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Sonakshi Saxena
Dec 4, 2023
by Sonakshi Saxena

XRP Lawyer Praises Saylor's Bitcoin Hold

xrp lawyer

Table of contents

  1. Bitcoin Rally Sparks Excitement; Deaton Eyes $100K Party
Bitcoin has surged past the $41,000 mark, triggering enthusiasm among its followers who now set their sights on the $45,000 milestone. In a significant move in November, MicroStrategy, a major advocate for Bitcoin, made its largest acquisition in three years, purchasing nearly $593.3 million worth of the digital currency. The company disclosed in a November filing that it added 16,130 BTC to its holdings at an average price of $36,785 per Bitcoin, bringing its total Bitcoin holdings to over $6.5 billion. MicroStrategy has now become the leading institution in Bitcoin accumulation, surpassing Marathon Digital Holdings, which holds 13,286 BTC.

As Bitcoin's value eclipsed $41,000, MicroStrategy's stock price also experienced an 8% rally, reaching an increment of $40. MicroStrategy's CEO, Michael Saylor, is known for his bullish stance on Bitcoin, and the positive market movement is celebrated by shareholders.

Bitcoin Rally Sparks Excitement; Deaton Eyes $100K Party

Amidst the crypto community's excitement over Bitcoin's surge, John Deaton, expressing joy, hinted at the prospect of being invited to Michael Saylor's speculated $100,000 party in a lighthearted manner.

The recent rally in the crypto market follows speculations about the imminent approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC). Notably, Bitcoin's ascent has also led it to surpass Berkshire Hathaway's market cap, reaching an impressive $800 billion valuation. Meanwhile, Deaton shared his investment insights, revealing significant purchases of Bitcoin between $40 and $45, and additional acquisitions of Coinbase (COIN) shares during the stock's 51-week low at $31. The entire crypto space is reinvigorated by Bitcoin's recent rally, fueling anticipation and positive sentiment within the community.

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XRP Lawyer Praises Saylor's Bitcoin Hold
Sonakshi Saxena
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.