Crypto News
Former Grayscale CEO Michael Sonnenshein Joins Aptos Labs as Adviser
Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil.Aptos Labs, the developer of layer-1 blockchain Aptos, said in an email it will harness Sonnenshein's knowledge to bring more traditional financial institutions to the network.Weil, who is also a former vice president of product at Facebook owner Meta (META), will advise Aptos Labs on AI strategies for blockchain applications.Sonnenshein stepped down as Grayscale's CEO in May after 10 years with the company, during which the digital asset management company grew its flagship Bitcoin Trust (GBTC) into the pre-eminent BTC investment vehicle, which subsequently became one of the first U.S.-listed bitcoin exchange-traded funds (ETFs).Read More: Payments Giant Stripe Brings...
MicroStrategy Makes Largest-Ever Bitcoin Buy, Adding $5.4 Billion Worth
MicroStrategy’s purchase of 55,500 Bitcoin represented its largest acquisition of the asset on record, bringing its stash to $37.6 billion.Source link
Microstrategy Drops $5.4B on 55,500 Bitcoins, Cementing Giant 386,700 BTC Hoard
Microstrategy shatters records, acquiring 55,500 more BTC for $5.4 billion, pushing its massive holdings to 386,700 BTC in an unprecedented crypto dominance move. 386,700 BTC Milestone: Microstrategy Secures 55,500 More Bitcoins for $5.4 Billion Software intelligence powerhouse Microstrategy Inc. (Nasdaq: MSTR) has once again doubled down on its bullish bitcoin strategy, announcing yet another acquisitionSource link
First Mover Americas: Bitcoin Regains $98K After Weekend Slump
Starting next Monday, First Mover Americas will become Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Publishing at 7 a.m. ET, it will kickstart your morning with comprehensive insights. You won't want to start your day without it.Latest PricesCoinDesk 20 Index: 3,433.47 +3.11%Bitcoin (BTC): $98,230.02 +0.33%Ether (ETH): $3,483 +4.89%S&P 500: 5,969.34 +0.35%Gold: $2,685.55 -1.13%Nikkei 225: 38,780.14 +1.3%Top StoriesBitcoin traded above $98,000 having dropped below $96,000 on Sunday. A pullback had been expected as traders took profits after last week's surge to nearly $100,000. XRP and DOGE led the drop, both losing more than 5%, while ETH, SOL and ADA fell between 2%-5%. They all also pared...
Michael Saylor’s MicroStrategy Makes Mammoth BTC Purchase, Adding 55,500 Tokens for $5.4B
Bitcoin Development Company MicroStrategy (MSTR) added 55,500 of the largest cryptocurrency for $5.4 billion, bringing its holdings to 386.700 BTC worth nearly $38 billion.The company paid an average $97,862 per bitcoin in thjs latest purchase, according to a statement Monday morning, and the buys took place over the six days ended yesterday. Overall, its 386,700 bitcoin were acquired for $21.9 billion, or an average price of $56,761. BTC was trading around $97,500 at the time of publication.The company, which adopted the bitcoin-purchase strategy in 2020, has been in the spotlight in recent weeks due to its continuing large BTC acquisitions a run-up in its share price. A 515% increase this year briefly took it into the top 100 largest U.S....