- Michael Saylor announces MicroStrategy’s Bitcoin operations generated 3,177 BTC, equating to approximately $299 million.
- MicroStrategy increased its Bitcoin holdings by purchasing $561 million worth, total holdings now valued at $27.7 billion.
Michael Saylor announced on platform X that the company has generated substantial Bitcoin earnings, which he referred to as a “Bitcoin gift” for shareholders. In the past week, the company’s treasury operations yielded approximately 3,177 BTC, valued at around $299 million, given the current Bitcoin price of $94,000.
Last week, $MSTR treasury operations resulted in a BTC Yield of .72%, a net benefit of ~3,177 BTC. At $94K per BTC, that equates to a $299 million gift to our shareholders. pic.twitter.com/rWIzfd6XBv
— Michael Saylor⚡️ (@saylor) December 24, 2024
This reflects the company’s strategy to enhance shareholder returns by accumulating Bitcoin and engaging in activities that generate Bitcoin yields. Additionally, on Monday, December 23, MicroStrategy purchased $561 million worth of Bitcoin, bringing its total holdings to 444,262 BTC, bought at an average price of $62,257 per Bitcoin, now valued at roughly $27.7 billion.
Ripple USD (RLUSD) Stablecoin Listed on Major Exchange
The Ripple USD (RLUSD) stablecoin has been listed on Bullish, an institutional crypto exchange backed by investor Peter Thiel. This occurred on Tuesday, December 24, enabling Bullish users to engage in trades across seven different markets including pairs with USDC, BTC, XRP, ETH, USD, EUR, and SOL.
📣 We’re pleased to announce that @Ripple’s regulated stablecoin #RLUSD is now available on #Bullish.
Starting today, eligible regions can trade the following markets:
◾ $RLUSD/USDC
◾ $BTC/RLUSD
◾ $XRP/RLUSD
◾ $ETH/RLUSD
◾ $USD/RLUSD
◾ $EUR/RLUSD
◾ $SOL/RLUSD— Bullish (@Bullish) December 24, 2024
RLUSD was officially launched on December 17 after receiving approval from the New York State Department of Financial Services (NYDFS), and it has garnered significant attention quickly. Currently, the stablecoin’s market cap stands at $73.5 million, making it the 672nd largest cryptocurrency, according to ETHNews data.
Shibarium Celebrates Christmas with Transaction Milestone
On Christmas day, Shibarium, the layer-2 solution for Shiba Inu, reached a notable milestone by exceeding 700 million transactions. According to data from Shibariumscan, the total count of transactions is now 708,006,911, with an average of 4.74 million transactions per day across 2,027,311 wallet addresses.
Since its launch in August 2023, Shibarium has seen swift adoption and participation. The ecosystem has recently updated its user interface to improve its compatibility with well-known self-custody wallets such as Coinbase Wallet, Trust Wallet, and MetaMask, which should help increase its utility and reach.
[mcrypto id=”12321″]
The current price of Shiba Inu (SHIB) is $0.00002161 USD, with no significant change in the past hour. Over the last 24 hours, it has increased by 6.5%, and it has seen a rise of 9.9% over the past week. Its 24-hour trading volume is $502,294,939 USD, and its market capitalization stands at $12,754,037,975 USD.
