MicroStrategy Plans to Raise Up to $750 Million by Selling More Stocks
MicroStrategy plans to raise up to $750 million by selling more stocks and intends to use the proceeds to buy more Bitcoin and provide funding for other purposes.
According to the latest earnings report from MicroStrategy, as of July 31, 2023, the company's Bitcoin holdings have increased to 152,800 coins, with an addition of 12,333 coins in the second quarter, marking the largest quarterly increase since the second quarter of 2021. At the current price, the holdings are valued slightly below $4.5 billion. MicroStrategy continues to accumulate Bitcoin, demonstrating a long-term investment strategy.
Key News Highlights:
- GameStop delists crypto wallets due to regulatory uncertainty.
- US media: Zhao Changpeng attempted to shut down Binance's US exchange.
- FTX creditors seek to provide input on future plans, or else will file a lawsuit.
- Indefibank CEO: Compared to SEC actions, the Curve attack is a minor issue.
- MoonPay CEO donates $500,000 to the political action committee of the Mayor of Miami.
- ZachXBT: $290 million stolen by the Lazarus Group has been aggregated on-chain.
- Kyle Davies, co-founder of Three Arrows Capital, renounces US citizenship and rejects the jurisdiction of US courts.
- MicroStrategy's Bitcoin holdings in the second quarter increased to 152,800 coins, with a depreciation expense of $24.1 million.
- DeFiLlama: If CRV falls to $0.36 or below, the loans of Curve's founders in Aave will be liquidated.
- Former MtGox CEO: Nearly 80,000 BTC sent from MtGox wallets to the 1Feex address is an unauthorized transfer.
BTC:
Bitcoin retraced to the 120-day moving average, found support, and rebounded. Today, MicroStrategy announced its plan to raise up to $750 million by selling more stocks and intends to use the proceeds to buy more Bitcoin. This news has led to some buying interest and price increase. Currently, the market shows that the main players are increasing the intensity of washing out retail investors. It is likely that this situation will continue for some time. Overall, caution is advised, and aggressive actions should be avoided.
ETH:
Ethereum is testing the resistance of the 120-day moving average. This position needs to be observed, and impulsive actions should be avoided. Currently, it appears to be just a test rebound.
XRP:
XRP shows a lack of strong upward momentum, and without short-term positive stimuli, there is a high probability of a downward oscillation.
ARB:
ARB broke through and rebounded, with resistance at 1.2-1.22. This is driven by the overall market and shows no signs of active upward movement. It is recommended for large funds to observe mainly.
LTC:
LTC will halve in just over ten hours. There is no sign of a surge. If there is a chance of a rally during the day, do not chase the rise and consider shorting at higher levels.
ETC:
ETC's rebound is suppressed by the 120-day moving average. It is difficult for the current trend to break out into a strong upward trend, and a probable retracement is expected after the rebound.
Platform Coins:
BGB is oscillating at a high level, with no short-term trading opportunities. Patience is advised.
Wealth Code:
With Bitcoin breaking through, the market is weak. Small coin recommendations are temporarily suspended. Wait for this wave of Bitcoin decline to end, and there will be a large number of small coins rebounding sharply. Then, consider entering the market.
The above analysis is for reference only and does not constitute investment advice!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
