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BlockFi invests $328 million in Bitcoin fund

The current price for one Bitcoin (BTC) is currently $13,204.10. That’s -2.97% more than 24 hours ago. If you now want to buy bitcoin for $100 you will get about 0.0076 BTC for this.

The total market cap is $244,659,178,227.10 with a circulation of 18,529,031 BTC.

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This U.S. tech entrepreneur has $235 million in Bitcoin (BTC)

Michael Saylor has 17,732 bitcoin. The founder and CEO of the U.S. company MicroStrategy is fully committed to BTC. He is convinced that bitcoin plays and will play an important role in the world.

It is not for nothing that Sayloor has purchased bitcoin with MicroStrategy for a large amount of money: MicroStrategy’s share price rises after buying $425 million worth of Bitcoin.

His company bought their BTC for an average of $11,111, while Saylor himself paid $9,882 each.
MicroStrategy wants to further expand its $521 million Bitcoin savings pool.

MicroStrategy wants to buy more bitcoin. Earlier this year, the U.S. company bought in two parts for hundreds of millions of BTC for an average price of $11,111. At the time of writing, the price of BTC is well above $13,600.

MicroStrategy purchased bitcoin for $425 million. Those over 38,000 bitcoin are now worth $521 million. Quite a profit in a short time. So the move towards bitcoin (for the time being?) works out well.

And that tastes like more. In a conference call, President & CFO Phong Li puts a new plan on the table.
Still no clarity about the 200,000 Bitcoin (BTC) on OKEx.

It has been 12 days since the Bitcoin exhibition OKEx had to stop processing recordings. On the morning of October 16, the exchange suddenly froze (out of force majeure) the withdrawals from the platform. Actually, nothing has changed since then.

At that time, the exchange announced that one of the owners of the essential private key is currently “working with the police” due to ongoing investigations. It would be a personal matter. But because of this, this person’s private key cannot be used to sign withdrawals of Bitcoin and other crypto currencies.

BlockFi invests $328 million in Grayscale’s Bitcoin fund

BlockFi has purchased an interest in the Bitcoin Trust of Grayscale (GBTC). This can be concluded from an application submitted to the US regulator, the Securities and Exchange Commission (SEC).

BlockFi is a lender. Clients deposit their Bitcoin with this third party and offer interest in return. The interest rate can be as high as 8.6% per year. A bit like a bank, but you don’t know what happens to your bitcoin.