MicroStrategy buying $400 million more in Bitcoin, Coinbase acquires Kaiko

From Cointelegraph

November 15, 2024 4:30 PM:

MicroStrategy continues to double down on Bitcoin, announcing plans to purchase an additional $400 million in BTC. This move comes after the company already holds over 108,000 BTC in its reserves.

Coinbase has acquired data analytics platform Kaiko to enhance its institutional trading services. This acquisition will provide Coinbase with more tools to attract institutional investors to its platform.

MARA, a prominent Bitcoin mining company, reported a 91% increase in revenue for the third quarter of 2021. The company’s strong financial performance is attributed to the rising demand for Bitcoin and the favorable market conditions.

MoonPay, a cryptocurrency payment infrastructure provider, has launched a new fiat gateway to simplify the process of buying cryptocurrencies with fiat currencies. This new feature aims to make it easier for users to access the crypto market and purchase digital assets securely.

Read more at CoinTelegraph: Crypto Biz: MicroStrategy’s Bitcoin bet swells