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Bitcoin Buying

MicroStrategy bags 5.2K Bitcoin at average BTC price of $106K

MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.

Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin (BTC) buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices.

MicroStrategy acquired 5,262 BTC in the period between Dec.16-Dec. 22, pouring roughly $561 million into the asset, the firm officially announced on Dec. 23.

In its latest Bitcoin purchase, MicroStrategy bought the cryptocurrency at an average price of roughly $106,662, the highest cost the firm has ever paid per BTC.

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Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts

Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank AccountsHundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they see funds moving from bank accounts to crypto exchanges. […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024