There was an important turning point in the crypto money markets. Bitcoin $110,781.07Bitcoin Pizza Day, the highest level of all time, reached the US Dollar 111,970 and broke a record. This development coincided with the 15th anniversary of Laszlo Hanyecz’s purchasing 10,000 Bitcoin and two pizza in 2010. When calculated at today’s value, those two pizza are equivalent to US dollars of approximately $ 1.1 billion.
Corporate Investments and Microstrategy’s strategies
With Bitcoin’s historical summit, BTC purchases of corporate investors continued unabated. Microstrategy added 7,390 Bitcoin to its portfolio despite the high prices in the markets. For this transaction, the company paid approximately $ 765 million. Microstrategy currently has 576,230 Bitcoins in hand and stands out as the largest corporate investor in this field.
In addition, Microstrategy announced that it launched a stock sales program of US $ 2.1 billion. In a statement made by the company, income will be used for corporate purposes and especially Bitcoin purchases. It was recorded that stock sales can be made with block transactions and contracted sales over time depending on the market conditions.
Michael Saylor: “If you do not take Bitcoin at the highest level of all time, you leave money on the table.”
Metaplanet, which corresponds to US -based Microstrategy from Asia, spent the week with remarkable market movements. Metaplanet’s shares rose by 100 percent in one day. However, there was some loss of value. When the weekly graphics were examined, it was stated that the company shares rose 26 percent compared to the week’s week and reached 835 Japanese new levels.
Behind this sudden rise, Metaplanet is the most released share in Japan stock exchanges and the hardening of price fluctuations with the low trading volume. Experts call it a “Short Squeeze”.
Simon Gerovich: “Apparently Metaplanet, the most revealed share in Japan. Do they really think that investing against Bitcoin is a strategy that will gain?”
Bitcoin Pizza Day and BTC’s journey
The 15th anniversary of Bitcoin Pizza Day has a symbolic meaning for the crypto currency world. This famous process, which took place on May 22, 2010, is now seen as one of the turning points of Bitcoin’s economic history. After 10,000 Bitcoin spent two pizza, a significant increase in the price of BTC was observed during the last time.
Compared to the current value of Bitcoin, the transactions of early Bitcoin users were remarkably valued. In the light of these developments, “Bitcoin Pizza Day” is important in terms of both a celebration of the past journey and the place of digital assets.
Bitcoin’s current price levels and the aggressive attitude of large companies in BTC purchases are an important indicator for the institutional adaptation of the crypto currency market. The interest of companies such as Microstrategy and Metaplanet to Bitcoin both shapes investor behaviors and increases the volatility in the market. Especially price fluctuations in a short time reveal the impact of corporate investments in markets. Today’s developments indicate that Bitcoin’s place in the financial world is getting stronger.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
