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MicroStrategy Holds More Bitcoin Value than Cash Reserves of 80% of S&P 500 Companies

MicroStrategy, which began making heavy Bitcoin purchases, now has a BTC balance larger than many S&P 500 firms’ cash reserves. MicroStrategy Inc (NASDAQ: MSTR) currently has Bitcoin holdings worth more than 80% of S&P 500 companies’ cash treasuries. The company’s total Bitcoin portfolio now stands at 114,042 BTC, worth $5.3 billion, after its recent purchase of 5,050 BTC for nearly $250 million. This gives the Nasdaq-listed company a bigger BTC value than the cash coffers of 80% of non-financial S&P 500 organizations.
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CoinTelegraph

MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than what 80% of non-financial S&P 500 companies hold in their cash coffers, as per data compiled by Bloomberg.
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SKALE Network Cryptocurrency Went Up By Over 30% In The Last 7 Days

(VIANEWS) – SKALE Network (SKL-USD) Cryptocurrency is currently on bullish momentum by 30.20% in the last 7 days. At 06:15 EST on Wednesday, 15 September, SKALE Network (SKL-USD) is at $0.4516. Volume. Today’s last reported volume for SKALE Network is 115569609, 45.46% above its average volume of 79449330.47. All-Time High...
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btcpeers.com

Bitcoin will be worth $500,000 by 2026, Ark Invest CEO predicts

Cathie Wood, the CEO of Ark Invest, expects Bitcoin to climb to $500,000 in the next five years. The avid Bitcoin advocate voiced her bullish prediction during an interview with CNBC anchor Andrew Ross Sorkin at the SALT Conference in New York City on Monday. In response to a question about where she sees Bitcoin in the next five years, Wood said:
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ihodl.com

Morgan Stanley Doubles Down on Crypto Research with New Lead

Morgan Stanley is expanding its new cryptocurrency research team with Sheena Shah, the foreign currency strategist. According to Bloomberg, Shah will help the New York-based bank with researches on cryptocurrencies' impact not only on equities, but also fixed income worldwide. Subscribe to our Telegram channel to stay up to date...
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bitcoinmagazine.com

MicroStrategy And Other Whales Continue Bitcoin Accumulation

The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. MicroStrategy’s Relentless Bitcoin Accumulation. Michael Saylor announced today over Twitter that MicroStrategy has...
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ARK Invest Plans to Buy Canadian Bitcoin ETF shares

ETFs are a great way to invest in stocks without having to invest in only one. They can diversify your investment portfolio while making it easier to manage. Cathie Wood’s ARK Invest is known for its ETFs. One of its eight ETFs, the ARK Next Generation Internet ETF, focuses on AI, big data, cloud computing, cybersecurity, and blockchain technology. None have had direct exposure to Bitcoin, but that could change. On Sep. 10, ARK Invest updated its prospectus filing to the SEC, giving it clearance to invest in Canadian Bitcoin ETFs. A prospectus is a required document that’s filed with the SEC, allowing investors to know what securities the ETF will offer.
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bitcoinmagazine.com

Ark Invest CEO Cathie Wood Predicts $500,000 Bitcoin Price By 2026

Ark Invest CEO Cathie Wood said she expects Bitcoin to soar to $500,000 in five years time during an interview with CNBC anchor Andrew Ross Sorkin at the SALT Conference in New York City on Monday. During the interview, Sorkin notably asked Wood what Bitcoin would be worth in five...
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etftrends.com

Grayscale Announces Three Additional Trusts Now SEC Reporting Companies

Digital currency asset manager Grayscale Investments announced on Friday that three of its trusts have become SEC reporting companies. The Grayscale Bitcoin Cash Trust (OTCQX:BCHG), the Grayscale Ethereum Classic Trust (OTCQX:ETCG), and the Grayscale Litecoin Trust (OTCQX:LTCN) will now be required to file 10-Qs and 10-Ks with the SEC. For...
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cryptopotato.com

Cathie Wood’s Ark Invest Allows Itself to Buy Bitcoin ETFs in Canada

The investment firm has opened yet another door for gaining exposure to Bitcoin – this time, the focus goes to Canada. Ark Investment Management – the investment firm owned by notorious Bitcoin-bull Cathie Wood – is now allowing one of its funds to invest in Canada’s Bitcoin ETFs, creating more opportunity for BTC exposure.
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etftrends.com

ARK Internet ETF Could Make Room for Bitcoin ETFs

The ARK Next Generation Internet ETF (NYSEArca: ARKW) isn’t the typical internet exchange traded fund. That much is evident from it being an internet ETF with Tesla (NASDAQ:TSLA) as the largest holding. Over the course of its seven years on the market, the actively managed ARK Invest ETF has also...
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zycrypto.com

Walmart’s Future Crypto Plans: No Litecoin In The Picture – Will Bitcoin, Solana, or Cardano Be Accepted By The Retail Giant?

America’s mega retail giant, Walmart may be nursing plans to delve into crypto, according to a recently posted crypto vacancy, but that plan does not include Litecoin (LTC). In an interview with Bloomberg, a Walmart media correspondent debunked rumors of an impending partnership between the retail giant and Litecoin. Following...
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