Tags : Purchase

Bitcoin

Jack Dorsey’s Square has ‘no plans’ to purchase more Bitcoin

Digital payments company Square, led by Twitter CEO Jack Dorsey, decided to hit the brakes—at least for the time being—on Bitcoin (BTC) purchases after losing $20 million on its previous crypto investments, the firm’s CFO Amrita Ahuja told Financial News yesterday. “We don’t have any plans at this point to make further [Bitcoin] purchases. There […]Read More

Bitcoin

MicroStrategy continues to bet on Bitcoin with new $15 million

There’s no let-up in MicroStrategy’s Bitcoin buying spree as CEO Michael Saylor announced yet another $15 million purchase today. Saylor tweeted that the firm had acquired an additional 253 BTC at an average purchase price of $59,339 per token. This takes MicroStrategy’s aggregate holdings to 91,579 Bitcoin, at the cost of $2.226 billion, with an […]Read More

Market

Moment of truth? Tesla purchase is the moment Bitcoin has

Even though Tesla has made its way into the crypto market recently, it generated an immense amount of publicity surrounding the announcement. On Feb. 8, the car manufacturer caught the crypto world off-guard by committing a cool $1.5 billion into Bitcoin (BTC), as well as announcing that the company will soon be looking to accept […]Read More

Bitcoin

Wall Street Journal commenters lambast $1.5 billion Bitcoin purchase by

Yesterday, Tesla shocked the crypto space when the firm was revealed to have purchased $1.5 billion—yes, billion—worth of Bitcoin. As reported by CryptoSlate previously, a filing  with the US Securities and Exchange Commission (SEC) said that the firm had purchased this Bitcoin to provide “more flexibility to further diversify and maximize returns on our cash […]Read More

Bitcoin

Bitcoin Chartists See Price Hitting $70,000 After Tesla Crypto Purchase

Calls for a $70,000 Bitcoin is picking momentum among technical market analysts as the cryptocurrency makes way into Tesla’s balance sheets. Cheds, an independent cryptocurrency analyst who enjoys a massive following on Twitter, saw the BTC/USD exchange rate rising by at least 70 percent in the coming sessions. “Just an observation,” he said while citing […]Read More