MicroStrategy, a business intelligence company, has purchased 1,914 more Bitcoins (BTC/USD). The company’s CEO, Michael Saylor, announced the news today, noting that the company spent $94.20 million (£69.83 million) on December 29 to acquire these coins. According to reports, this purchase brings MicroStrategy’s total BTC holdings to 124,391 coins.
At the time of writing, BTC was at $47,512.32 (£35,222.07), having fallen 0.39% in the last 24 hours. At this price, MicroStrategy’s shares are worth about $5.90 billion (£4.37 billion). Having spent $3.75 billion (£2.78 billion) on the 124,341 BTC, the company has made more than $2.15 billion (£1.59 billion) in profits.
SkyBridge Capital has filed for a Bitcoin exchange-traded fund, or ETF, with the United States Securities and Exchange Commission (SEC).
SkyBridge Capital, a New York-based investment firm, filed for the right to launch a Bitcoin exchange-traded fund or ETF. The firm filed its application with the United States Securities and Exchange Commission (SEC) on March 19.
Skybridge Capital and its founder Anthony Scaramucci are very interested in Bitcoin, and the interest has increased even more after the successful launch of the Skybridge Capital Bitcoin Fund company. In late February, Scaramucci said that he expects a bitcoin price of 100K this year in an interview.
The documents say the First Trust SkyBridge Bitcoin ETF will seek to list its shares on the New York Stock Exchange Arca. A ticker symbol has not yet been announced for the fund.