Great movements on BTC assets, i’m holding $T-Rex 2X Long MSTR Daily Target ETF(MSTU)$ , $MicroStrategy(MSTR)$ , $iShares Bitcoin Trust(IBIT)$ and $Hut 8 Mining Corp(HUT)$
Bakkt Skyrockets 160% on DJT Offer! Bitcoin Embrace More Rally?
@Meme_Tiger：Bitcoin rebounded to $91,000 on Tuesday, driving a recovery in cryptocurrency-related stocks. Yesterday was a significant day for crypto stocks, with notable developments. After two consecutive days of net outflows, the BTC spot ETF recorded net inflows yesterday. $MicroStrategy(MSTR)$ recently purchased a record-breaking $4.6 billion worth of Bitcoin. According to filings submitted to SEC on Monday, the company acquired approximately 51,780 Bitcoins between November 11 and November 17. This follows earlier purchases of over 27,000 Bitcoins from October 31 to November 10 and two significant acquisitions in September. The company now holds Bitcoin valued at approximately $30 billion. MicroStrategy is also raising additional funds to buy more Bitcoin. On Monday evening, the company announced plans to issue $1.75 billion in convertible senior notes, due in 2029, with a portion of the proceeds earmarked for further token acquisitions. $Coinbase Global, Inc.(COIN)$ CEO Brian Armstrong will meet Trump on Tuesday. Donald Trump is meeting Coinbase CEO Brian Armstrong today to discuss potential appointments for Trump's upcoming administration, signaling a growing focus on cryptocurrency regulation. Earlier this year, Trump proposed a Bitcoin and crypto advisory council to provide regulatory clarity. Armstrong has expressed support for SEC Commissioner Hester Peirce as a potential SEC Chair under Trump. Coinbase, led by Armstrong, played a significant role in the recent election, contributing over $100 million to political action committees, primarily to the crypto industry-backed PAC "Fairshake." Trump accelerates his crypto market expansion as $Trump Media & Technology(DJT)$ plans to acquire crypto exchange $Bakkt Holdings, Inc.(BKKT)$. Trump’s Media and Technology Group is set to fully acquire Bakkt, with Trump pledging to retain his 53% stake in the group. The valuation under discussion remains unclear, but Bakkt’s market capitalization was just above $150 million on Monday. Following the news, both companies’ stock prices surged. Bakkt’s share price skyrocketed 162% on Monday, with an additional 15% gain in after-hours trading. DJT’s stock price rose approximately 16.7%.
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