U.Today – U.Today brings you the three most essential news stories from the last day.
Massive MicroStrategy Acquisition Announced by Michael Saylor: Details
Yesterday, June 20, Michael Saylor took to the X platform to announce the recent massive purchase of MicroStrategy. The company acquired 11,931 BTC worth $786 million, with an average price per coin of $65,883. The company currently holds a total of 226,331 BTC, making it the largest corporate holder of Bitcoin. The purchase was financed by the recent sale of MicroStrategy debt. Earlier, the company announced that it had completed an $800 million convertible bond offering. But the acquisition, despite its massive size, had little impact on the market because it was mostly priced in after MicroStrategy increased its receivables sales last week.
The team leader introduces an unexpected game to SHIB
In a recent post at According to Kusama, the completed game will be licensed exclusively to the decentralized Shiba Inu team for utilize on the Shibarium. Later, the mobile version can be improved by adding appropriate decentralized elements. The leader of the Shiba Inu breed hopes that the game will provide value to the ecosystem’s core tokens, namely SHIB, LEASH and BONE. Kusama also confirmed that revenue from in-app game purchases will provide an incentive to burn SHIB and LEASH.
ADA: Good sign for potential bulls, “rocket fuel” could be here: Report
A recent report from Santiment brought good news to the XRP and ADA communities. As stated by Santiment’s analytics team, these two popular altcoins are currently seeing powerful declines following recent price rebounds. This is actually a good sign for potential bulls, as shorting can act as “rocket fuel” for continued price increases. At press time, XRP and ADA are ranked seventh and tenth on CoinMarketCap’s top 10 cryptocurrencies, changing hands at $0.4838 and $0.3797, respectively, and have market capitalizations of $26,886,410,927 and $13,552,171,536.
