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1221 days ago

Software company Microstrategy (MSTR) as a Bitcoin (BTC) proxy

Microstrategy (MSTR), a software company specialized in maintenance systems and Business intelligence applications is becoming a play on Bitcoin (BTC). Indeed, Michael Saylor, the CEO, disclosed mid-September that he invested a very large part of the company's cash buffer into Bitcoin. The company bought 38,250 bitcoins with an average price of $11,000. With Bitcoin hitting record high today, this means that nearly $800 million are invested into Bitcoin, which is a fairly large amount for a market cap of $2.5 billion. Consequently, the stock is now seen as a Bitcoin proxy which explains the recent surge including today 20%+ gain. Source: www.investing.com 

#Stocks
Microstrategy (MSTR) chart

1221 days ago

Bitcoin hits a record high !

BTC has fully recovered its Thanksgiving sell-off and has now made a new record high - seemingly on the back of news that ex-Fed Chair Janet Yellen will be the next Treasury Secretary

Bitcoin hits a record high !

1224 days ago

An "outrageous" chart: Grayscale Litecoin Investment Trust is trading at a 5,874% premium to NAV...

Very interesting chart by Charlie Bilello: the Litecoin Investment Trust ($LTCN) just may be the craziest thing you will ever see. The trust closed on Tuesday at $500 per share while the current value (NAV) of its underlying holdings (Litecoin, a cryptocurrency) is $8.37 per share (see the flat line on the bottom of the chart). That means someone bought the trust at $500, paying a 5,874% premium above what the Litecoin assets in the trust were worth...(source; Compound, Charlie Bilello, Y charts)  

Grayscale Litecoin Trust vs. Litecoin (the underlying cryptocurrency)

1224 days ago

Bitcoin Wealth distribution: 4.11% of addresses own 96.53% of BTC

Meanwhile, 95.89% of addresses own 3.47% of Bitcoins (in red). Maybe Bitcoin is not that decentralized after all? Source: Howmuch.net 

Bitcoin wealth distribution

1224 days ago

Bitcoin technicals: what's next after the huge candle?

Liquidity is coming back to markets so let's see how things will develop as charting parabolic moves is very hard. Note that the 50 day at 14500, 100 day at 12700 and 200 day at 11295 are the key support levels to watch - source: The Market Ear, Refinitiv 

Bitcoin (BTC) chart
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