The crypto scene is still abuzz following the SEC decision on Bitcoin ETFs and the massive JUP airdrop by Jupiter Exchange on January 31st. With the wave tagged “Jupuary” by the community, MicroStrategy’s large Bitcoin (BTC) holding further ushered in a new wave of enthusiasm and optimism.
The firm’s total BTC holdings stand at 190,000 BTC after snapping up 850 more of the digital asset in January. At its current valuation, MicroStrategy’s Bitcoin holding is worth a staggering $8.1 billion.
At the same time, investors have been swarming the ongoing InQubeta (QUBE) presale. Hailed as the next big thing due to its narrative—a blend of AI and crypto—it is one of the altcoins to watch out for.
InQubeta (QUBE): A Blend of AI and Crypto
InQubeta (QUBE) has been at the heart of the current market buzz, stirring up excitement. Its ongoing presale is one of the most talked about, and its launch is one of the most anticipated. This explains the astounding $8.9 million raised in its early funding. Apparently, investors aren’t fading this altcoin play.
The presale is in stage 7, and a token is priced at just $0.0224 per token. According to experts’ forecasts, it is primed for explosive growth after its launch—a timely 65x rally. This positions it as the best new crypto to invest in and a bullish play.
Undoubtedly, its significant upside potential has swayed investors, but it will offer much more. As a utility-backed token—a blend of AI and crypto—it will play a critical role within both the crypto and AI landscapes. It aims to address key issues like fundraising and market accessibility, making it poised for massive adoption and growth.
It will build the first crypto-based crowdfunding platform for AI startups. This will allow them to source capital through the QUBE token. By minting investment opportunities as equity-based NFTs on the marketplace, funds can be raised. More importantly, the fractionalization of these unique NFTs will allow investors to own stakes in promising AI ventures. Remarkably, there will be no limits on investments.
MicroStrategy’s Bitcoin (BTC) Holdings Soar to 190,000 BTC
MicroStrategy is a software analytics company and a publicly traded intelligence company led by Michael Saylor, the CEO and co-founder. The firm once again made headlines with its substantial Bitcoin (BTC) purchase. If you were wondering who has been gobbling up BTC or pumping the market, look towards MicroStrategy.
Its latest purchase in January—850 BTC—pushed up its already staggering Bitcoin holdings to 190,000, valued at more than $8 billion. During its Q4 2023 February 6 earnings call, Andrew Kang, the chief financial officer, said the company acquired 56,650 BTC in 2023 at an average price of $33,580. At its current valuation, MicroStrategy’s portfolio is up and green.
According to Saylor, MicroStrategy’s 2023 performance could be attributed to investors recognizing the shift towards “digital transformation” of assets. He stated, “2024 is the year of the birth of Bitcoin as an institutional-grade asset class, in fact, it’s the first new asset class of the modern era.” He couldn’t be more bullish.
It is to be recalled that on January 10, the US SEC finally gave the green light for 11 spot Bitcoin ETFs. Saylor added by saying the arrival of spot BTC ETF is a significant stride, taking it from a mere medium of exchange to a store of value. “The next 15 years will be a regulated, institutional, high growth period for Bitcoin, very different from the last 15 years,” he added.
He closed out the earnings call by saying that MicroStrategy would continue to add to its Bitcoin holdings. With BTC primed to skyrocket as institutions are now investing in BTC ETFs, it is one of the best cryptos to buy now.
Conclusion
MicroStrategy continues to add to its Bitcoin holdings, which currently stand at 190,000 BTC. Meanwhile, InQubeta has been hailed as one of the best coins to invest in. With its launch nearing, you can become an early adopter through the link below.
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