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MicroStrategy Buys $15M More of Bitcoin
As a result, MicroStrategy now holds about 91,579 bitcoin.
Updated Sep 14, 2021, 12:35 p.m. Published Apr 5, 2021, 12:26 p.m.
MicroStrategy, the business intelligence firm that has made bitcoin its main treasury reserve, said it purchased about 253 more of the leading cryptocurrency for $15 million in cash.
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- The Nasdaq-listed firm said it paid an average price of $59,339 per coin including fees and expenses.
- As a result, MicroStrategy now holds about 91,579 bitcoin at a total purchase price of $2.23 billion, at an average price of $24,311 per coin.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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