Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billionThe purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to further back its popular stablecoin of UST. … [Read more...] about Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC
Holdings
SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings
Under standard accounting rules, the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reflected until an asset is sold. Source link … [Read more...] about SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings
Binance CEO Zhao Is Worth $96B Excluding Crypto Holdings: Report
Changpeng “CZ” Zhao is worth an estimated $96 billion, a figure that rivals tech billionaires Mark Zuckerberg, Larry Page and Sergey Brin, according to Bloomberg.CZ’s net wealth has been estimated for the first time by the Bloomberg Billionaires Index, which concludes that it exceeds that of Asia’s richest person, Mukesh Ambani, the chairman of Indian conglomerate Reliance … [Read more...] about Binance CEO Zhao Is Worth $96B Excluding Crypto Holdings: Report
Kevin O’Leary says his crypto holdings could reach 20% of portfolio
Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins. O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal advocate of cryptocurrency, which currently makes up over 10% of his investment portfolio. Mr. Wonderful is particularly focused … [Read more...] about Kevin O’Leary says his crypto holdings could reach 20% of portfolio
MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings
BusinessThe CEO discussed several ways the software company could produce income from the 122,478 bitcoin on its balance sheet. By Michael BellusciDec 17, 2021 at 7:43 p.m. UTCUpdated Dec 17, 2021 at 7:56 p.m. UTCMicroStrategy CEO Michael Saylor (Joe Raedle/Getty Images) Source link … [Read more...] about MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings