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you are right about that friend AOC no pun intendedAgent Orange Cooper » Thu Mar 14, 2024 5:12 pm wrote: Exciting times.
leave that off and maybe it's a decent post! my apologies allI don't know about you, but I think we've been scammed.
Agent Orange Cooper » Thu Mar 14, 2024 4:12 pm wrote:I think Bitcoin will become the next default world reserve currency and store of value! We will find out what happens when an infinite supply of centralized fiat meets an absolutely scarce supply of decentralized uncensorable digital money. Exciting times.
Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
Now billing itself as a Bitcoin Development Company, MicroStrategy (MSTR) Wednesday afternoon filed to raise $500 million in a convertible debt offering, with intentions to use the proceeds to purchase more bitcoin (BTC), according to a press release.
The company only days ago closed on an $800 convertible debt raise (upsized from an originally planned $600 million), with those proceeds plus some dollars already in the bank used to acquire another 12,000 bitcoin for $821.7 million.
Blackrock's Spot Bitcoin ETF Holdings Near 204K BTC as Demand Soars
Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management (AUM).
Blackrock’s Ishares Bitcoin Trust (IBIT), the world’s largest asset manager’s spot bitcoin exchange-traded fund (ETF), has surpassed a staggering $14.76 billion in assets under management (AUM).
IBIT’s total bitcoin holdings as of March 11 were 203,755 BTC, worth $14.76 billion. The fund’s bitcoin holdings increased by 7,769.52 BTC from the previous trading day.
The price of bitcoin has soared over recent weeks, fueled by massive demand for spot bitcoin ETFs. Last week, Blackrock amended its prospectus, filed with the U.S. Securities and Exchange Commission (SEC), for the Blackrock Global Allocation Fund to potentially include investments in bitcoin exchange-traded products (ETPs).
Galaxy Digital CEO Mike Novogratz said last week that there is “runaway momentum” in spot bitcoin ETFs. Last month, reports indicated that Bank of America’s Merrill Lynch and Wells Fargo had begun offering spot bitcoin ETFs to clients. Moreover, a $30 billion investment platform for financial advisors, Carson Group, also approved four spot bitcoin ETFs on its platform, including IBIT.
What do you think about Blackrock increasing its bitcoin holdings to more than 200K BTC? Let us know in the comments section below.
Belligerent Savant » Thu Mar 14, 2024 7:47 pm wrote:I definitely see it trending that way, agreed.
However: what does this mean?
Can one subscribe to the notion that Bitcoin is as touted to by the maximalists in that there is no malevolent intent behind it? Much as I'd like to believe this, I find it near-impossible to resolve the notion that those responsible for many great historical/recent evils/ills have NO influence at all on how first-world governments will handle their monetary systems.
Side-bar: is this guy [Saylor] a 'good guy' or a limited hangout of sorts, at least among certain demos?
It's the one thing in the world that actually works as advertised.
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