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$Canaan Inc.(CAN)$ $3 Target Price of CAN share to reach by 2024 Year-End.

The article signalling the potential purchase of cutting-edge mining by leading bitcoin mining companies from top-notch mining hardware developer like Canaan Inc.

MicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase

MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.The ente

MicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase

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The article signalling the potential purchase of cutting-edge mining by leading bitcoin mining companies from top-notch mining hardware developer like Canaan Inc.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/372474039378144","repostId":1197936700,"repostType":4,"repost":{"id":"1197936700","pubTimestamp":1731942915,"share":"https://www.laohu8.com/m/news/1197936700?lang=&edition=full","pubTime":"2024-11-18 23:15","market":"us","language":"en","title":"MicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase","url":"https://stock-news.laohu8.com/highlight/detail?id=1197936700","media":"Bloomberg","summary":"MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.The ente","content":"<html><head></head><body><p style=\"text-align: start;\">MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.</p><p style=\"text-align: start;\">The enterprise software maker, whose corporate strategy includes buying the cryptocurrency, bought the tokens between Nov. 11 and Nov. 17, according to an US Securities and Exchange Commission filing on Monday. It now holds more than $29 billion in Bitcoin.</p><p style=\"text-align: start;\">MicroStrategy co-founder and Chairman Michael Saylor decided to invest in Bitcoin in 2020 as a hedge against inflation. The firm initially used cash to make the purchases, and has shifted to using the proceeds from the issuance and sale of stock, as well as convertible debt sales to leverage its buying power.</p><p>Saylor has doubled down on the strategy this year, saying the company aims to raise $42 billion over the next three years.</p><p>MicroStrategy bucked the trend to jump over 5% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d9879c9ded09a37c7b063df9e9899f3c\" tg-width=\"540\" tg-height=\"129\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-11-18/microstrategy-buys-4-6-billion-of-bitcoin-in-largest-purchase?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.The ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-18/microstrategy-buys-4-6-billion-of-bitcoin-in-largest-purchase?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-18/microstrategy-buys-4-6-billion-of-bitcoin-in-largest-purchase?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197936700","content_text":"MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.The enterprise software maker, whose corporate strategy includes buying the cryptocurrency, bought the tokens between Nov. 11 and Nov. 17, according to an US Securities and Exchange Commission filing on Monday. It now holds more than $29 billion in Bitcoin.MicroStrategy co-founder and Chairman Michael Saylor decided to invest in Bitcoin in 2020 as a hedge against inflation. The firm initially used cash to make the purchases, and has shifted to using the proceeds from the issuance and sale of stock, as well as convertible debt sales to leverage its buying power.Saylor has doubled down on the strategy this year, saying the company aims to raise $42 billion over the next three years.MicroStrategy bucked the trend to jump over 5% in morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CAN"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":203,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}