2024

Metaplanet to Raise $62 Million for Bitcoin Acquisition

The Japanese public company Metaplanet has initiated its 12th issuance of stock acquisition rights, amounting to up to 9.5 billion JPY (~$62 million), to address an “urgent need” to bolster its bitcoin reserves. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accelerated Bitcoin Accumulation* pic.twitter.com/bL7rs6Qkk4 […]

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ForkLog 4 27.11.2024

Public Companies’ Bitcoin Strategy: A Rare Phenomenon

Currently, a mere 0.01% of public companies globally hold the premier cryptocurrency, according to estimates from OKG Research. OKG Research said that currently only 0.01% of listed companies in the world hold Bitcoin. According to conservative estimates, the amount of funds that can enter Bitcoin in the next year is about 2.28 trillion US dollars. […]

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ForkLog 16 22.11.2024

Texas Legislator Proposes Strategic Bitcoin Reserve

A Texas lawmaker has initiated the development of a proposal to establish a strategic reserve of digital gold, according to Dennis Porter, CEO of Satoshi Action Fund (SAF). BREAKING: I have officially been asked to speak in Texas and will present on ‘Strategic Bitcoin Reserves’. Lawmakers from across the USA and the world will be […]

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ForkLog 7 20.11.2024

Michael Saylor to Discuss Bitcoin Reserve with Microsoft

On December 10, MicroStrategy founder Michael Saylor will present to Microsoft’s board of directors a proposal to use the leading cryptocurrency as a treasury reserve asset. https://t.co/FFUrLNEHwh — VanEck (@vaneck_us) November 8, 2024 “I agreed to make a three-minute presentation,” explained the Bitcoin maximalist. Saylor noted that he was previously denied a “confidential” discussion on […]

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ForkLog 5 19.11.2024

MicroStrategy to Raise $1.75 Billion for Bitcoin Acquisition

MicroStrategy plans to issue five-year senior convertible bonds worth $1.75 billion. The funds will be used for acquiring digital gold and general corporate purposes. MicroStrategy Announces Proposed Private Offering of $1.75B of Convertible Senior Notes. $MSTR https://t.co/dBJMUvfjj1 — Michael Saylor⚡️ (@saylor) November 18, 2024 The interest rate on the securities will be 0%. They will […]

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ForkLog 4 07.11.2024

CoinShares Explores Bitcoin Reserve Prospects Under Trump

The administration of Donald Trump is likely to create more favorable conditions for cryptocurrencies, including the adoption of a Bitcoin law. This conclusion was reached by CoinShares. “The proposal will establish digital gold as a strategic reserve asset, with the US government able to acquire up to 5% of the available issuance,” the report states. […]

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