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BlackRock And Bitwise Update Bitcoin ETF Applications: A Step Closer To SEC Approval?

Published by
Benzinga

The business intelligence company MicroStrategy Inc (NASDAQ:MSTR), is currently sitting on a profit of over $2 billion, thanks to its Bitcoin (CRYPTO: BTC) holdings. This profit surge comes amidst the apex cryptocurrency’s rally above $42,000. What Happened: MicroStrategy has been accumulating Bitcoin since August 2020, under the stewardship of then-CEO and now Executive Chairman Michael Saylor. As of November 30, MicroStrategy held a total of 174,530 Bitcoin, purchased for $5.28 billion at an average cost of $30,252 per Bitcoin. With Bitcoin hitting $42,000 earlier on Monday, the firm’s total…

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