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Today In Crypto: MicroStrategy to Buy ~$635 M Worth of Bitcoin | $200 M Tether [USDT] Minted | SBI Acquires Crypto Exchange B2C2

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Its never a boring day in cryptocurrency world and the day was filled with bullish news from all across globe. Here is a round up of today’s major cryptocurrency news and headlines which you should not miss. The major headlines are:

  • As planned MicroStrategy today purchased Bitcoin from the proceedings of its $650 Million senior convertible notes.
  • Around $200 Million worth of Tether [USDT] were minted today at Tether Treasury.
  • SBI financial group today acquired cryptocurrency trading exchange B2C2

MicroStrategy total Bitcoin [BTC] Investment Reaches $1 Billion

MicroStrategy CEO announced that company will use the proceedings nearing $635 Million from recent senior convertible note sale to purchase Bitcoin. This takes the overall bitcoin investment figure to $1 billion. Currently company owns 40, 824 Bitcoin valued around $790 Million at the time of reporting.

In a recent tweet MicroStrategy CEO slashed the accusations of MicroStrategy dealing in securities and said that SEC has not called BTC a security and hence, we are not buying securities.

 

$200 Million Tether [USDT] Minted

In an interesting event today, large amount of Tether ~$200 Million were minted at Tether treasury and was followed by bullish signals in Bitcoin community. Generally, minting of new Tether Coins is considered bullish as it is followed by rapid buying. The crypto community is taking this is a bullish signal along with ongoing buying spree with large multinational companies like MicroStrategy and Grayscale.

SBI Financial Group Acquires Cryptocurrency Trading Exchange B2C2

In a positive crypto news today, SBI financial group a subsidiary of Japanese Group SBI holdings Inc. acquired UK based cryptocurrency trading exchange B2C2. The current CEO and president of SBI holdings Yoshitaka Kitao said,

Their (B2C2’s) vision, expertise and offering complement SBI’s, and we look forward to working in partnership as we expand our footprint across the global markets.

This acquisition makes SBI financial group the first major financial group to run a digital asset dealing desk and signals a FOMO among major financial across globe to enter cryptocurrency market.

 

The post Today In Crypto: MicroStrategy to Buy ~$635 M Worth of Bitcoin | $200 M Tether [USDT] Minted | SBI Acquires Crypto Exchange B2C2 appeared first on Coingape.



Source: Today In Crypto: MicroStrategy to Buy ~5 M Worth of Bitcoin | 0 M Tether [USDT] Minted | SBI Acquires Crypto Exchange B2C2

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