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Bitcoin nears $100k as MicroStrategy buys more crypto
Bitcoin rose by 0.32% on Thursday, reaching US$98,747 in Singapore after hitting an intraday high of US$99,876.70.
The broader cryptocurrency market, including Ether, Solana, and Dogecoin, also experienced a minor recovery, increasing by 0.2% following a decline on Wednesday.
The increase in Bitcoin’s value is linked to MicroStrategy Inc.’s recent filing with the United States Securities and Exchange Commission.
MicroStrategy, which has shifted from a software firm to a significant Bitcoin investor, recently acquired US$561 million worth of the cryptocurrency.
Recent MicroStrategy developments
| Timeline |
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24-Dec-2024 💰 MicroStrategy buys 5,262 more bitcoins for $561m
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17-Dec-2024 💰 MicroStrategy buys 15,350 bitcoins in $1.5b purchase
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10-Dec-2024 💰 MicroStrategy acquires 21,550 bitcoins for $2.1b
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30-Nov-2024 📈 Bitcoin nears $100k after 38% rise in November
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26-Nov-2024 ₿ MicroStrategy makes record $5b bitcoin purchase
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