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Bitcoin currently has a market value exceeding $1.4 trillion, surpassing numerous top companies such as silver, Meta (owned by Zuckerberg), and Berkshire Hathaway under Buffett, solidifying its position as the 8th largest asset globally!
Meanwhile, Ethereum is also making strides, with its market value surpassing Walmart, reaching $485.04 billion and ranking as the 19th largest asset globally, overtaking assets like SPDR S&P 500 ETF Trust, LVMH, and iShares Core S&P 500.
At the same time, MicroStrategy, a US-listed company that has been closely watched by the crypto community, disclosed yesterday that amidst Bitcoin hitting a historic high, while investors are discussing the possibility of a correction, MicroStrategy has completed the issuance and sale of $800 million in senior convertible notes. Over the past two weeks, MicroStrategy has once again increased its holdings, acquiring 12,000 more Bitcoins, bringing its total holdings to 205,000 Bitcoins, with a total value of $14.758 billion and an unrealized profit of $7.848 billion!
These series of developments indicate the rising prominence of Bitcoin and Ethereum in the global asset market, attracting more attention and investments. Investors continue to monitor whether Bitcoin prices will experience a correction, while MicroStrategy's increased holdings demonstrate some institutions' confidence in cryptocurrency. |
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