Hello!
Today I was in the twitter feed and suddenly I read the news that Rumble is going to adopt Bitcoin as a reserve asset in their balance sheet.
I also read that Mara, the Bitcoin mining company has issued a 1 billion convertible note offering, they bought bitcoin and added it to the balance sheet. As of today this are the metrics you can read from their main twitter account:
- Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average price of $95,395 per BTC
- YTD BTC Yield Per Share 36.7%
- Total owned BTC: ~34,794 BTC, currently valued at $3.3B based on a spot BTC price of $95k
- Bought back a portion of 2026 notes for $200 million
- ~$160M in remaining proceeds available net of transaction costs for future BTC dip purchases
Michael Saylor has set a precedent, other are following and many more will come. Slowly all the pieces of the puzzle are falling in the same direction. Bitcoin is here to stay and we will witness a break from the $100,000 psychological level soon. The next months will be wild, everything will accelerate to new highs. Only very few cryptocurrencies will fall behind.
I hope you had a great day!
It's happening, opportunities everywhere, just a little bit more...
Have fun!
Posted Using InLeo Alpha