GM Explorer,

MicroStrategy’s Bitcoin acquisition hits new heights! With a $2.03 billion purchase, they solidify their status as the largest corporate Bitcoin holder.

Here’s what we got for you today:

• 🤑 MicroStrategy's Bitcoin Buying Spree!

•  🔎 Market Insight

• 🧱 Around The Block: Crypto market cap hits $3.1T high, could soon surpass France’s GDP.

🤑 MicroStrategy's Bitcoin Buying Spree!

MicroStrategy, the largest corporate holder of Bitcoin, has acquired even more!

Between October 31 and November 10, the company snapped up 27,200 bitcoins for roughly $2.03 billion in cash.

This latest buy comes at an average price of around $74,463 per Bitcoin, including fees and expenses.

And get this:

It was funded by proceeds from the company’s issuance and sale of shares under its Sales Agreements.

With this massive purchase, MicroStrategy continues to cement its status as a powerhouse in the Bitcoin market.

As of November 10, 2024, the company’s total Bitcoin holdings are approximately 279,420 BTC.

That’s not just impressive—it's monumental! 🤑

The assets were acquired at a total cost of around $11.9 billion, with an average price of about $42,692 per Bitcoin.

And as of the time of this writing, Bitcoin is trading at around $88,362.30.

You can get more details from MicroStrategy’s press release here – plenty more juicy information to uncover!

🔎 Market Insight

Compare these two charts:

Do you notice anything? They look almost identical, right?

The first chart is SUI, while the second one is SEI.

SEI seems to be following a similar pattern to SUI, and it's only a matter of time before SEI catches up and realizes the impressive gains that SUI has already achieved.

If the charts continue to align, SEI could grow by 220%.

However, you need to be cautious. Before buying (if you intend to), wait for SEI to break and close the weekly candle above $0.499.

That'll be the confirmation you need to jump in.

If it gets rejected (which it could), you could dollar-cost average (DCA) into the lows. (the potential bottom would be around $0.379).

🧱 Around The Block

• Bitcoin is nearing $90K as frenzied buying pushes the market to new heights.

• Apple CEO Tim Cook reveals three-year crypto holdings.

• Trump’s crypto support may see China restore digital-asset market, HashKey head says.

• Cardano surges 86% in 7 days as retail FOMO returns — $3 ADA all-time high coming?

• Ethereum weekly volume hits $60 billion as ETH aims for yearly highs.

• Sam Trabucco cuts a deal with FTX debtors, giving up apartments and a yacht.

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.