Cryptocurrencies 22,604
Market Cap $2.48T
BTC Dominance 59.77 %

Cryptocurrencies : 22,604

Total Market Cap : $2.48T

BTC Dominance : 59.77 %

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Mkt Cap $2.48T BTC Dom 59.77 % BTC BTC $73,779.00 ▲ +0.01% ETH ETH $2,052.52 ▼ -0.30% USDT USDT $0.999238 ▲ +0.02% BNB BNB $681.16 ▼ -0.22% USDC USDC $0.999618 ▼ 0.00% XRP XRP $1.06 ▼ -0.60% SOL SOL $84.12 ▲ +0.23% TRX TRX $0.316883 ▼ -0.50% FIGR_HELOC FIGR_HELOC $1.04 ▼ -0.19% HYPE HYPE $72.75 ▼ -0.63% ZEC ZEC $984.19 ▼ -13.84% XMR XMR $581.06 ▲ +5.75% DOGE DOGE $0.068155 ▼ -0.89% USDS USDS $1.00 ▼ 0.00% LEO LEO $9.30 ▲ +0.16% WBT WBT $71.12 ▼ -0.19% LINK LINK $10.35 ▼ -0.45% ADA ADA $0.176665 ▲ +0.50% XLM XLM $0.148392 ▲ +2.72% USDE USDE $0.999369 ▲ +0.01% NEAR NEAR $3.75 ▲ +4.74% BCH BCH $229.51 ▼ -1.88% DAI DAI $0.999919 ▲ +0.01% LTC LTC $51.10 ▲ +0.65% UNI UNI $6.49 ▼ -6.03% Mkt Cap $2.48T BTC Dom 59.77 % BTC BTC $73,779.00 ▲ +0.01% ETH ETH $2,052.52 ▼ -0.30% USDT USDT $0.999238 ▲ +0.02% BNB BNB $681.16 ▼ -0.22% USDC USDC $0.999618 ▼ 0.00% XRP XRP $1.06 ▼ -0.60% SOL SOL $84.12 ▲ +0.23% TRX TRX $0.316883 ▼ -0.50% FIGR_HELOC FIGR_HELOC $1.04 ▼ -0.19% HYPE HYPE $72.75 ▼ -0.63% ZEC ZEC $984.19 ▼ -13.84% XMR XMR $581.06 ▲ +5.75% DOGE DOGE $0.068155 ▼ -0.89% USDS USDS $1.00 ▼ 0.00% LEO LEO $9.30 ▲ +0.16% WBT WBT $71.12 ▼ -0.19% LINK LINK $10.35 ▼ -0.45% ADA ADA $0.176665 ▲ +0.50% XLM XLM $0.148392 ▲ +2.72% USDE USDE $0.999369 ▲ +0.01% NEAR NEAR $3.75 ▲ +4.74% BCH BCH $229.51 ▼ -1.88% DAI DAI $0.999919 ▲ +0.01% LTC LTC $51.10 ▲ +0.65% UNI UNI $6.49 ▼ -6.03%
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Morgan Stanley Boosts 10 Percent Stake In Bitcoin Of MicroStrategy

The result of MicroStrategy’s purchase in Bitcoin is paying off as its shares have skyrocketed and also a big investment from Morgan Stanley. 

Securities and Exchange Commission released a filing on 8th January, that investment bank Morgan Stanley had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment shows a 10.9% stake in a firm that has made massive investments in Bitcoin over the past several months.

The purchase was made on 31st December. MicroStrategy saw a massive increase in shares from $289 on Dec. 8 to $545 as of Jan. 8.

Back in August, MicroStrategy had taken a huge step into crypto by making bitcoin its primary reserve asset. The CEO Michael Saylor said at that time, “This is not a speculation, nor a hedge. It is a deliberate corporate strategy to adopt the Bitcoin Standard.”

Recently, a few weeks before MicroStrategy announced a $400 million securities offering with the stated purpose of raising funds to buy more Bitcoin. On 21st December, the firm had stockpiled 70,470 Bitcoin.

Currently, MicroStrategy's bitcoin is worth over $2.8 billion.

Morgan Stanley, the Institutional investors have warmed up to crypto-assets considerably over the past year. Many believe that the bitcoin bull market is somewhat contributed by institutions.

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