Bitcoin - Business Metrics

Bitcoin collector MicroStrategy invests fresh $1bn on Bitcoin

Feb 25, 2021 Banjo Olaniran

Bitcoin collector MicroStrategy invests fresh $1bn on Bitcoin Major bitcoin corporate backer MicroStrategy Inc. said today, Wednesday, that it bought another 19,452 bitcoin, worth around $1.03 billion, swelling its holdings of the cryptocurrency and sending the company’s shares 8 per cent higher in premarket trading. The company, whose chief executive officer, Michael Saylor is one of the most vocal proponents of bitcoin, bought the cryptocurrency in cash at an average price of about $52,765 each. MicroStrategy, the world’s largest publicly traded business intelligence company, spent last year steadily amassing…

Bitcoin defies U.S. rising bond yields to hit historic $51,000

Feb 17, 2021 Ugochi Emmanuel

Bitcoin defies U.S. rising bond yields to hit historic $51,000 Despite an uptick in U.S. government bond yields, Bitcoin’s dizzying bull run is showing no signs of slowing down as the asset continues to attract more funds its inflating its value. The cryptocurrency market leader set a new lifetime high of $51,348 early Wednesday, having penetrated the psychological level of $50,000 on Tuesday for the first time, according to CoinDesk 20 data. Prices have risen by 53 per cent this month alone. The latest move higher comes on the…

Bitcoin price hits $50,000 for first time in history

Feb 17, 2021 Business Metrics

Bitcoin price hits $50,000 for first time in history The price of Bitcoin has hit $50,000 for the first time in history. The cryptocurrency has been in the spotlight recently; receiving endorsements from Elon Musk, Tesla CEO, and Mastercard. Bitcoin, the world’s largest cryptocurrency, garnered renewed interest in January when Musk began to tweet and about his investment and updated his Twitter bio with “#bitcoin”. Following in the footsteps of its CEO, Telsa announced that it had updated its investment policy to get “more flexibility to further diversify and…

‘Unstoppable’ Bitcoin surges 11% over $43,000 on Tesla News

Feb 8, 2021 David Alonge

‘Unstoppable’ Bitcoin surges 11% over $43,000 on Tesla News Bitcoin jumped to fresh record highs on today after U.S. electric car manufacturer Tesla announced its purchase of $1.5 billion of the cryptocurrency. The largest cryptocurrency surged at least 11 per cent to more than $43,000, surpassing the previous peak price of $41,962 reached Jan. 8, according to CoinDesk 20 data. Tesla, headed by Elon Musk, said in a U.S. Securities and Exchange Commission filing that the company has invested an aggregate $1.5 billion in bitcoin and is open to…

Today: Bitcoin extends tumble in further blow to volatile crypto boom

Jan 13, 2021Feb 7, 2021 Business Metrics

Today: Bitcoin extends tumble in further blow to volatile crypto boom Bitcoin resumed declines today Wednesday as the digital coin heads for its worst week since March last year, a drop that’s raised questions about the outlook for the cryptocurrency boom. Bitcoin fell as much as 6.8% to about $32,359 before paring some losses. The largest cryptocurrency whipsawed investors over the past few days, hitting a record near $42,000 on Jan. 8 and then tumbling to a low around $30,300. The price swings evoke memories of Bitcoin’s December 2017…

Bitcoin Miners Witness 11% Revenue Drop in September

Oct 5, 2020Feb 7, 2021 Business Metrics

As price rallies back to $10,515 $281 million KuCoin Theft Suspects Identified ________________________________________ Bitcoin miners generated an estimated $328 million in revenue in September, down 11% from August, according to Coin Metrics data analyzed by CoinDesk. The moderate decrease in revenue came as bitcoin (BTC) stumbled through September, closing the month down 8% after gaining over 25% through July and August. Revenue estimates assume miners sell their BTC immediately. Network fees brought in $26 million in September, or just over 8% of total revenue, down 2 percentage points from fees…