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)
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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.
Check out the next episode of CNBC’s Crypto World: https://youtu.be/yNusdD36gMs
Noah of arch is coming BUY BITCOIN NOW before too late stock market going to crash tommorow
I highly recommended Your channel. Thank you for making the effort every morning and sharing your experience with us. I hope more bullish times will come again soon, then your effort will pay off not only for us, but also for the children, to whom the proceeds go I've gotten $18,539 in my portfolio. Thanks so much Paisley Christian.
Crypto currency is utimately becoming the sure and quick way of making more money by wise individuals who love investing to always increase their wealths. it is no doubt that some few wise individuals are secretly becoming rich without any hard or physical
job by investing in crypto currency and Forex while majority are financially stagnant because they arent exposed to investing. this is the secret between the poor remaining poor and the rich becoming richer without stress.
WHy bother invest in his company if anyone can buy btc? Mstr does not mine btc, not the same as gold miners. But no way btc is at the bottom.
BTC is not functional as a currency and has no real enterprise uses. BTC is too slow, too costly and will not scale. Don't buy into hype. BTCs only value comes from mining and it is on a loosing track. Right now the energy cost eats up 66.05% of the returns. What happens in Apr. when it halves again? If the price is the same the energy cost would be 132.1% of your profits. No one will run a rig at a lose. It could be the last straw. Also there are way better crypto out. 'Hedera Hbar”. It is adopted by some of the worlds largest companies and has done over 21.7 billion transactions. It is 200 million times greener than BTC. faster, Proven ABFT, less costly and scalable. It is averaging 1500 tps. BTC has yet to do 1 billion in its life time and it is 8 years older than Hedera. Search (Bitcoin Energy Consumption Index)
Made 200k today. Appreciate this channel for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022.
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $20,000 every single week…
.Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have been earning $ 29,000 returns from my $6,000 investment every 7 days.
At this point, we should all take advantage of the Market. <With the current whirlwind of volatility gripping even the top cryptocurrencies like Bitcoin, Ethereum, Polygon, Solana, and Cardano, having the right information at your fingertips is increasingly important. Making well-informed decisions when market sentiment is fearful can be a winning strategy for investors looking to make smart trades. However, I agree 100% that you should be cautious – when trading crypto. It is best to find a strategy or daily signals that work well to build a very strong portfolio. Trading went smoothly for me as I was able to accumulate more than 15 BTC when I started with 3 BTC in just four weeks trading with the signals and insights of Expert Pius Roger's….//
At this point, we should all take advantage of the Market. <With the current whirlwind of volatility gripping even the top cryptocurrencies like Bitcoin, Ethereum, Polygon, Solana, and Cardano, having the right information at your fingertips is increasingly important. Making well-informed decisions when market sentiment is fearful can be a winning strategy for investors looking to make smart trades. However, I agree 100% that you should be cautious – when trading crypto. It is best to find a strategy or daily signals that work well to build a very strong portfolio. Trading went smoothly for me as I was able to accumulate more than 15 BTC when I started with 3 BTC in just four weeks trading with the signals and insights of Expert Pius Roger's..
Trading crypto has become a lucrative way of making money and I’m grateful to my account manager, Mrs Lisa O'brien%%“`
On a normal trading leverage, I still manage to earn $32,000 weekly from my investment of $3,500, wow I can’t wait for bull run to hit the crypto market so I could make more ..God bless expert Mrs Angela Mae
I'm no longer waiting for the GRANT LOAN because I acquire $29,600 every 10 days recently.
BitcoinSV can do so much more than BTC.
I bet it’s a lie to get retailers to dump money.
MicroStrategy is a nice example of the sunk-cost fallacy.
At this point, we should all take advantage of the Market. <With the current whirlwind of volatility gripping even the top cryptocurrencies like Bitcoin, Ethereum, Polygon, Solana, and Cardano, having the right information at your fingertips is increasingly important. Making well-informed decisions when market sentiment is fearful can be a winning strategy for investors looking to make smart trades. However, I agree 100% that you should be cautious when trading crypto. It is best to find a strategy or daily signals that work well to build a very strong portfolio. Trading went smoothly for me as I was able to accumulate more than 15 BTC when I started with 3 BTC in just four weeks trading with the signals and insights of Expert Pius Roger's..///
At this point, we should all take advantage of the Market. <With the current whirlwind of volatility gripping even the top cryptocurrencies like Bitcoin, Ethereum, Polygon, Solana, and Cardano, having the right information at your fingertips is increasingly important. – Making well-informed decisions when market sentiment is fearful can be a winning strategy for investors looking to make smart trades. However, I agree 100% that you should be cautious when trading crypto. It is best to find a strategy or daily signals that work well to build a very strong portfolio. – Trading went smoothly for me as I was able to accumulate – more than 15 BTC when I started with 3 BTC in just four weeks trading with the signals and insights of Expert Pius Roger's..
At this point, we should all take advantage of the Market. <With the current whirlwind of volatility gripping even the top cryptocurrencies like Bitcoin, Ethereum, Polygon, Solana, and Cardano, having the right information at your fingertips is increasingly important. Making well-informed decisions when market sentiment is fearful can be a winning strategy for investors looking to make smart trades. However, I agree 100% that you should be cautious when trading crypto. It is best to find a strategy or daily signals that work well to build a very strong portfolio. Trading went smoothly for me as I was able to accumulate more than 15 BTC when I started with 3 BTC in just four weeks trading with the signals and insights of Expert Pius Roger's..
I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
Micro Strategy is doing great at THROWING AWAY MONEY.
Please I'm new in this . what's the best way to make money from crypto trading?
"Digital assets" is a vague scam term to obsure the innovation that bitcoin is. Because bitcoin obsoletes Central banks and ends monetary oppression worldwide. The system is incentived to withhold the truth to maintain and perpetuate there power by controlling information using lies and propaganda.
Bitcoin is the most important invention in human history. Learn why. Please study bitcoin.
Vitcoin is the moat important invention in human history ending monetary oppression. Bitcoin not crypto. Bitcoin not "blockchain". Bitcoin is the innovation. Learn why. Dont trust, verify. ALL other crypto is a scam. Please study bitcoin.
Money is an issue that everyone has for a
better and luxurious Life, life was hard for
me until i started trading Mrs Tiffany Karen
and I'm earning $20.000 per week