Intesa Sanpaolo, Italy’s largest banking group, has made headlines by purchasing 11 Bitcoins for approximately $1 million, marking it as the first Italian bank to invest directly in cryptocurrency. This move follows a leaked internal email and comes amid a significant increase in Italy’s capital gains tax on Bitcoin, rising from 26% to 42%. The bank’s motivations remain unclear, but it signals a growing interest in digital assets within Italy’s traditional financial landscape.
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January 14, 2025 | 04:25Michael Saylor
17 posts last weekMichael Saylor is an American entrepreneur and the CEO of MicroStrategy, a publicly traded business intelligence and software company.
MicroStrategy Acquires 2530 Bitcoin Increasing Total Holdings to 450000 BTC
MicroStrategy has acquired an additional 2,530 Bitcoin, bringing its total holdings to 450,000 BTC valued at approximately $28.2 billion. The recent purchase cost around $243 million, with Bitcoin currently priced at $91,808, reflecting a 10% decline over the past week. The firm is also considering a $2 billion fundraising plan to further bolster its Bitcoin acquisitions, contingent on market conditions.
read moreSemler Scientific Expands Bitcoin Holdings to 2321 BTC Worth Nearly 192 Million
Semler Scientific has purchased an additional 237 Bitcoin for approximately $23 million, raising its total holdings to 2,321 BTC valued at nearly $192 million. The company, which has issued over $120 million in stock to finance its Bitcoin strategy, reported a significant increase in its “Bitcoin yield” from 72.6% to 99.3%. This move is part of Semler’s efforts to emerge from “zombie” status, with executives emphasizing a continued focus on acquiring and holding Bitcoin.
read moreDogecoin Founder Comments on Bitcoin Price Plunge Sparking Community Discussion
Billy Markus, co-founder of Dogecoin, humorously commented on Bitcoin’s recent plunge, which saw its price drop over $4,000 in less than a day, stating, “Happy Monday.” This sparked discussions among users on social media about the cryptocurrency’s volatility.In the meantime, MicroStrategy, led by Michael Saylor, capitalized on the dip by purchasing $243 million worth of Bitcoin, bringing its total holdings to over 450,000 BTC, equivalent to approximately $40.6 billion. Saylor has previously expressed a long-term commitment to holding Bitcoin, predicting its value could reach $13 million in a decade.
read moreMicroStrategy Increases Bitcoin Holdings to Over 450000 Amid Market Correction
MicroStrategy’s Bitcoin holdings have surpassed 450,000 BTC after a $243 million investment during a market dip, totaling $28.2 billion at an average price of $62,691. This purchase coincided with a significant drop in Bitcoin exchange reserves, potentially signaling a price rally due to diminishing supply. However, Bitcoin remains vulnerable to macroeconomic factors, particularly concerns over the US Federal Reserve’s tightening monetary policy, which has led to a decline in its price.
read moreMicroStrategy Expands Bitcoin Holdings Amid Market Pressures and Bullish Outlook
MicroStrategy continues to bolster its Bitcoin holdings, with recent purchases totaling over $101M, bringing its total to $42.24B. Despite a bullish outlook from CEO Michael Saylor, Bitcoin faces pressure from a stronger dollar and economic uncertainties, leading to a dip in value. Saylor’s advocacy for Bitcoin investment extends to Microsoft, suggesting a potential $100B annual investment could significantly boost its market cap.
read moreDogecoin Price Surge Potential Linked to Bitcoin’s Ambitious Growth Prediction
Dogecoin could potentially reach $45.86 if Bitcoin achieves a target of $13 million by 2045, reflecting a 13,693% increase from its current price of $0.3325. This projection is based on the close correlation between Bitcoin and altcoins, with Dogecoin historically experiencing greater volatility. Despite potential setbacks during bear markets, the overall growth trend remains optimistic, supported by Bitcoin’s past performance.
read moreMichael Saylor Continues Bitcoin Strategy Amid Concerns Over Market Volatility
Michael Saylor, co-founder of MicroStrategy, has posted a Bitcoin tracker for the 10th consecutive week, indicating a potential purchase as the company holds 447,470 BTC valued at approximately $42.4 billion. Despite a 40% drop in MSTR shares from their all-time high, Saylor remains committed to his Bitcoin treasury strategy, proposing a $21 billion equity and fixed-income securities plan to acquire more Bitcoin. Critics warn that a significant drop in Bitcoin’s price could jeopardize MicroStrategy’s financial stability, potentially leading to bankruptcy.
read morePublic Companies Embrace Bitcoin as Treasury Reserve Asset Strategy
MicroStrategy’s successful Bitcoin acquisition strategy has inspired over 70 publicly traded companies to adopt similar treasury reserve plans. Notable firms like Tesla, Block, Rumble, LEEF Brands, Semler Scientific, and Banzai are now stockpiling Bitcoin, reflecting a growing trend in corporate investment in the cryptocurrency. As Bitcoin’s value remains high, these companies are positioning themselves to benefit from its long-term growth potential.
read moreMeta Faces Bitcoin Treasury Proposal Amid Corporate Crypto Interest
The National Center for Public Policy Research (NCPPR) is pushing Meta Platforms Inc. to adopt a Bitcoin Treasury strategy, following similar proposals made to Microsoft and Amazon. While Microsoft rejected the idea, Amazon is set to consider it in April. This initiative reflects a growing trend among corporations to view Bitcoin as a hedge against inflation, despite Meta’s previous struggles with its digital currency project, Libra, which faced regulatory challenges and was ultimately sold.
read moreSol Strategies Emerges as Key Player in Solana Investment Landscape
Sol Strategies, formerly Cypherpunk Holdings, has rapidly positioned itself as a major player in the Solana ecosystem, acquiring over 142,000 SOL and two validator operations. Under CEO Leah Wald, the company has seen its stock surge over 1,700% since rebranding, while it prepares for a Nasdaq listing. However, the potential approval of Solana ETFs could introduce competition, challenging Sol Strategies’ unique market position as one of the few publicly-traded firms offering regulated exposure to Solana.
read moreHeritage Distilling to Accept Bitcoin and Hold as Strategic Asset
Heritage Distilling, a publicly traded spirits company on Nasdaq under the ticker CASK, plans to adopt Bitcoin as a strategic asset and accept it for online payments, pending board approval. CEO Justin Stiefel emphasized the company’s innovative approach in the craft spirits sector, recognizing the growing consumer base using Bitcoin. The stock recently fell 2.5% to $1.55, reflecting a 47% decline over the past month.
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