Keynote
- The strategy is raising $ 500 million in stock sales to buy more Bitcoin.
- The company is trying to provide 5 million shares of 10% series A permanent struggle preferred stocks.
- Cryptoquant CEO predicted that the BTC BULL market was over, and Michael Saylor saw BTC as 440K by the end of the year.
Bitcoin Holdings, a bold movement to expand the strategy, and a bold movement to expand the strategy, the BUSINESS SOFTWARE Intelligence Company, previously known as MicroStrategy, has been submitted to the SEC and raised $ 500 million through stock offering.
New announcement of strategy
The company plans to issue 5 million shares of a 10% series A permanent struggle first at a price of $ 100 per share. This new capital is expected to be assigned for a general company’s purpose, including acquiring more Bitcoin.
In particular, this announcement follows the previous declaration of strategy to raise $ 20 billion by providing 8% Series A permanent strike preferred stock.
The aggressive Bitcoin accumulation strategy reflects the unwavering beliefs of the Phong Le-Leed Company for the long-term potential of BTC.
Latest BTC purchase
In recent purchases, the strategy is $ 82,981 per bitcoin, which has acquired 130 BTC for $ 13.7 million, and has recorded the smallest Bitcoin acquisition.
In addition, the company currently has 499,226 BTC and acquired an average of $ 66,360 per BTC.
Among these accumulation, the founder and former CEO, Michael Saylor, is optimistic at any time, and investors have asked to “enjoy Golden Bull Run”, predicting that Bitcoin will surge to $ 440,000 by the end of the year.
Prediction of encryption CEO
Contrary to Saylor’s beliefs, encryption CEO KI Young Ju suggests that Bitcoin’s Bull Ceremony is finished and predicts price behavior to 6-12 months.
According to Young Ju, on -chainmetric, including MVRV, SOP and NUPL, signals the bear market as fresh liquidity is dried and new whales resolve BTC at low prices.
The charts shared by Young Ju describe the 365 -day moving average inflection point, emphasizing the reversal of the trend ahead of the bear market.
He also pointed out that despite a significant amount of $ 1 billion, Bitcoin did not maintain an upward momentum. The inflow of ETF has also turned into negative voice for three consecutive weeks, adding weak feelings.
“Now it seems clear that we are entering the bear market,” he admitted to clarify that he still has his position without shortening the BTC.
FOMC decision
The FOMC meeting, which is coming on March 19, is widely known as a pivotal event in the financial market. Analysts suggest that policy shifts can greatly affect the trajectory of Bitcoin.
According to Polymarket, the probability of ending quantitative strengthening (QT) before May is 100%prior to May, reflecting big changes in market expectations.
Bitcoin can be resurrected when the Fed informs the pigeon position.
Bitcoin price analysis
Bitcoin was $ 81,499.71 in the prestime time, trading at 1.46%in the last 24 hours and 15.87%in the last 30 days.
The relative intensity index (RSI) is 40.85, indicating the slow propulsion of the digital currency. Bitcoin is also traded at $ 77,839.64 near the Lower Bollinger Band, and the top band is $ 92,148.40.
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disclaimer: Coin speakers are doing their best to provide a prejudice and transparent report. This article aims to provide accurate and timely information, but should not be considered financial or investment advice. Since market conditions can change rapidly, it is better to check the information and consult with experts before making a decision based on this content.
PARTH, a encryption journalist with more than five years of experience in the industry, has collected experience and expertise in space after surviving in Bear and Bull Markets for many years in cooperation with major media media in Crypto and Finance World. PARTH is also the author of four published books.
LinkedIn’s PARTH DUBEY