Ex-Binance CEO CZ Offered $4.6B To Visit the UAE

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Tesla's Steady Bitcoin Investment in Q4 2023

Throughout the fourth quarter of 2023, Tesla held firm on its cryptocurrency strategy, not selling any of its 9,720 Bitcoin.

This decision underscores Tesla's ongoing commitment to digital currency investments, with its Bitcoin portfolio valued at around $385 million.

Tesla's stance is indicative of a broader trend among public companies investing in Bitcoin, including:

• Microstrategy: 189,150 BTC

• Marathon Digital: 15,174 BTC

• Tesla: 9,720 BTC

• Hut 8 Corp: 9,195 BTC

• Coinbase: 9,000 BTC

• Galaxy Digital: 8,100 BTC

This collective confidence in Bitcoin highlights the growing acceptance of cryptocurrencies as a legitimate asset class in the corporate world.

Ex-Binance CEO's $4.6 Billion Bail Request Denied

Ex-Binance CEO, CZ, in a notable legal move, offered his $4.6 billion stake in Binance.US as collateral to secure permission for a temporary visit to the UAE.

This request came amidst CZ's legal battles in the US, where he is out on a $175 million bond after pleading guilty to money laundering charges, with a potential 18-month prison sentence looming.

Despite the substantial bail offer, US authorities denied the request, ensuring CZ remains stateside pending trial. This incident highlights the stringent conditions imposed on high-profile individuals facing serious legal accusations.

Grayscale's Significant Bitcoin Transactions

Grayscale has recently made headlines by transferring 5,865 BTC, valued at $234 million, to Coinbase Prime, marking a notable activity in their Bitcoin management strategy.

Following the approval of their ETF, Grayscale's Bitcoin deposits soared to 99,566 BTC, totalling $4.08 billion. Their current Bitcoin holdings stand impressively at 510,682 BTC, worth approximately $20.43 billion.

This aggressive management reflects Grayscale's dynamic approach in the cryptocurrency market, underlining its significant role and influence within the Bitcoin investment landscape.

📅 Stat

Here Are Crypto owners by country

• India 🇮🇳: 93.5 Million

• China 🇨🇳: 59.1 Million

• USA 🇺🇸: 52.8 Million

• Brazil 🇧🇷: 25.9 Million

• Vietnam 🇻🇳: 20.9 Million

• Pakistan 🇵🇰: 15.8 Million

• Philippines 🇵🇭: 15.7 Million

• Nigeria 🇳🇬: 13.2 Million

• Indonesia 🇮🇩: 12.2 Million

• Iran 🇮🇷: 12 Million

Source: Triple-a.io 

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The Difference Between Bitcoin at $40,000 in 2021 vs 2024

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