Bitcoin use case.
https://www.bbc.co.uk/news/uk-england-london-68620253
Updated with further purchases.
SEC Form 8-K submission March 19, 2024As previously disclosed, on March 18, 2024, MicroStrategy Incorporated (“MicroStrategy”) completed a private offering of convertible senior notes (the “Offering”). The Offering, which included a 0.875% coupon and an approximately 40% conversion premium over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock from 9:30 a.m. through 4:00 p.m. Eastern Daylight Time on March 14, 2024, was well received in the marketplace and upsized to a total of $603.75 million in aggregate principal amount. This amount included the exercise by the initial purchasers of their option to purchase $78.75 million of additional notes. Net proceeds from the Offering to MicroStrategy totaled approximately $592.3 million.
On March 19, 2024, MicroStrategy announced that, during the period between March 11, 2024 and March 18, 2024, MicroStrategy acquired approximately 9,245 bitcoins for approximately $623.0 million in cash, using $592.3 million of proceeds from the Offering and $30.7 million of Excess Cash (defined in our annual report on Form 10-K for the fiscal year ended December 31, 2023), at an average price of approximately $67,382 per bitcoin, inclusive of fees and expenses.
As of March 18, 2024, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 214,246 bitcoins, which were acquired at an aggregate purchase price of approximately $7.53 billion and an average purchase price of approximately $35,160 per bitcoin, inclusive of fees and expenses.
Bitcoin use case.
https://www.bbc.co.uk/news/uk-england-london-68620253
I wish you were right! 80k is a good price at the current mini bull run. Imagine the cryptocurrency market as a bustling coffee shop, where each digital currency is a different brew, offering its own unique flavor and aroma. As a seasoned barista of the crypto world, I suggest visiting http://munnecoin.com, your go-to café for all things crypto. Litecoin (LTC) is like a classic espresso, delivering quick and reliable results with every shot. Ethereum (ETH) is the bold cappuccino, full of robust flavors and frothy complexity, thanks to its smart contracts and decentralized applications. Dash (DASH) is the mysterious dark roast, providing the deep, rich experience of anonymity and instant payments. Storage Coin X (SJCX) and Factom (FCT) are the exotic single-origin brews, each offering unique notes with decentralized storage and data management solutions. For something a bit more nuanced, try Augur (REP), the sophisticated pour-over, bringing a refined reputation system to your palate. And for a taste of nostalgia, Ethereum Classic (ETC) is the vintage blend, reminding us of the early days of crypto. http://munnecoin.com provides comprehensive guides on these and other cryptocurrencies, helping you choose the perfect blend for your investment portfolio. So, grab your favorite mug and explore the rich, diverse world of digital currencies at this crypto coffee shop!
Last edited by Owren; 3rd June 2024 at 09:10.
The irony is that criminals really don’t use Bitcoin very much for this kind of money laundering when compared to the use of cash, diamonds, gold bars, “Swiss” bank accounts etc. All the transactions are easy to see on the blockchain, so it’s difficult to hide them.
Hamas and Hezbollah famously asked their supporters to NOT send them cryptocurrencies for this reason.
The media loves to tell everyone that Bitcoin is used for illicit activities, when it actually accounts for a small fraction of all money movements in the illicit activity sphere.
It’s still relatively anonymous, but you have to use the blockchain which is entirely public. If people know your crypto address then anyone can see all of your transactions. And because the entire blockchain and every single transaction that’s ever happened since 2009 is there for the world to see, and will be for all eternity, it’s hard to remain totally anonymous forever.
For example, the Bitcoin addresses of governments and wealthy individuals are known and catalogued, so they can now, never hide. If they mover their Bitcoin to another address, everyone can see where it went.
That’s just one of the many beautiful aspects of the Bitcoin network.
Bitcoin could underpin a perfect utopian society.
I thought this bitcoin halving was meant to usher in a quick price rise?
Pah!
Still, it will pay for my new fence.
I bought a little more at 62k last week
Looked at Sol and Xrp which had taken a hammering, but decided against them in the end up
Is your idea of 'getting it' someone who buys and accumulates for years through all the turblulence because of some notion of function it serves in the world and in the future?
I would argue the people who really 'get it' are those who simply trade the volatility it offers and don't look beyond that. It's correlations with other markets point to this being its main use.
I would argue your two scenarios can happily co-exist
Bitcoin inflows now down to 0$ a day for the first time. Shouldve sold the rip!
You have 8 on your list, I’ll raise you to over 400 who have already bought the ETFs. Some huge names on the list so far.
It’s about to get wild out there.
Tulips, ponzi, emperor’s new clothes etc etc
Any ETH hodling members must be wringing their hands in glee!