BTC logo
BTC
$111,127.78
0.63%
ETH logo
ETH
$4,001.63
3.30%
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USDT
$1.0006
0.01%
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BNB
$1,178.45
1.32%
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XRP
$2.4088
3.67%
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SOL
$193.20
5.83%
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USDC
$0.9999
0.00%
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DOGE
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ADA
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$37.42
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LINK
$18.04
5.11%
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USDE
$1.0001
0.01%
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BCH
$521.87
3.59%
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XLM
$0.3244
3.89%
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SUI
$2.6776
3.52%
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AVAX
$21.89
3.98%
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WBT
$42.03
1.33%
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LEO
$9.6262
0.04%
HBAR logo
HBAR
$0.1789
5.24%
BTC logo
BTC
$111,127.78
0.63%
ETH logo
ETH
$4,001.63
3.30%
USDT logo
USDT
$1.0006
0.01%
BNB logo
BNB
$1,178.45
1.32%
XRP logo
XRP
$2.4088
3.67%
SOL logo
SOL
$193.20
5.83%
USDC logo
USDC
$0.9999
0.00%
DOGE logo
DOGE
$0.1963
2.92%
TRX logo
TRX
$0.3209
0.97%
ADA logo
ADA
$0.6691
3.20%
HYPE logo
HYPE
$37.42
2.13%
LINK logo
LINK
$18.04
5.11%
USDE logo
USDE
$1.0001
0.01%
BCH logo
BCH
$521.87
3.59%
XLM logo
XLM
$0.3244
3.89%
SUI logo
SUI
$2.6776
3.52%
AVAX logo
AVAX
$21.89
3.98%
WBT logo
WBT
$42.03
1.33%
LEO logo
LEO
$9.6262
0.04%
HBAR logo
HBAR
$0.1789
5.24%
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MicroStrategy: Another Dip, Another $10M Bitcoin Purchase

The listed firm now holds 92,079 BTC bought for a total of $2.251 billion.

By Daniel Palmer
Updated Sep 14, 2021, 12:56 p.m. Published May 18, 2021, 12:25 p.m.
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Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) is making the most of the downturn in bitcoin prices as it bought another 229 BTC for $10 million in cash.

STORY CONTINUES BELOW
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  • The purchase, which was disclosed by CEO Michael Saylor on Twitter and in an filing with the U.S. Securities and Exchange Commission Tuesday, was for an average price of $43,663 per bitcoin.
  • MicroStrategy now holds 92,079 BTC bought for a total of $2.251 billion at an average price of about $24,450 per bitcoin.
  • That means the firm has almost doubled its money since it started investing in the cryptocurrency, with the total holdings now worth $4.15 billion, according to CoinDesk's price calculator.
  • Only five days ago, Saylor announced the purchase of 271 BTC for $15 million.
  • The company has a policy of regularly buying bitcoin for its treasury reserves as a hedge against U.S. dollar inflation.
  • At press time, a bitcoin is worth $45,141, roughly flat over 24 hours.
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See also: Crypto Custodian Copper Raises $50M in Series B Round

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

By Krisztian Sandor, Danny Nelson|Edited by Stephen Alpher
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Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

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  • 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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