MicroStrategy's Bitcoin holdings have generated over $9 billion in profits
On November 7th, according to the current price of Bitcoin at $75,129.5, MicroStrategy's Bitcoin holdings have a floating profit of over $9 billion. Earlier reports stated that as of September 19, 2024, MicroStrategy holds a total of 252,220 Bitcoins, with a total purchase cost of approximately $9.9 billion and an average price of approximately $39,266.
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What's next for the crypto industry following Donald Trump's election victory?
With Donald Trump securing victory in the U.S. presidential election and the prospect of a Republican-controlled House and Senate, speculation has begun on what’s next for the crypto industry ahead of his Jan. 20 inauguration.The crypto community wants to see Trump’s campaign promises — including appointing a crypto-friendly SEC Chair, commuting the sentence of Ross Ulbricht, and creating a national strategic bitcoin reserve — fulfilled.