$117,913.00
-0.03%$2,955.10
-0.41%$2.79
-0.09%$690.14
-0.31%$162.11
-0.26%$0.999899
0.00%$0.198181
-1.20%$0.300641
-1.21%$2,953.88
-0.37%$0.736843
2.40%$47.73
2.37%$117,589.00
-0.10%$0.436193
12.25%$3,568.61
-0.18%$3.44
-0.37%$15.37
0.63%$505.40
-2.45%$0.226781
13.02%$21.33
2.61%$9.03
-0.56%$3,167.35
-0.33%$0.00001319
-1.21%$3.01
0.13%$2,955.98
-0.34%$0.999681
-0.01%$94.66
1.70%$46.19
-0.99%$1.00
-0.01%$336.85
1.05%$3.98
-0.11%$117,976.00
0.07%$1.001
-0.04%$4.40
-0.52%$0.00001215
-2.44%$8.43
-0.21%$304.10
-0.36%$388.36
-0.86%$0.466492
-0.84%$4.96
1.94%$0.103194
-1.11%$1.18
0.02%$2.51
0.09%$48.77
0.45%$5.42
1.16%$197.37
-0.03%$0.895882
0.75%$1.00
0.00%$18.27
-0.70%$1.059
0.01%$0.668272
5.25%$0.085164
-0.98%$0.999832
-0.05%$4.65
-0.77%$0.02433576
-0.01%$0.329293
-1.93%$0.231915
-0.26%$0.239029
7.69%$0.410381
1.94%$9.71
-1.09%$4.49
0.77%$3.69
0.57%$0.00002476
13.28%$15.88
-2.00%$0.710282
1.16%$0.322051
-2.26%$2,954.20
-0.50%$1.031
-0.19%$2.56
-0.49%$117,561.00
-0.06%$113.63
-1.61%$0.077619
-1.75%$4.72
-0.14%$172.02
-0.37%$0.02378125
4.71%$0.487762
1.16%$0.999582
-0.01%$0.997403
-0.25%$11.38
-0.70%$3,097.90
-0.36%$3,370.22
-0.28%$1.50
-5.13%$1.00
0.02%$1.87
-1.34%$1.27
-0.39%$4.29
-2.09%$1.24
-1.67%$12.45
-1.63%$0.073513
2.61%$0.768483
2.84%$0.01690057
-0.52%$0.65363
0.19%$0.35228
-1.76%$3,178.65
-0.18%$1.71
-2.99%$3,105.78
-0.37%$117,624.00
-0.05%$1.00
-0.02%$0.999798
-0.01%$3,111.75
-0.37%$0.528096
4.89%$0.098312
1.37%$0.961414
-0.33%$117,647.00
0.05%$1.11
0.01%$3,351.76
0.21%$11.72
-5.14%$0.00009614
0.00%$690.04
-0.34%$0.581709
-18.17%$0.156332
-2.24%$118,010.00
0.49%$3,192.90
-0.40%$0.999453
-0.00%$0.635124
0.29%$0.535627
-0.98%$182.29
-0.24%$3,352.51
0.13%$2.37
-5.41%$212.18
-0.02%$0.206779
9.16%$0.804325
0.79%$0.01696762
-0.46%$2.76
1.61%$0.817073
-1.46%$0.0150289
3.24%$10.74
0.00%$21.78
-0.26%$0.293622
1.36%$111.77
0.00%$42.71
0.74%$0.119387
2.33%$0.998086
0.02%$0.00000068
-1.28%$1.93
-1.20%$0.00000171
2.96%$0.253912
0.65%$0.632016
1.32%$2,953.80
-0.41%$0.777424
0.15%$47.73
2.31%$3,172.39
-0.13%$3.92
-0.76%$1.092
-0.18%$117,629.00
-0.03%$115,882.00
-0.79%$0.384144
0.28%$3,061.36
-0.78%$2,955.77
-0.34%$0.313566
1.40%$0.999763
0.10%$0.00879361
-2.69%$0.997657
-0.00%$0.01668501
-2.76%$3.04
0.25%$1.74
3.91%$117,800.00
-0.16%$0.399072
-0.67%$47.72
2.34%$0.539217
-2.18%$0.054406
-4.46%$1.51
0.13%$0.524727
-1.64%$0.487897
-2.31%$26.31
-0.78%$0.654569
-1.14%$0.999958
0.03%$0.100762
3.01%$1.00
-0.00%$2,955.82
-0.39%$0.198443
-1.08%$0.137648
-2.07%$0.997845
-0.14%$0.345921
24.89%$0.22354
1.01%$0.00791075
0.30%$0.425562
0.05%$3,143.36
-0.40%$0.063965
3.28%$0.602452
-0.74%$0.00451996
-0.21%$0.99981
0.00%$0.00000045
-0.69%$15.59
1.86%$0.371432
3.70%$6.23
-0.98%$46.68
-0.58%$7.59
0.63%$1.14
0.34%$3,263.00
-0.33%$6.49
2.87%$0.00002108
-0.62%$0.167455
-0.71%$0.0045277
3.29%$1.32
-0.76%$2.49
0.08%$1.094
-0.00%$1.002
0.28%$117,430.00
-0.27%$0.055144
-0.63%$0.151579
-0.39%$1.002
-0.03%$3,235.34
-0.39%$0.04034676
-0.43%$0.534016
-1.10%$2,954.55
-0.30%$1.54
-2.45%$0.999917
0.01%$0.079059
2.58%$1.35
5.44%$2,954.59
-0.37%$0.03650449
-1.35%$0.01866697
0.59%$2,950.44
-0.43%$0.355148
0.39%$0.00677456
-0.69%$117,691.00
0.00%$1.00
0.01%$0.356684
-1.67%$0.766264
5.44%$177.35
-0.13%$20.99
0.82%$0.52013
-0.52%$0.0000622
-0.99%$0.231882
-0.18%$0.835875
1.86%$127.39
-0.35%$11.39
1.08%$25.80
1.99%$3,569.92
-0.38%$1.11
-2.86%$0.00373676
-2.11%$0.755311
-0.23%$0.999251
-0.00%$1.002
0.26%$21.24
1.99%$0.999123
-0.04%$0.678585
0.53%$0.02927034
-0.62%$0.091394
20.95%$0.999507
-0.19%$117,710.00
-0.06%$0.00423232
1.49%$2,368.11
0.00%$1.02
-0.02%$0.477562
2.33%$3,101.30
-0.22%$17.02
-0.43%$0.283268
-7.21%Reading
American software firm Microstrategy would be up $1.6 billion if it had invested in Ethereum, not Bitcoin, according to a new tool from BlockChain Center.net.
Under the leadership of Bitcoin maximalist Michael Saylor, the firm has used a huge chunk of its cash reserves, as well as taking on debt, to purchase the asset, while evangelizing the value of Bitcoin over all other coins.
Saylor stepped down from his role as CEO last month.
Microstrategy has purchased 30,000 Bitcoin at an aggregate purchase price of $3.98 billion since it first dove into the market on August 11, 2020, saying that Bitcoin may have “more long-term appreciation potential than holding cash.”
But amid the ongoing crypto winter, Saylor's high-profile gamble has left Microstrategy with a paper loss of roughly $1.3 billion, with its holdings now worth only $2.62 billion.
In contrast, had Microstrategy opted for Ethereum its holdings would be worth around $5.6 billion.
Saylor has regularly promoted his favorite asset on social media, once calling Bitcoin “a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.”
He also told his audience of roughly 2.7 million followers “that there is no second best” and hashtagged Bitcoin.
There is no second best. #Bitcoin
— Michael Saylor⚡️ (@saylor) October 8, 2021
Many commentators on social media have been quick to point out, however, that it's not just Ethereum that would have outperformed Microstrategy’s Bitcoin bet.
and it’s not just saylor
if you DCA’d into bitcoin over the last couple of years you’re down horrendous, even if you started at $4,000
if you DCA’d anything else. - ETH, SOL, DOGE… you’re up by a lot
can’t imagine why the plebs are so mad
— Udi Wertheimer (@udiWertheimer) November 4, 2022
Since August 11, 2020, the price of Solana, for example, has rocketed from $3.14 to $30.83 at the time of writing, marking an 881.83% increase.
In addition, the price of Dogecoin has moved from $0.00349141 to $0.119657 at the time of writing over the same period.
Microstrategy isn’t the only firm investing in Bitcoin.
In February 2021, Tesla announced it had purchased $1.5 billion worth of Bitcoin, a decision that prompted the price of Bitcoin to skyrocket, though it has now divested most of that investment.
Payments giant Square Inc. also holds around $220,000,000 worth of Bitcoin as per CoinGecko data, calling Bitcoin an “instrument of economic empowerment” in an announcement.
Though investors understandably may now see Microstrategy as more of a Bitcoin investment vehicle, its core business is still alive and kicking.
The company generated $511 million of revenue in 2021, with 55% of this coming in the form of providing product support for its proprietary software offerings.
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Solana token launchpad Pump.fun is prepping for its initial coin offering, aka ICO, on Saturday, July 12. With U.S. and UK citizens banned from participating, traders are eagerly awaiting its full launch to purchase PUMP—but will it pump or dump once it starts trading? The token is set to go on sale via six centralized exchanges (Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate.io) as well as the Pump.fun website Saturday, with 150 billion tokens up for grabs at $0.004 each. Within 48 to 72 hours a...
U.S. spot Bitcoin exchange-traded funds pulled in over $1.17 billion on Thursday, notching their second-highest day of inflows ever as institutional capital flooded into digital assets. The massive inflows to Bitcoin ETFs were led by BlackRock's IBIT with $448.5 million, followed by Fidelity's FBTC at $324.3 million and ARK's ARKB with $268.7 million, according to Farside Investors data. Even with $40.2 million in outflows from Grayscale’s GBTC, total net flows turned sharply positive. The infl...
