- Coinsauce
- Posts
- MicroStrategy to Raise $42 Billion for Bitcoin!
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Canary files for a Solana Spot ETF with the SEC.
• MicroStrategy to Raise $42 Billion for Bitcoin.
📕Educational :
• Gold is making history!
Lets dive in.
📅 Today
Solana ETF’s Incoming?
Canary Capital has filed for a spot Solana ETF with the SEC, aiming to give investors a convenient way to access the Solana market through traditional brokerage accounts.
This ETF would eliminate the barriers and risks associated with directly holding SOL.
Franklin Templeton is also exploring a spot SOL ETF, underscoring growing interest in this space.
Solana will be the first major altcoin (excluding Ethereum) to have Spot ETF’s in the USA if this ETF is approved.
However, we at Coinsauce believe this won’t happen at least in the short to medium term future.
Microstrategy Shows No Signs Of Stopping 🙏
MicroStrategy has announced plans to raise $42 billion through equity and fixed-income securities over the next three years to expand its Bitcoin holdings.
To put that into perspective, that would be equal to the company buying 5,83,333 BTC at current prices, while in the next 3 years, only 492,750 BTC will be issued.
This means that Microstrategy alone plans to acquire more BTC than what will be mined in the coming 3 years.
By the end of Q3 2024, the company held 252,220 Bitcoins, valued at approximately $6.851 billion, with Bitcoin priced at $63,463 per coin.
Go Premium
Upgrade Your Experience
Get the full Coinsauce premium experience – featuring exclusive content;
Weekly on-chain insights.
3-5 altcoin chart setups.
In-depth Bitcoin price updates.
Occasional in-depth reports on altcoin gems.
VC funding roundups.
Market cycle insights.
Premium Telegram trading group, and more.
🌎 Other News
📕 Educational
Gold's rally has been unstoppable:
Gold prices have skyrocketed 34% year-to-date, marking the best performance since 1995.
At the same time, gold has seen 41 all-time highs and has already exceeded 2011's performance when it posted 34 new all time highs.
Gold prices have also crossed $2,800 per ounce for the first time in history.
Adjusted for inflation, gold is trading at the highest level since the 1970s historic bull market.
Gold is now on track to record the best year since 1979 when prices finished 120% higher.
Gold is making history
📊 Stat of the day
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
Do you find our emails valuable? |
Reply