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MicroStrategy Bitcoin Stash Surpasses IBM, Nike in Major Milestone
🟢 MicroStrategy, the largest Bitcoin Treasury Company, continues to make waves in finance. In a recent tweet, co-founder Michael Saylor noted that the company’s Bitcoin holdings, now valued at around $26 billion, surpass the cash reserves of major corporations like IBM and Nike.
🤑 Since 2020, MicroStrategy has pursued an aggressive Bitcoin accumulation strategy, using it as its main treasury asset. As of November 10, the company holds about 279,420 Bitcoins, purchased for $11.9 billion at an average price of $42,692 per Bitcoin.
Source
#Bitcoin #MicroStrategy #Investment #CryptoNews 0 reply
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🔹 Ethereum Update: 1.8 Million Addresses Buy 52 Million ETH at $2,350
Ethereum is currently down nearly 10%, falling below $2,400 amid a broader crypto market decline. The total market cap has dropped to $2.17 trillion.
🔒 Key Points:
⏩ Support Level: $2,350 is emerging as a critical support level, with 1.89 million addresses purchasing 52 million $ETH in the $2,311 to $2,383 range.
⏩ Potential Outcomes:
🟡 Bounce Back: If #Ethereum rebounds from $2,350, it could target prices above $2,800.
🟡 Risk of Decline: A drop below $2,350 could lead to panic selling, pushing prices down to $1,800.
📊 Current Market Sentiment:
🟡 Sellers currently have the upper hand, with significant outflows from centralized exchanges. Notably, Wintermute moved 14,221 $ETH to #Binance, indicating potential selling pressure.
🔗 Detail
#Ethereum #CryptoMarket #ETH #Bitcoin #MarketUpdate 0 reply
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