MicroStrategy, an enterprise software company that has made headlines for its aggressive purchases of BTC, has made another $ 10 million purchase following market uncertainty seen on Thursday. Which means that MicroStrategy buys back on the Bitcoin crash.
What ad Its CEO, Michael Saylor, the company acquired another 205 BTC at an average price of USD 48,888 per coin. Spending $ 10 million in cash.
This puts the company’s total Bitcoin holdings at 91,064 BTC worth $ 4.3 billion. The total cost base for BTCs is $ 2,196 million. Which translates into an average purchase price of USD 24,119 per coin.
MicroStrategy’s most recent purchase of Bitcoin is one of its many “token” purchases in which the company invests a few more million dollars in BTC after each price drop.
The business intelligence company began putting its existing assets in BTC in mid-2020. When Bitcoin was trading close to $ 10,000, its latest purchases have yet to break even.
The latest big purchase, financed by an offering of 900 million convertible bonds, was made at an average price of $ 52,700 per BTC. Bitcoin’s price has since swung amid the worsening outlook for risky assets on Wall Street. However, this has not been an impediment for MicroStrategy to buy again in the fall of Bitcoin.
Thailand’s Largest Cinema Chain Accepts Bitcoin as a Payment Method
Major Cineplex Group, Thailand’s largest theater operator, has allowed some of its customers to buy tickets with cryptocurrencies such as Bitcoin (BTC).
According to a report Thursday from local news agency Siam Rath, Major Cineplex has announced the launch of its cryptocurrency payment pilot project in a move to support innovation and new technologies.
Major Cineplex premiered the new feature at the Major Cineplex Ratchayothin cinema in Bangkok on March 4. Allowing customers to buy tickets with Bitcoin through RapidZ by scanning a QR code. Major Cineplex expects to expand the pilot test to another 39 cinemas in Bangkok by the end of 2021.
The news apparently marks the first time in history that a Thai cinema has accepted cryptocurrencies as payment.
Jack Dorsey puts his first NFT tweet up for sale and receives a $ 1 million offer from Justin Sun
Twitter and Square CEO Jack Dorsey announced that he was putting his first message posted via Twitter up for sale in 2006 in the form of a non-fungible token (NFT). He has already received an offer of $ 1,000,000 for said collectible digital asset. The offer is from none other than Tron CEO Justin Sun.
This was indicated by Dorsey through a message posted on his Twitter account, where he shared a link to the Valuables platform. Service created by Cent that operates through the Ethereum network, in which Twitter users can authenticate their publications on the social network to sell them in the form of NFTs as digital collectibles.
After putting his tweet up for sale on Valuables, the renowned manager quickly received commercial offers from a large number of people within the digital currency space.
As specified above, the person who made the highest bid to date was TRON CEO Justin Sun. Who after offering quite attractive figures gave “the blow on the table” by indicating that he would pay a total of USD 1 million for said NFT.