MicroStrategy bought 11,931 Bitcoins on June 20 on the X platform, for an average price of $65,883 each. This was worth $786 million. Michael Saylor stated this on the X platform. After this buy, the company now has a total of 226,331 BTC in Bitcoin, making it the most significant Bitcoin holder among businesses.
MicroStrategy recently sold debt to pay for the purchase. This came after the company finished selling $800 million in convertible notes. Even though the purchase was significant, it did not have much of an effect on the market because most people knew it was going to happen after the company raised the price of its debt last week.
Shiba Inu Project Insights
Lucie, who is in charge of marketing for the Shiba Inu project, recently wrote on X about the new Shibarium game and quoted Shytoshi Kusama, who is in charge of the Shiba Inu project. Kusama said that the game, which is in its final stages of development at the moment, will only be available on Shibarium to the Shiba Inu autonomous team. Later, decentralized features may be added to the mobile form.
Kusama thinks that the game will make the SHIB, LEASH, and BONE tokens more valuable. The funds that are made from in-app sales will also be used to encourage SHIB and LEASH burns.
The XRP and ADA communities can look forward to encouraging news in a new study from Santiment. The Santiment data team says that traders are shorting these altcoins in large numbers after their prices have recently gone up. People see this trend of shorting as a good sign for possible bullish moves because it can push prices up even more.
At the moment, XRP is trading at $0.4838 and ADA is trading at $0.3797. They are ranked seventh and tenth on CoinMarketCap’s list of the top ten cryptocurrencies, with market caps of $26.89 billion and $13.55 billion, respectively.
