CoinDesk Podcast Network

COINDESK DAILY: MicroStrategy Bags Another 1,070 BTC

Jan 6, 2025

In the latest discussion, MicroStrategy makes waves with its purchase of an additional 1,070 BTC, marking a major increase in their holdings. There's buzzing speculation surrounding Canadian Prime Minister Justin Trudeau's potential resignation, with bettors placing their stakes. The conversation explores the ramifications of these political shifts and the implications for crypto enthusiasts, making it a compelling listen for anyone invested in the future of both cryptocurrency and Canadian politics.

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Quick takeaways

MicroStrategy's aggressive acquisition of 1,070 BTC reflects its strategy to strengthen its position as the largest publicly held Bitcoin reserve.

The successful acquisition of Mika licenses by several digital asset companies in the Netherlands signifies increased regulatory acceptance of cryptocurrencies in the EU market.

Deep dives

MicroStrategy's Growing Bitcoin Holdings

MicroStrategy has significantly increased its Bitcoin holdings by acquiring an additional 1,070 Bitcoin for $101 million, pushing its total to 447,470 Bitcoin. This purchase marks the company's ninth consecutive week of Bitcoin acquisitions, solidifying its position as the public company with the largest Bitcoin reserves. Furthermore, MicroStrategy announced plans to raise up to $2 billion through a preferred stock offering, specifically aimed at funding additional Bitcoin purchases. The firm’s aggressive accumulation strategy underscores its commitment to the cryptocurrency as a long-term asset class.

MicroStrategy's Bitcoin Acquisition and Canadian Political Shift

2min

Host Jennifer Sanasie breaks down the latest news in the crypto industry as MicroStrategy bags another 1,070 BTC.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry as Polymarket bettors put their money on Canadian Prime Minister Justin Trudeau's resignation. And, MicroStrategy has increased its bitcoin holdings for the ninth consecutive week with the most recent purchase of 1,070 BTC.

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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