#6 Crypto Crib Newsletter
Bitcoin touches $64k
Welcome once again fellow Cribbers, we bring you special highlights of the preceding week.
Most prominent of it all was bitcoin touching $64000 and that too, 2 months before halving. This is the first instance bitcoin came so close to breaking prev ATH before halving.
Microstrategy buys more Bitcoin; Saylor personal holdings up over $700mm
Microstrategy purchased another 3000 bitcoins between February 15 and 25, taking their total holdings to 193000 Bitcoins, acquired for the cost of $6.09B, at an avg price of $31544. They are currently in almost 100% unrealised profits at current prices. But that’s not it, Michael Saylor is also personally up about $700m on his $150mm++ purchase of bitcoins around the price of $9000.
Blackrock holds almost $10bn worth of Bitcoin; Coinbase app climbing App Store rankings rapidly
Investment giant Blackrock is reportedly holding almost $10bn worth of bitcoin. This comes within a month of Bitcoin ETF approval and is expected to grow steadily throughout the year, that may poise them to become one of the single largest holders of Bitcoin, second only to Satoshi who is expected to have at least 1 million bitcoins in different wallets, all dormant.
On the other hand, Coinbase app is climbing the popularity rankings on App Store recently, jumping 300 spots within 4 days. This is seen as a reliable indicator of retail participation and fomo by many in the industry.
Big OTC desks empty says Custodia Bank CEO Caitlin Long,
CEO and Founder of Custodia Bank recently stated that she went to New York and there was almost no BTC available for sale on big OTC desks indicating a huge supply shock amidst increasing demand.
Telegram to share 50% ad revenue with broadcasters and channel owners, to be paid in TON Telegram CEO recently said that they will start sharing 50% of ad revenue with channel owners and broadcasters in TON tokens giving much more utility to the native token of the popular private messaging app. This is a first among well-known companies and this only means Telegram will continue to be omega-bullish in crypto. This may pave a path forward for other players to follow suit in a bid to catch the insanely high number of eyes.
And with that we wrap up this week’s newsletter. Hopefully we have much more drama next week (as always), we will see you in a few days. Stay green, Stay Up.