MicroStrategy lägger till $600M värde av Bitcoin till sin portfölj
- MicroStrategy ökade sitt Bitcoin-innehav med mer än 10% på bara en månad.
- The SEC has called for comments on Fidelity’s spot Ether ETF application.
MicroStrategy strengthened its position as the largest corporate holder of Bitcoin in November by purchasing an extra 16,130 BTC, worth around $608 million. MicroStrategy’s co-founder Michael Saylor revealed on November 30 that the business purchased the bitcoin for about $593.3 million, or $36,785 per piece. Earlier on, MicroStrategy claimed it held 174,530 BTC, or approximately $6.6 billion.
MicroStrategy är en av de organisationer som visat intresse för Bitcoin de senaste åren. Mjukvaruutvecklaren tillkännagav 2020 att den skulle använda Bitcoin som sin likvida reservtillgång och har kontinuerligt köpt betydande mängder av kryptovalutan.
Mikrostrategi hölls 158 400 bitcoins i slutet av oktober, efter att ha fått 6 607 bitcoins från början av tredje kvartalet. Det har nu ökat sitt innehav med mer än 10% på bara en månad.
Saylor, the company’s former CEO, believes Bitcoin is a hedge against inflation and would be a good strategy for investors to receive maximum returns. Saylor has also advised investors to purchase the company’s shares as a way to gain crypto exposure.
Saylor views Bitcoin as a “dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.” The prominent investors believe Bitcoin is a preferable asset to gold and real estate.
MicroStrategy’s strategy appears to have paid off in recent months. The current price of MicroStrategy’s Nasdaq stock, MSTR, is $493.15 a share. Although shares are down 2% from the previous day’s close, it represents a 17% gain over the last month.
SEC Calls for Comments on Fidelity’s ETF Application
I andra nyheter, US Securities and Exchange Commission (SEC) har kallad for public comments on Fidelity’s spot Ether ETF application. The SEC urged “interested persons” to provide feedback on the Fidelity offering, proposing that the Cboe BZX Exchange list and trade shares of the Fidelity Ethereum Fund.
The SEC’s call for feedback is an important step toward the possibility of an ETF based on cryptocurrency being introduced into the American financial system. The regulator also set up a 21-day comment period.
Fidelity lämnade in sin första ansökan om godkännande av fonden i mitten av november, och gick med i raden av andra företag som tävlar om en spotcryptocurrency exchange fund (ETF) i USA.
The introduction of Fidelity’s Ether ETF would provide US investors with a regulated investment vehicle and be a significant step toward advancing the mainstreaming of cryptocurrencies.
Trots flera applikationer från flera organisationer har SEC ännu inte godkänt noteringen av någon spotcrypto-ETF för de amerikanska marknaderna. Vissa kryptoexperter tror dock att regulatorn kan godkänna sådana ansökningar redan nästa år.