CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Brett Harrison, former FTX U.S. president and CEO of Architect, explains the new company’s focus on investment tools for digital assets and traditional markets.
Chapters:
00:00 - CNBC Crypto World, Sept 25, 2023
0:27 - Bitcoin falls
0:45 - The headlines
2:03 - Brett Harrison of Architect
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MicroStrategy buys $147.3M in bitcoin, bringing total held to $4.68B: CNBC Crypto World...(read more)
LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing
MicroStrategy, the well-known business intelligence firm, has once again made headlines in the crypto world. The company recently announced that it has purchased an additional $147.3 million worth of bitcoin, bringing its total holdings to a staggering $4.68 billion. This move demonstrates MicroStrategy's unwavering confidence and commitment to the leading cryptocurrency. In a tweet, the company's CEO, Michael Saylor, stated that MicroStrategy had acquired approximately 3,907 more bitcoins. This latest acquisition comes as no surprise to those who have been closely following MicroStrategy's journey into the crypto space. The firm made its initial investment in bitcoin back in August 2020 and has been consistently increasing its holdings ever since. MicroStrategy's decision to invest heavily in bitcoin has been driven largely by the company's long-term belief in the potential of cryptocurrencies as a store of value. Its CEO Michael Saylor has been an outspoken advocate for bitcoin, often describing it as "digital gold" and highlighting its ability to hedge against inflation. Since its initial investment, MicroStrategy has acquired bitcoin through various means, including direct purchases from exchanges and its treasury department. The company even went as far as to issue debt in order to fund its bitcoin purchases. With each successive investment, MicroStrategy has been actively increasing its bitcoin reserves, making it one of the largest holders of the cryptocurrency among public companies. MicroStrategy's move to accumulate such a substantial amount of bitcoin has not gone unnoticed by the market. It has inspired other major players, including Tesla and Square, to take similar steps towards embracing cryptocurrencies. The influence of these companies on the adoption of digital assets cannot be underestimated, as their actions help legitimize and bring mainstream attention to the industry. Bitcoin's recent meteoric rise in value has undoubtedly played a significant role in MicroStrategy's decision to continue investing in the cryptocurrency. Despite its volatility, bitcoin has proven to be a resilient asset over time, consistently bouncing back from market downturns and achieving new all-time highs. This has created an alluring investment opportunity for companies like MicroStrategy, which are seeking to protect their wealth and generate long-term returns. While some skeptics argue that bitcoin's volatility makes it unsuitable as a reserve asset, MicroStrategy's ongoing success with its bitcoin investments is a testament to the opposite. The company's continued accumulation and unwavering confidence in bitcoin demonstrate its belief that the cryptocurrency will continue to appreciate in value over time. MicroStrategy's latest purchase further solidifies its position as a prominent player in the crypto space. As the company's bitcoin holdings continue to grow, it will likely be watched closely by both traditional investors and cryptocurrency enthusiasts alike. This innovative approach to treasury management may serve as a blueprint for other institutions looking to diversify their assets and embrace digital currencies. Overall, MicroStrategy's substantial investment in bitcoin is a reflection of the growing acceptance and recognition of cryptocurrencies as a legitimate asset class. It highlights the increasing trend of businesses and institutional investors diversifying their portfolios by allocating a portion of their assets to digital currencies. As more companies follow suit, the crypto world is set to witness further expansion and maturation in the years to come. https://inflationprotection.org/cnbc-crypto-world-microstrategys-bitcoin-holdings-soar-to-4-68b-with-recent-147-3m-acquisition/?feed_id=144138&_unique_id=6524116f7849d #Inflation #Retirement #GoldIRA #Wealth #Investing #Bitcoin #bitcoinmining #breakingnews #businessnews #cablenews #CNBC #coinbase #crypto #cryptoindustry #CryptoInvesting #CryptoMining #cryptoworld #Cryptocurrency #cryptocurrencynews #digitalcurrency #Ether #financenews #financestock #financialnews #FTX #Genesis #mining #money #moneytips #newschannel #newsstation #nfts #stockmarket #stockmarketnews #Stocks #U.S.currency #U.S.economy #usnews #worldnews #BankFailures #Bitcoin #bitcoinmining #breakingnews #businessnews #cablenews #CNBC #coinbase #crypto #cryptoindustry #CryptoInvesting #CryptoMining #cryptoworld #Cryptocurrency #cryptocurrencynews #digitalcurrency #Ether #financenews #financestock #financialnews #FTX #Genesis #mining #money #moneytips #newschannel #newsstation #nfts #stockmarket #stockmarketnews #Stocks #U.S.currency #U.S.economy #usnews #worldnews
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