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MicroStrategy, the business intelligence firm and one of the largest corporate holders of Bitcoin, announced the acquisition of an additional 15,400 BTC between November 25 and December 1, worth approximately $1.5 billion at an average price of $95,976. for Bitcoin. According to a filing with the Securities and Exchange Commission (SEC).
This purchase is part of an aggressive Bitcoin accumulation strategy that has characterized the company led by Michael Saylor, co-founder and executive president. With this latest transaction, MicroStrategy’s total holdings amount to 402,100 BTC, valued at more than $38 billion, acquired at an average price of $58,263 per unit, including fees and expenses.
To finance this purchase, MicroStrategy sold 3,728,507 shares of the company for a sum equivalent to the $1.5 billion invested in Bitcoin. The firm indicated that it still has USD 11,300 million in shares available for sale within its plan to offer 21,000 million dollars in shares and 21,000 million in fixed income securities, with the objective of raising USD 42,000 million in the next three years. to continue your Bitcoin purchases.
Ethereum-impulsa-su-popularidad”>Record Investments in Ethereum-Based Funds Boost Popularity
Global Ethereum-based investment funds, managed by giants such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares, recorded net inflows worth $634 million last week, hitting a new annual record. According to a CoinShares report.
This notable increase reflects a “drastic change” in sentiment towards Ethereum. Which has led the accumulated net inflows in 2024 to exceed $2.2 billion, breaking the previous record of $2 billion set in 2021, a month before the end of the year, explained James Butterfill, head of research at CoinShares.
In the United States, Ethereum exchange-traded funds (ETFs) led the flows, adding $466.5 million in a week marked by a Thanksgiving holiday. This increase represents the second largest weekly inflow since Ethereum ETFs began trading in July, cementing its appeal among institutional investors.
Marathon Digital makes a bold bet by buying 6,484 Bitcoin for USD 618 million
Marathon Digital, one of the leading Bitcoin Mining companies, has taken a strategic step by investing USD 618 million in the acquisition of 6,484 Bitcoin. According to SEC filings, the company paid an average of $95,352 per unit, a figure that includes fees and other associated costs.
The purchase was made at a time when the price of Bitcoin reached $98,000 before stabilizing below $95,000, according to data from CoinGecko. Despite buying near a recent high, the news has been welcomed by shareholders: during European trading, Marathon (MARA) shares rose 1.9%.
Not everything will end with this purchase. Marathon also announced that it will seek to raise up to $700 million through private offerings targeting institutional investors. Of this amount, $50 million will be used to repurchase convertible notes due in 2026, while the remainder will go toward acquiring more Bitcoin and other corporate fines.
WisdomTree seeks to launch an XRP Spot ETF in the United States
Fund manager WisdomTree, known for pioneering the issuance of a spot Bitcoin exchange-traded fund (ETF) in the United States, has taken a step further by filing to launch an XRP-backed ETF. On December 2, the firm became the fourth company in the country to file a Form S-1 with the Securities and Exchange Commission (SEC) for this type of financial product.
The fund, called WisdomTree XRP, seeks to offer investors direct exposure to the price of XRP by issuing shares that will be listed on the Cboe BZX Exchange. If approved, this ETF will employ a cash-based creation and redemption model, with the possibility of incorporating an in-kind model in the future, subject to new regulations.
The filing highlights that Coinbase Global, a leading Cryptocurrency exchange, will be both the lead execution agent and custodian of XRP for the fund. According to WisdomTree, Coinbase already plays a crucial role in other XRP spot products competing in the US market, establishing itself as a key player in the cryptocurrency ETF ecosystem.
This is not the first product on which both companies collaborate. Coinbase also acts as a custodian on the WisdomTree Bitcoin Fund (BTCW), which began trading along with nine other Bitcoin spot ETFs in January.
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