The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The bitcoin acquisitions follow MicroStrategy's latest sale of shares during the same period, equivalent to the same value.
A potential BoJ rate hike next week could trigger a yen carry trade unwind, disrupting global liquidity and impacting risk assets.
The social stock and crypto trading platform could list in New York as soon as Q2, targeting a valuation of more than $5 billion.
The combined daily trading volume of shares in MicroStrategy, Coinbase and Bitcoin ETFs hit $38 billion as Bitcoin breached $89,000.
As bitcoin climbs above $82,000, U.S. crypto equities are soaring in pre-market trading, with Semler Scientific leading with a 25% gain.
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.
A swathe of new research reports from major traditional financial institutions predicts outsized growth and adoption of real-world asset tokenization over the next few years.
Bitcoin is currently exactly where it was in the last two cycles, said NYDIG's research head Greg Cipolaro, who said crypto could be in for a big Q4.
The company is the largest corporate bitcoin holder with more than $13 billion worth of BTC in its treasury.
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said.
The brokerage firm lifted its rating on the crypto exchange’s shares to market perform from underperform.