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Bitcoin whale MicroStrategy buys additional 271 BTC CEO Michael Saylor disclosed the $15 million BTC purchase on Thursday. 13488 Total views News
MicroStrategy, a Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor’s growing conviction in the digital asset.
The purchases were made through May 13 for an average price of $55,387, Saylor disclosed on Thursday. MicroStrategy now has 91,850 BTC on its books for an average purchase price of $24,403.
MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per #bitcoin. As of 5/13/2021, we #hodl ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. $MSTRhttps://t.co/EwZnRkAt6k Michael Saylor (@michael saylor) May 13, 2021
Fed s Bullard: U.S. on verge of moving from recovery to expansion Reuters 1 hr ago © Reuters/Edgar Su FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore
WASHINGTON (Reuters) - U.S. economic output will hit a new high by the end of June, a return to the pre-pandemic peak far ahead of the dire predictions of last year, St. Louis Federal Reserve president James Bullard said on Thursday.
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“The ‘keep households whole’ fiscal strategy has been successful well beyond initial hopes,” Bullard told the Greater Memphis Chamber, with national income as high as it ever was and.poised to grow at an above-trend rate.
Futures Point To Broadly Positive Open
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Asian shares finished mixed on Thursday, while European shares are trading lower.
Early cues from the U.S. Futures Index suggest that Wall Street might open broadly positive.
Trading on Thursday might be impacted by reaction to the latest economic data, including reports on weekly jobless claims and producer price inflation.
As of 7.30 am ET, the Dow futures were sliding 92.00 points, the S&P 500 futures were adding 1.50 points and the Nasdaq 100 futures were gaining 67.25 points.
The U.S. major averages ended Wednesday just off their lows of the session. The Dow tumbled 681.50 points or 2 percent to 33,587.66, the Nasdaq plummeted 357.75 points or 2.7 percent to 13,031.68 and the S&P 500 plunged 89.06 points or 2.1 percent to 4,063.04.
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