MicroStrategy’s Bitcoin stake has soared to $13.6 billion, securing 1% of the total Bitcoin (BTC) supply. Despite this milestone, the company reported a $53.1 million revenue decline due to a $191.6 million digital asset impairment charge. Meanwhile, Milei Moneda ($MEDA) is a new meme coin blending humor, politics, and blockchain technology.
Let’s discuss more about what’s happening around the crypto world!
Economize Like Milei: Invest in $MEDA!
MicroStrategy’s Bitcoin Stake Surges, Stock Reaction Analyzed
MicroStrategy’s total bitcoin allocation has skyrocketed to $13.6 billion. In Q1 of 2024, the company acquired 214,400 BTC, which is equivalent to 1% of the entire available bitcoin supply. Nevertheless, the company still registered a $53.1 million total revenue decrease, which was caused by a $191.6 million digital asset impairment charge.
Canaccord has lowered MicroStrategy’s stock price target to $1,590 from $1,810, with a buy rating remaining in place. Moreover, the stocks dropped 2.5% in after-hours trading. Currently, the stock price is $1,261. Analysts link this change to Bitcoin’s appreciation and the new “fair value” estimate of the software business.
It is also important to note that MicroStrategy’s premium to its BTC holdings is considerable, but a possible reduction is listed as a risk. The firm’s Bitcoin holdings are considered a scarce asset for the equity investors who serve them with digital assets.
Also, Bitcoin’s positive sentiment, which is further bolstered by the recent U.S. Bitcoin spot ETFs approvals and adoption trends, is noteworthy. Based on these factors, analysts expect BTC to reach $72,423 by June, making it a good crypto to buy.
Milei Moneda: Best Cryptocurrency Choice for Investors
Milei Moneda comes out on top in the crypto world with a project that is both exceptional and entertaining, mixing humor, politics, and blockchain technology. The project is inspired by the persona of Javier Milei, known as one of the most memeable presidents all around the world, and offers to the crypto world “Mileinomics“.
As a deflationary token with the coolest NFTs and governance structures, $MEDA provides an opportunity with sole ownership in the crypto market. The Milei Moneda community, with a 500,000,000 tokens supply cap on the Ethereum chain, represents the public demanding economic reform and financial independence and stands for people’s interests.
In addition, Milei Moneda’s social media platform presence is quite profound on Twitter, Reddit, and Discord, a testament to its growing and thriving community.
$MEDA is currently in its public presale at a DeFi coin price of $0.0125 in Stage 2. As it anticipates its launch on Uniswap on May 21, 2024, at an altcoin price of $0.020, $MEDA is poised to become one of the best altcoins in 2024. Therefore, new investors can join the presale now to receive a 60% profit upon $MEDA’s Uniswap launch!
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