Microstrategy

POKKET: Crypto Market Update (Sep 14)

POKKET: Crypto Market Update (Sep 14)

Bitcoin is softer -1.7% to $45.3k, ETH is -2.1% to $3320. Movers are POLY +19%, SNX +13%, LIT +12%, POND -15%, CELR -13%, INJ -12%, OCEAN LINA -10%, GRT -9%. Coinbase is going to sell $1.5B of 7yr and 10yr debt in a private offering, with rates and covenants yet to be determined. The legal advisor to President Nayib Bukele of El Salvador has said the country will exempt foreign investors from tax on profits on Bitcoin investments. MicroStrategy has acquired an additional 5,050 BTC, about $250M, …
POKKET: Crypto Market Update (July 30)

POKKET: Crypto Market Update (July 30)

Bitcoin s flat at $40k and ETH is +3% to $2350. Movers are POWR +61%, POLY +25%, BZRX +18%, FET +16% with nothing on the downside standing out. Rep. Ted Budd, a member of the Congressional Blockchain Caucus, was a speaker at the 'Maker Speaker Series' sponsored by MakerDAO, and said Washington is scared of crypto and DeFi with some calling it "basically a financial 9/11". $1.5B in options expires today on Deribit, with the 'max pain price' at $35k and Put/Call ratio at 0.86, with bulls looking t…
POKKET: Crypto Market Update (June 23)

POKKET: Crypto Market Update (June 23)

Lots of emotions flaring as Bitcoin price broke $30k overnight but has rebounded back to $33800, +3% in 24hrs. ETH looks flat at $1950 despite going through the same rollercoaster, though there was a large bid in the late-afternoon. Movers are ADX -21%, ALPHA POLY -18%, BZRX -17%, INJ -16%, STMX TRU FIS -15% with the rest following mostly lower. Best performer on the day is MKR, +7%. DOGE looks flat at 18 pennies. MicroStrategy's most recent bond issue (due 2028) drops 2pts below par, while…
POKKET: Crypto Market Update (June 22)

POKKET: Crypto Market Update (June 22)

Bitcoin is holding up, relatively speaking, as the crypto takes a dump - trading $31750, -11%. ETH broke $2k level and is at $1875, -16%. Movers are DOCK -30%, STMX IOST -25%, POND FIS DODO PUNDIX -24%, and the rest follow with no one token up in the Pokket universe. The FUD seems to have come from China, as the PBOC says institutions must not provide trading, clearing and settlement for crypto transactions. Another catalyst for the selloff is blamed on Michael┬áSaylor's tweet yesterday on comple…
POKKET: Crypto Market Update (June 15)

POKKET: Crypto Market Update (June 15)

Bitcoin is just above $40k now, +3% and ETH is just at $2600, +4%. Movers are 1INCH +24%, OGN +19%, rest are within +/-10% range as vols on alts subside. MicroStrategy is exploring the possibility of selling $1B of stock to buy more Bitcoin, after having locked in ~$0.5B from the recent straight bond issuance. Every finance boomer's favorite trader, Paul Tudor Jones, went on TV yesterday saying he is geared up for 'crazy' inflation driven by the Fed, and adds "The only thing I know for certain, …
POKKET: Crypto Market Update (June 9)

POKKET: Crypto Market Update (June 9)

Bitcoin price is -2.5% to $33000 after recovering from a 10% drop yesterday, while ETH is -5.4% to $2465. Movers are GTO +40%, OST +15%, CRV +10%, and rest are mixed between +/-7%. More Latin American countries are joining the movement created by El Salvador in embracing Bitcoin, with many politicians and influencers from the region changing profiles to laser eyes. Paris Hilton joins an Ethereum NFT project, Origin, as their advisor. Data from Chainalysis shows investors from the US made $4B in …