Left-Leaning Outlets Amplify Their Anti-Bitcoin Bias Following Trump's Endorsement

The media is buzzing about Trump’s recent endorsement of Bitcoin.

Looking at Bitcoin Perception data (chart below), coverage of Bitcoin together with Trump has increased month-over-month since the start of the year, but last week saw quite a stir, since the endorsement seems to be amplifying an already existing anti-Bitcoin bias among some outlets.

Image credit: Mainstream media coverage of Trump + Bitcoin has increased since the start of 2024. (Bitcoin Perception)

Forbes, Fox, and CNBC covered Trump’s move as a positive step for U.S. energy security and economic strength….

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JUST IN: MicroStrategy Acquires 11,931 BTC for $786 Million Investment

MicroStrategy, a global leader in business intelligence, has significantly increased its Bitcoin portfolio, purchasing an additional 11,931 BTC. The acquisition, valued at approximately $786 million, was financed through convertible notes and excess cash, with each Bitcoin costing around $65,883.

This latest investment boosts MicroStrategy’s total Bitcoin holdings to 226,331 BTC, acquired at an average price of $36,798 per Bitcoin. The company’s strategic accumulation of Bitcoin underscores its confidence in the cryptocurrency as a viable and valuable asset in the long term.

As of June 20, 2024, MicroStrategy’s substantial crypto assets, valued at around $8.33 billion, highlight the growing trend of major corporations integrating digital currencies into their financial strategies, further cementing the legitimacy and potential of cryptocurrencies in the global market.

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MicroStrategy Bought 11,931 More Bitcoin For $786 Million

MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 11,931 BTC at a total cost of $786 million.

BREAKING: MicroStrategy buys an additional 11,931 #Bitcoin for $786 million. pic.twitter.com/H7XN5XtBtK

— Bitcoin Magazine (@BitcoinMagazine) June 20, 2024

On June 18, MicroStrategy completed a private offering of convertible senior notes, which included a 2.25% coupon and an approximately 35% conversion premium over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock. The offering was well received in the marketplace and upsized to a total of $800.0 million in…

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