• Midas Crypto
  • Posts
  • 🌙 MicroStrategy Makes Largest-Ever Bitcoin Buy

🌙 MicroStrategy Makes Largest-Ever Bitcoin Buy

MicroStrategy’s purchase of 55,500 Bitcoin represented its largest acquisition of the asset on record, bringing its stash to $37.6 billion.

Author

Mike Gavela
November 25, 2024

Crypto Roundup - November 25

In recent developments within the cryptocurrency sector, MicroStrategy has significantly expanded its Bitcoin holdings by acquiring $5.4 billion worth of the cryptocurrency, bringing its total to approximately 386,700 Bitcoins. Simultaneously, financial services firm Cantor Fitzgerald has acquired a 5% stake in stablecoin issuer Tether, an investment valued at up to $600 million. In regulatory news, Dutch authorities have extended the detention of Alexey Pertsev, a developer associated with the cryptocurrency mixer Tornado Cash, as investigations into his activities continue.

Top Stories

  • MicroStrategy acquires $5.4 billion in Bitcoin, increasing its holdings to approximately 386,700 Bitcoins.

  • Cantor Fitzgerald secures a 5% stake in Tether, with the investment valued up to $600 million.

  • Dutch authorities extend detention of Tornado Cash developer Alexey Pertsev amid ongoing investigations.

TOP STORIES

MicroStrategy Makes Largest-Ever Bitcoin Buy, Adding $5.4 Billion Worth - Decrypt

MicroStrategy’s purchase of 55,500 Bitcoin represented its largest acquisition of the asset on record, bringing its stash to $37.6 billion.

decrypt.co/293440/microstrategy-buys-5-4-billion-bitcoin

Cantor Fitzgerald Acquires 5% Stake in Tether for Up to $600M - Brave New Coin

Cantor Fitzgerald, a prominent financial services firm, has reportedly secured a 5% stake in Tether, the issuer of the USDT stablecoin, for a valuation of up to $600 million. The deal, said to have occurred within the past year, positions Cantor Fitzgerald at a pivotal intersection of finance, politics, and cryptocurrency.

bravenewcoin.com/insights/cantor-fitzgerald-acquires-5-stake-in-tether-for-up-to-600m

Tornado Cash Developer Alexey Pertsev’s Detention Prolonged - "The Defiant"

Alexey Pertsev said the extended detention hinders his ability to prepare an appeal against a five-year prison sentence.

thedefiant.io/news/regulation/tornado-cash-developer-alexey-pertsev-s-detention-prolonged

FUNDRAISING

OpenTrade Raises $4m Seed Extension Round to Build the Future of Real World Asset-backed Lending and Stablecoin Yield Products

OpenTrade, a platform for real world asset-backed stablecoin yield products, has successfully raised a $4 million seed extension round led by AlbionVC.

ffnews.com/newsarticle/tradetech/opentrade-raises-4m-seed-extension-round-to-build-the-future-of-real-world-asset-backed-lending-and-stablecoin-yield-products

OTHER HEADLINES

Avalanche Testing '9,000' Upgrade With $40 Million in Retroactive Grants - Decrypt

The Avalanche Foundation will disburse $40 million in retroactive grants as the new upgrade hits testnet ahead of a planned 2025 launch.

decrypt.co/293475/avalanche-9000-testnet-live-grants

Bitcoin ETFs Notch Biggest Week Ever, Adding $3.1 Billion as BTC Neared $100K - Decrypt

Bitcoin ETFs are still super hot, with investors chucking record amounts of cash at the vehicles last week, according to CoinShares.

decrypt.co/293476/bitcoin-etfs-biggest-week-ever

Pump.fun looks to self-regulate gory content

A call for regulation or a ban on the memecoin launcher is presently trending across Twitter.

blockworks.co/news/pumpdotfun-call-for-ban-or-regulation

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 60,000 investors and crypto degenerates who read Midas Crypto daily!