MicroStrategy buys the dip 📉; Thought Machine is a unicorn now 🦄; North African Super App? 🤔
Good Morning FinTech, 30 November
Good morning Everyone,
And happy Tuesday! I hope your Monday wasn’t that harsh… If you’re still struggling though, here’s a mix of 3 super interesting FinTech stories for today:
MicroStrategy buys the dip 📉
The disclosure 👉 Business intelligence software company and one of the most active Bitcoin proponents MicroStrategy said it bought 7,002 Bitcoins for about $414M in cash during its fiscal fourth quarter.
The company bought Bitcoins during the quarter for an average price of about $59,000, it said in a statement.
The latest crypto holder 👀 The largest cryptocurrency by market capitalization was trading around $57,326 on Monday.
MicroStrategy now holds 121,044 Bitcoins worth about $3.6 billion with an average purchase price of about $29,534 each. Not too bad, given today’s price…
This makes the company the largest Bitcoin holder of all publicly-traded firms.
