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Bitcoin

Musk Shares “69-420” Meme for Bitcoin Price as Tesla BTC profits cross $1 billion

by Miki 10/21/2021
by Miki 10/21/2021 0 comment

Tesla CEO, Elon Musk has tweeted about Bitcoin after a long haul. He has used the popular “69-420” meme to define Bitcoin’s exceptional performance in the ongoing bull run. Furthermore, since the reveal at the B-Word conference about Tesla holding a considerable amount of Bitcoin, this bull run has brought Tesla’s BTC holdings back in the news as the company’s Bitcoin profits exceeded $1 billion.

pic.twitter.com/pCO0wNNZtz

— Elon Musk (@elonmusk) October 21, 2021

MicroStrategy BTC Profits Cross $3 billion

Along with Tesla, an Enterprise software company, and Bitcoin’s largest holder, MicroStrategy’s BTC profits also rallied with the Coin’s price surge. MicroStrategy’s crypto portfolio stands strong with over 114,000 Bitcoins, and CEO Michael Saylor has no plans to liquidate anytime soon. The company’s stocks trembled on this Tuesday, i.e., when the ProShares Bitcoin futures ETF started trading, however, the company rose and corrected overnight.

According to the FX Empire report, MicroStrategy shares hiked 4.2% yesterday, to $758. Furthermore, 2021 overall has been a profitable year for the company, with its stocks approximately doubling and spiking over 300% as compared to last year, which also resonates with the Bitcoin price surge of over 400%.

BTC
Image Source: FX Empire

“MicroStrategy $MSTR reported a combined $3.5 billion in revenue between 2014 and 2020. But Michael Saylor has turned a $3.16 billion bet on Bitcoin into $6.7 billion in just over a year. This is one of the greatest trades by a CEO of a publicly-traded company in history.”, Joe Pompliano tweeted this Tuesday.

First-ever BTC ETF accumulates $1 billion in Assets on Day 2

With the implementation of the first-ever Bitcoin ETF, the crypto has shot through the roof in the past week. CoinGape’s exclusive coverage revealed that ProShares’ BTC ETF has accumulated $1 billion in assets within two days since its registration. The first-ever Bitcoin ETF started with $20 million in assets and crossed $500 million on day one, and now it has shown extraordinary results on day two with $1 billion.

RECORD BREAKER: $BITO assets up to $1.1b after today, making it the fastest ETF to get to $1b (2 days) breaking $GLD’s 18yr old record (3 days), which is poetically apropos. https://t.co/yGXyfwaogD

— Eric Balchunas (@EricBalchunas) October 20, 2021

Yesterday, October 20 saw Bitcoin’s (BTC) price shoot past $67,000 hitting a new all-time high and further entering the price discovery zone. It has seen a minor correction and was trading at $66,302 with a market cap of $1.24 trillion, at the time of reporting.



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The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

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      Binance Trading Platform Licenses in Bahrain, Canada

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