MicroStrategy has expanded its Bitcoin portfolio by acquiring an additional 18,300 BTC at an approximate cost of $1.11 billion, as announced by the company’s executive chairman Michael Saylor. The latest purchase values each Bitcoin at around $60,408. This strategic move has bolstered the company’s total Bitcoin holdings to 244,800 BTC, purchased for approximately $9.45 billion at an average price of about $38,585 per Bitcoin.

The company has reported a Bitcoin yield of 17.0% year-to-date (YTD), with a 4.4% yield for the quarter to date (QTD). These figures underscore MicroStrategy’s aggressive investment strategy in the cryptocurrency space, aiming to leverage the potential long-term value of Bitcoin despite the market’s inherent volatility.

This latest acquisition reflects Saylor’s continued bullish stance on Bitcoin, positioning MicroStrategy as one of the largest corporate holders of the cryptocurrency. The firm’s substantial investment in Bitcoin is part of its broader strategy to integrate blockchain technology into its analytics and business intelligence operations.

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MicroStrategy announced it had purchased 18,300 Bitcoin for $1.11 billion, boosting its total holdings to 244,800 BTC acquired for $9.45 billion.

BREAKING: MicroStrategy buys an additional 18,300 #Bitcoin for $1.11 billion. pic.twitter.com/qhMg5EOqUF

— Bitcoin Magazine (@BitcoinMagazine) September 13, 2024

The business intelligence firm, led by Bitcoin bull Michael Saylor, has been steadily accumulating Bitcoin as part of its corporate strategy since 2020. MicroStrategy’s latest billion-dollar purchase was conducted at an average price of $60,408 per Bitcoin.

According to Saylor, the company has achieved a 17% Bitcoin yield year-to-date, capitalizing on BTC’s appreciation as it continues…

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HTX, a global leader in digital assets, has announced a strategic partnership with IBEX, a fintech innovator specializing in the Bitcoin Lightning Network. This collaboration aims to enhance payment efficiency and reduce transaction costs on HTX’s platform through the integration of Lightning Network technology. Users will benefit from faster transactions, lower fees, and a more seamless crypto experience.

IBEX, founded in 2018, provides fast, secure, and low-cost global settlement solutions via the Lightning Network. Their advanced system enables instant cross-border transactions and significantly reduces fees, making crypto payments more accessible. HTX’s partnership with IBEX will help both companies explore emerging markets and expand into Asia, Latin America, and Africa.

Together, HTX and IBEX will introduce new services, including deposit and withdrawal features, while co-hosting marketing campaigns to promote the adoption of Bitcoin and Lightning Network solutions. This collaboration will increase global access to cryptocurrency payments, benefiting merchants and consumers alike.

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HTX, one of the largest Bitcoin and crypto exchanges globally, announced it will be integrating the Bitcoin Lightning Network in partnership with Bitcoin firm IBEX.

With over 45 million registered users, HTX is a leading Bitcoin and crypto platform in Asia and worldwide based on trading volume and Bitcoin custody. The exchange now plans to incorporate Lightning Network capabilities into its ecosystem.

Lightning Network is a second-layer payments protocol built on top of Bitcoin. It enables near-instant transactions with significantly lower fees. Exchanges have long…

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Marathon Digital Holdings (MARA), a major player in Bitcoin mining, has added over 5,000 BTC in the past month, boosting its total holdings to 26,200 BTC, valued at approximately $1.5 billion. The company disclosed this milestone, solidifying its standing among top crypto holders.

After acquiring 4,144 BTC in mid-August, MARA’s Bitcoin reserves surged to over 25,945 BTC by the end of the month. The company continues to follow a “HODL” strategy, similar to MicroStrategy, retaining all mined BTC and committing to periodic purchases.

With these holdings, MARA is now the second-largest public company holder of Bitcoin, accounting for nearly 0.12% of Bitcoin’s total supply. Bitcoin held by public companies has grown from 272,770 BTC to 333,329 BTC in 2023, while holdings in ETFs and funds have surpassed 1 million BTC, reflecting increased institutional confidence in the cryptocurrency.