MicroStrategy to Issue $400 Million in Securities to Buy More Bitcoin

Leading business intelligence firm, MicroStrategy, is betting on Bitcoin, announcing a stock offering to raise $400 million to invest in BTC.

MicroStrategy, the world’s largest business intelligence firm, has announced plans to invest the proceeds of a $400 million securities offering in Bitcoin.

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On December 7, the firm revealed its plans to issue $400 million in senior convertible notes, a debt security that can be converted into shares of the issuing company. The announcement said:

„Microstrategy intends to invest the net proceeds from the sale of the notes in Bitcoin.

At current prices, the $400 million would increase the company’s holdings by 20,833 BTC, bringing the company’s total reserve to nearly 62,000 BTC.

Microstrategy will pay half-yearly interest to note holders until December 2025. The firm also reserves the right to exchange the notes for cash as of December 20, 2023.

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The announcement states that MicroStrategy may also offer up to an additional $60 million in promissory notes to its initial buyers within 13 days of the start of the offer.

The securities will be issued in accordance with Rule 144 of the Securities Act and will be available only to qualified institutional investors.

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In response to MicroStrategy’s announcement, Gabor Gurbacs, CEO of New York-based investment firm VanEck, suggested that the offering is more indicative of a digital asset fund than a publicly traded company:

At what point does an offering of securities that raises dollars for the purpose of investing in Bitcoin turn a publicly traded company into a fund/investment company?

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MicroStrategy caused a sensation in the world of crypto-currency during August, when the company revealed that it had adopted Bitcoin as its main reserve asset after buying 21,454 BTC for USD 250 million. It then bought another 16,796 BTC for USD 175 million the following month. The purchases were made through Coinbase’s brokerage and OTC platform.

Just a few days ago, on December 5, MicroStrategy CEO Michael Saylor announced that the company had purchased another 2,574 BTCs at a price of approximately USD 19,427 each for USD 50 million, bringing its total holdings of crypt coins to approximately 40,824 BTCs.

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At current market value, MicroStrategy’s BTC reserve is worth nearly $784 million, which means that the company currently has a 65% increase in its investment of $475 million.

Ethereum 2.0 agora pronto para o lançamento

Ethereum 2.0 agora pronto para o lançamento em dezembro após uma recepção tépida no início do mês

ETH 2.0 levanta mais de US$ 300 milhões de mais de 16.300 participantes, colocando-o no caminho certo para o lançamento na próxima semana depois Bitcoin Trader que as baleias fizerem grandes investimentos no último minuto.

Embora as perspectivas parecessem incertas até as últimas horas, o Ethereum 2.0 está agora liberado para lançamento na próxima semana, após levantar 524.288 em ETH no valor de mais de US$ 300 milhões de mais de 16.300 participantes.

Um tweet do pesquisador Justin Drake anunciou que o bloco de gênese da plataforma no Beacon Chain será lançado no dia 1 de dezembro às 12h00 UTC (20h00 HKT e 7h00 EST).

O bloco de gênese está agora pronto para ser lançado 🙂

hora da gênese: 2020-12-01 12:00:23 GMT
contagem do validador: 21,063
– Justin Ðrake (@drakefjustin) 24 de novembro de 2020

A Cadeia Beacon, a primeira fase do processo, pode ser pensada como uma cadeia de bloqueio de transição que permitirá a estacação dos ativos e os primeiros passos da migração.

Até ontem, a contagem estava em 636.512 ETH, equivalente a aproximadamente US$385 milhões, de pouco mais de 16.000 participantes – ou validadores, em linguagem de cadeia de bloqueios. Segundo o BeaconScan, duas contas foram responsáveis por pouco mais de 10% dos depósitos, sendo que a maior parte entrou durante as últimas quatro a seis horas da campanha.

10% dos depósitos da ETH eram de duas contas, de acordo com o BeaconScan

Segundo consta, a DeFi lender Celsius Network forneceu 25.000 ETH, equivalentes a cerca de US$ 15 milhões, durante o trecho de casa da campanha Ethereum 2.0 para garantir que ela deixasse a marca.

„Os 25.000 ETH contribuíram para a prova de compra da rede Ethereum vai gerar outra fonte de rendimento para nossa comunidade“, disse Alex Mashinsky, CEO e fundador da Rede Celsius, à CoinTelegraph. „O Ethereum 2.0 vai escalar tudo 100 vezes mais rápido do que agora. A capacidade de mover o Ethereum de uma prova de trabalho para uma rede de prova de participação abrirá um mundo de novas idéias e oportunidades que não poderiam ser alcançadas antes devido a problemas de escalabilidade“.

Como resultado deste efeito bola de neve, o Ethereum viu um aumento de preços de mais de 10% entre segunda e terça-feira desta semana, ultrapassando US$ 600 pela primeira vez em dois anos.

Por que o Ethereum 2.0 é importante?

A mudança do Ethereum para o Ethereum 2.0 será uma mudança fundamental na forma de funcionamento da plataforma da mega-cadeia de bloqueio popular, abandonando a prova de trabalho, que valida os tokens e, portanto, as transações na cadeia através de um algoritmo cada vez mais difícil e, em vez disso, adotando a prova de aposta, que utiliza tokens trancados na rede para validação. Seu poder de validação na rede será agora vinculado diretamente ao número de tokens em sua posse.

A necessidade de mudar para uma alternativa para a PoW vem do fato de que é um processo computacionalmente intensivo, que limita o número de transações por segundo que a plataforma é capaz de processar. Com a loucura DeFi deste último verão, a rede Ethereum ficou extremamente congestionada, pois simplesmente não conseguiu lidar com o aumento maciço da demanda e resultou em altas taxas de gás para uso. Dada a intensidade computacional das correntes de bloqueio PoW, o Ethereum e outras correntes de bloqueio PoW também são conhecidos porcos de energia, com as fazendas de mineração tendo que migrar para áreas com energia elétrica barata (e muitas vezes, mas nem sempre suja) para se manter no negócio.

Transferência de Baleias $89.637.680 em Bitcoin Enquanto a BTC se esforça para permanecer acima de $10.000

A Whale Alert informou que as baleias criptográficas têm movimentado grandes quantidades de Bitcoin, retirando-as das trocas para carteiras anônimas e para o cofre de armazenagem fria Xapo.

O valor de $89.637.680 de Bitcoin mudou

O Whale Alert detectou cinco grandes transações de Bitcoin Future realizadas nas últimas treze horas. A criptografia foi transferida das trocas digitais Bitstamp, OKEX e da carteira Xapo para endereços criptográficos desconhecidos – 5.800 BTC.

O restante do dinheiro foi transferido da Bitstamp para a Xapo – 3.000 BTC.

Agora que a Bitcoin está se esforçando para permanecer acima da linha de suporte de $10.000, alguns usuários parecem estar movendo seus BTC para armazenamento a longo prazo para a carteira Xapo, enquanto outros estão fazendo o contrário e se preparando para retirar seus BTC.

Bitcoin está se esforçando para segurar acima de $10.000 depois de mergulhar abaixo dele

De acordo com os dados da CoinMarketCap, a Bitcoin está sendo negociada na área de $10.200. Hoje cedo, a principal moeda criptográfica mergulhou para a zona de $9.925.

Mas agora retornou acima do apoio crucial de US$ 10.000.

Como foi coberto pela U.U.Hoje cedo, o mercado de Bitcoin está apertando as mãos fracas no momento em que os usuários estão começando a retirar suas participações no BTC.

Além disso, a taxa de lucro de produção gasta de Bitcoin (SOPR) caiu abaixo de 1. Esta métrica mede a taxa de lucro de Bitcoin com fio na cadeia e ficou abaixo de 1 pela primeira vez desde abril, como relatado pela Glassnode. Isto confirma o fato de que os investidores começam a se livrar de seus BTC no momento.

Bitcoin das neue Spiel, das das manipulierte Monopol besiegt

Crypto Exchange Exec nennt Bitcoin das neue Spiel, das das manipulierte Monopol besiegt

Obi Nwosu, der Chef des in London ansässigen Krypto-Währungsumtauschs Coinfloor, sagt, Bitcoin biete einen Ausweg für Marktteilnehmer – vor allem aus der schwarzen Gemeinde – aus dem manipulierten und rassistischen Finanzsystem.

Bitcoin schafft gleiche Wettbewerbsbedingungen

In der letzten Ausgabe des Keiser-Berichts mit Max Keiser, dem Gründer und Gastgeber von Heisenberg Capital, erklärt Nwosu, wie Bitcoin eine Währung ist, die gleiche Wettbewerbsbedingungen schafft.

„Bitcoin hat also das Potenzial, eine Alternative zu bieten. Wenn Sie ein Monopoly-Spiel spielen und jemand alle Hotels hat, und Sie beginnen ein neues Spiel, und sie beginnen mit allen Hotels, dann ist es [ein] nicht sehr lustiges Spiel zu spielen.“

Aber wir haben jetzt die Gelegenheit, dieses Spiel zu beenden und ein neues Spiel von [dem] Anfang an zu spielen. Wir haben eine neue Währung, die keine Grundlage in einem anderen historischen System hat. Sie ist nicht wie jeder andere Wertgegenstand, der uns zur Verfügung steht, wie Immobilien oder Aktien und Anteile und so weiter. Sie spielt nach ihren eigenen Regeln, und der Meister des Spiels ist ein Computerprogramm. Es hat keine Emotionen, aber es ist völlig objektiv, unparteiisch und fair. Das ist alles, was man verlangen kann“.

Chance auf Wohlstand

Nwosu weist darauf hin, dass die Rassentrennung, die weltweite Black Lives Matter-Proteste ausgelöst hat, tief im gegenwärtigen Finanzsystem verankert ist. Doch mit Bitcoin, so der Coinfloor-CEO, habe jeder eine Chance auf Wohlstand.

„Es ist ein völlig leistungsorientiertes Umfeld, und das ist ein Spiel, das, wenn man mit der Leidenschaft und der Energie spielt, die jeder Einzelne sicherlich aufbringen würde und die definitiv auch die Menschen aus der schwarzen Gemeinschaft aufbringen können, mit der Zeit sehr gut funktionieren würde.“

Index fund for crypto currencies: Better investment than Bitcoins?

Willy Woo, the New Zealander who has been financing various start-ups for 15 years, is enthusiastic about the new possibilities of crypto currencies. In his contribution, he deals with the question of whether crypto currency index funds could beat Bitcoin.

Woo simulated investments in Altcoins to examine their developments over time. This could be used to determine whether an investment in the general fund of crypto currencies would make more sense as a passive investment strategy than direct Bitcoin trading.

Explanation: Index funds are passive investment strategies that invest passively in an entire market. An index fund on the S&P 500, for example, would buy all S&P 500 shares. The opposite of index funds are actively managed funds in which managers make decisions about which investments to buy and which investments to sell.

The Bitcoin secret

For his study about the Bitcoin secret, Woo simulated the investments from October 2013 until today, i.e. over a period of three years. Read more about it on onlinebetrug.de

The very long observation period for crypto currencies is particularly interesting because the bubble from 2013 and the bear market from 2014/15 were also taken into account.

Woo invested fictitiously in the ten most important crypto currencies for the study. Every 30 days he updated the list of crypto currencies, included additions and did not look at other currencies any further.

The result of cryptosoft

Woo played through various cryptosoft scenarios in which he included different Altcoins in the fictitious fund. Overview of the cryptosoft results:

Bitcoin vs. Top 10 Altcoins (measured by market capitalisation share)
Bitcoins outperformed the Altcoin portfolio by a factor of 3.8. Woo attributes this to the very divergent market sentiment: While the Altcoins even performed much better in the 2013 bubble, they lost enormously as a result and fell significantly below the portfolio result.

Bitcoin vs. Top 20 Altcoins (measured by share of market capitalisation)
Had the 20 strongest Altcoins been included in the portfolio, Woo says that their performance would have been almost identical.

Bitcoin vs. Top 11-20 Altcoins (measured by market capitalisation share)
Those who had selected the Altcoins with the highest market capitalisation in places eleven to 21 could be pleased about a significantly better result after the simulation: While the profit ratio of the Top 10 or Top 20 Altcoins was about 4.6 (BTC) to 1.2 (Altcoin), this strategy achieved a result of 4.6 (BTC) to 3.6 (Altcoin).

The idea behind this strategy is to look at Altcoins with particular growth potential and remove them from the portfolio as soon as they have passed the growth phase and are among the ten largest.

Woo considered this portfolio to be particularly promising because it was able to hold its own in the bear market and generated strong profits in the bull market. In the end, however, the Bitcoin investment won.

Bitcoin vs. Top 20 Altcoins, capped (investments by market capitalisation share)
Woo has also created another portfolio from the Top20 Altcoins, with the currencies being bought pro rata according to their share of the total market capitalisation. At the same time, one coin may account for a maximum of 25% of the investment, thus avoiding centralisation.

The result was significantly worse than that of the other strategies: 0.82 (Altcoin) to 4.6 (BTC) was the figure at the end of the simulation.

Bitcoin vs. Top 20 Altcoins (equal shares)
In order to achieve broader diversification, this strategy looked at the top 20 Altcoins, each with the same share of the total investment. The result, however, marks the taillight: with 0.64 (Altcoin) to 4.6 (Bitcoin), this was by far the worst result.

Summary: Is the Bitcoin unbeatable?
After his investment simulation, Woo comes to the conclusion that it is difficult to beat the Bitcoin with index funds. With the current situation on the Altcoin market, this is almost impossible, because the Bitcoin is siginificantly underperformed and the portfolio of several Altcoins is much more volatile.

He also criticizes the hypes in the world of crypto currencies: Many startups are strongly overestimated and shitcoins are overestimated. While there are strict regulations for IPOs, the issuing of an old coin is not really tied to special regulations. However, according to Woo, we will see many crypto investments in 2017. It would make more sense to use a fund strategy, he explains, despite the above results.