Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

MicroStrategy Plans $500M Bitcoin Acquisition Strategy

MicroStrategy's Bold Move: Another Bitcoin Buying Initiative In a landscape where digital currencies are reshaping the financial world, MicroStrategy has taken a decisive step to further solidify its position as a leader in Bitcoin investment. The company has announced a proposed private sale of $500 million in convertible senior notes, aimed at institutional buyers, to bolster its already substantial cryptocurrency holdings. This strategic maneuver not only underscores MicroStrategy's commitment to Bitcoin but also reflects the growing confidence in digital assets as a means of preserving wealth. Key Details of the Proposed Sale Amount : $500 million in convertible senior notes Target Buyers : Institutional investors Maturity : Due in 2031 Purpose : To acquire additional Bitcoin Just last week, MicroStrategy had revealed plans for a $600 million private sale for the same purpose, showcasing an aggressive approach to expanding its cryptocurrency portfolio. With thi...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Exploring the Artistic Brilliance: Bitcoin Ordinals Inscription Sale at Sotheby's

The recent sale of a Bitcoin Ordinals inscription from the Quantum Cat project at Sotheby's has garnered significant attention, with the winning bid reaching over $250,000. This particular piece, known as the "Genesis Cat" Ordinals inscription, created by digital artist FAR, received an impressive 50 bids, ultimately selling for 6.31 BTC, equivalent to approximately $254,000.

Key Points:

  • The Quantum Cats collection of Bitcoin Ordinals inscriptions was announced earlier this month by Taproot Wizards.
  • The collection, consisting of 3,333 images, cost over $66,000 to create on the Bitcoin blockchain.
  • The wider sale of the Quantum Cats collection is scheduled for January 29.
  • Udi Wertheimer, co-founder of Taproot Wizards, highlighted that the collection pays homage to an early code in the Bitcoin network called concatenate or OP CAT.
  • Sotheby's head of digital and contemporary art, Michael Bouhanna, congratulated the artists and collectors involved in the sale, giving a special mention to FAR for their assistance in curating and organizing the event.
  • The Natively Digital curated Ordinals sale generated over 26 BTC, valued at around $1,097,000, with 641 bids and all auction lots being sold.
  • Bouhanna noted that half of the sale exceeded their high estimates, indicating strong interest and demand in Bitcoin Ordinals.
  • While this marks the first Bitcoin Ordinals-centric sale at Sotheby's, the auction house has previously conducted numerous NFT sales on Ethereum, including notable auctions like the sale of an Art Blocks NFT named "The Goose" for $6.2 million last June.

This successful sale not only underlines the growing significance of digital art and NFTs in the art world but also showcases the increasing interest in blockchain-based artworks and collectibles among both artists and collectors.

Email Post

Comments

Post a Comment

Trending Stories