MicroStrategy CEO Michael Saylor's personal Bitcoin holdings have grown by about $700 million as Bitcoin surged to around $62.400. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin's rise continues
📍Almost all Bitcoin wallets are currently in the black, with the market-leading cryptocurrency trading above $62.400. One of these wallets is that of Michael Saylor, CEO of MicroStrategy. According to a report by CNBC, Saylor holds a total of 17.732 BTC in his personal wallet. With this total of cryptocurrencies and the recent rise of Bitcoin in the market, Saylor has earned about $700 million dollars, in the last 3 days.
CNBC noted that Saylor is a big believer in Bitcoin, stating in December that investing in the cryptocurrency can be a highly profitable and lucrative strategy for institutions.
In addition to his personal holdings, Saylor's company, MicroStrategy, currently owns 193.000 BTC, valued at over $12.000 billion. The company's unrealized gains from Bitcoin's current surge are worth $6.000 billion.
The United States moves its Bitcoin holdings
📍Two Bitcoin wallets associated with the Bitfinex hack, which were seized by the US government, have recently been activated. In total, nearly $1.000 billion worth of Bitcoin was transferred from these wallets to new, unknown addresses. To date, according to data from the Buy Bitcoin World Wide platform, the US government owns 207.189 BTC, valued at more than $12.700 million dollars.
The reasons behind these operations are unclear, CoinDesk reported. However, this movement coincides with the great bullish momentum that Bitcoin is experiencing in the market and that has led the cryptocurrency to exceed a price of $64.000 dollars this week.
According to Coinglass data, around $580 million has been liquidated between long and short positions following the recent Bitcoin price surge. At the time of writing, the cryptocurrency is trading at around $62.000 per unit.
Morgan Stanley to list Bitcoin ETFs
📍US-based financial multinational Morgan Stanley will list Bitcoin ETFs on its brokerage platform. According to multiple reports, the company is doing due diligence to add several Bitcoin exchange-traded funds on its brokerage platform, in order to expand the accessibility of its clients and investors to Bitcoin.
A person familiar with the matter told CoinDesk that Morgan Stanley has been evaluating the possibility of integrating Bitcoin ETFs into its platform since the Securities and Exchange Commission approved the funds on Jan. 10.
VeBetterDAO, the new platform based on VeChain
📍VeChain developers have announced the launch of a new platform focused on sustainability. Called VeBetterDAO, this new platform is designed to bring to life a new ecosystem of sustainability-focused decentralized applications (DApps) on Web3. Its developers they explained that VeBetterDAO will allow to involve, incentivize and reward user activity, incorporating companies and individual actors in sustainable practices and operations.
With the launch of this new platform, VeChain is also introducing two new tokens to its ecosystem, B3TR and VOT3, which will serve as an incentive token and governance token, respectively.
Marathon Digital Holdings supports Anduro
📍Marathon, one of the largest Bitcoin miners, is backing a new platform focused on sidechain development. Called Anduro, the new platform is based on Bitcoin, currently the most robust blockchain network and the most capitalized cryptocurrency in the world.
This new development platform is being backed by Marathon Digital Holdings and is designed to drive the creation of multiple Bitcoin sidechains, allowing for expanded functionality and use cases of the network, thereby increasing its appeal and mass adoption.
Marathon announced in a release which is developing two new sidechains using Anduro. The new sidechains will be open source and related to the Ordinals protocol and the tokenization of real-world assets (RWA), the crypto mining company explained.
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IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
