• Midas Crypto
  • Posts
  • 🌙 MicroStrategy Buys Even More Bitcoin, Pushing Stash to $13.5 Billion

🌙 MicroStrategy Buys Even More Bitcoin, Pushing Stash to $13.5 Billion

MicroStrategy escalates Bitcoin holdings to $13.5 billion, reinforcing its position as a major institutional investor in the cryptocurrency.

Author

Mike Gavela
April 29, 2024

Crypto Roundup - Apr 29

MicroStrategy has increased its Bitcoin holdings to a value of $13.5 billion, continuing its aggressive investment strategy in the cryptocurrency. Meanwhile, Eigenlayer has released a white paper for its EIGEN token, outlining its application in decentralized platforms and excluding US users from its airdrop due to regulatory concerns. Additionally, Keonne Rodriguez, co-founder of Samourai Wallet, has pleaded not guilty to undisclosed charges and was released on a $1 million bond.

Top Stories:

  • MicroStrategy escalates Bitcoin holdings to $13.5 billion, reinforcing its position as a major institutional investor in the cryptocurrency.

  • Eigenlayer's new white paper details the EIGEN token's utility in decentralized applications but bans US users from participating in the initial airdrop.

  • Samourai Wallet's co-founder pleads not guilty in a recent court case, highlighting ongoing legal challenges within the cryptocurrency industry.

TOP STORIES

MicroStrategy Buys Even More Bitcoin, Pushing Stash to $13.5 Billion - Decrypt

Michael Saylor’s software firm MicroStrategy bought the dip, expanding its enormous pile of Bitcoin with more than 1% of the total supply in hand.

decrypt.co/228660/microstrategy-buys-even-more-bitcoin-13-5-billion

Eigenlayer releases EIGEN white paper, bans airdrop for US users

Eigenlayer’s new token, EIGEN, will be used in specific applications that deal with “intersubjective agreement,” such as AI training and gaming virtual machines.

cointelegraph.com/news/eigenlayer-eigen-whitepaper-bans-airdrop-us-users

Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond

Rodriguez, 35, will remain on house arrest in Pennsylvania until his trial.

www.coindesk.com/policy/2024/04/29/samourai-wallet-co-founder-keonne-rodriguez-pleads-not-guilty-released-on-1m-bond

FUNDRAISES

OTHER HEADLINES

Avalanche Hoops Game ‘Rumble Kong League’ Nets Gatorade Deal - Decrypt

Upcoming mobile basketball game Rumble Kong League, which is being built on Avalanche, will feature Gatorade-branded items.

decrypt.co/228663/avalanche-hoops-game-rumble-kong-league-gatorade-deal

Terraform proposes $1M penalty for SEC case, no relief or disgorgement

The SEC requested $5.3 billion in disgorgement and civil penalties against Terraform Labs and Do Kwon, while both parties have argued for a substantially smaller amount.

cointelegraph.com/news/terraform-labs-penalty-sec-civil-case

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

www.coindesk.com/markets/2024/04/29/bitcoin-wavers-around-63k-awaiting-hong-kong-spot-crypto-etf-debut

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 85,000 investors and crypto degenerates who read Midas Crypto daily!