Hello Humble Bitcoiners!
Sit down and get ready for your daily dose of Bitcoin signal! |
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| Today's Rundown: Corporate Stacking: MicroStrategy bought 660 more bitcoin. Solo Miners: Another block found by solo miners. But how? ESG-Friendly: People criticizing bitcoin on the basis of ESG concerns have it backwards. |
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MicroStrategy Kicks Off 2022 With $25M Bitcoin Buy
By Namcios MicroStrategy, the software intelligence company that since 2020 has been accumulating bitcoin after its CEO Michael Saylor realized the digital currency's store of value proposition, isn't stopping this year. The company added 660 bitcoin to its holdings for an approximate value of $25 million in cash at an average price of ~$37,865 per bitcoin. MicroStrategy now "HODLs" ~125,051 bitcoins valued at ~$3.78 billion, acquired at an average price of ~30,200 per bitcoin.
Although it is not an unexpected event, considering they have been purchasing and holding the asset for over a year now, it does comes at an important time. Investors and the bitcoin community had been wary of whether MicroStrategy would continue with its macro trade, or would ultimately be pressured into selling some of their bitcoin holdings as the asset's price continues to be volatile. In addition, the SEC had just rejected the company's bitcoin accounting methods, causing the stock's price to plunge even further.
It seems the commitment is strong, their financials are solid and they are not selling. |
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How Are Such Small Miners Solving Bitcoin Blocks?
By Namcios Last month, in a span of two weeks, 3 small solo bitcoin miners were able to find valid block hashes and earn the reward of 6.25 BTC each and all for themselves — an event extremely rare and unlikely, but not impossible. Contrary to what most people believe, the hash rate capacity of a miner does not determine if it's capable of finding valid blocks. Having more hashrate than others increases your odds, but does not guarantee anything.
Similar to participating in the lottery, someone could buy 99% of the tickets and win nothing, or buy a single ticket and win it all. For those 3 solo miners, something similar happened and luck was in their favor, allowing them to win the bitcoin mining lotto with much lower odds than big mining firms or pools. The article explains the scenario a bit deeper and includes information about the software and services they were using. |
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1. The story of the first fraternity to adopt bitcoin and a call for others to follow in their footsteps.
2. Jack Dorsey & Michael Saylor discussed how the open and transparent Bitcoin network could be leveraged to help people and businesses worldwide.
3. NYDIG's Bitcoin Savings Plan, the product caters to employers seeking to attract the best talent by offering payments in bitcoin.
4. Bitcoin is an alternative to the physical hand of Keynesian economics.
5. A home bitcoin miner shares details on how he earns bitcoin while heating his home with a DIY ASIC setup.
6. Bitcoin Magazine on Twitter Spaces discussing whether we are currently experiencing a bitcoin super cycle. |
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Bitcoin Is The Most ESG-Friendly Investment In My Clients’ Portfolios
By Andy Edstrom ESG stands for environmental, social and corporate governance and it’s a criteria some investors consider to make sure they place their money where their values are. Bitcoin, being the newest asset class in existence, is frequently questioned in regards to the its ESG qualities. However, if we analyze it, it's easy to conclude that Bitcoin is one of the best ESG-friendly investments there is: Environmental: Bitcoin incentivizes the search for cheaper and renewable energy as it will directly be reflected in mining profitability. Additionally, Bitcoin aims to replace the market for gold, and if it succeeds, the world will be far better off, environmentally. Social: Bitcoin fixes inflation, which causes never ending wealth gap growth, leading to inequality and discrimination — many of the most important social problems we face today. Governance: Bitcoin knows no gender, race, age, wealth and is apolitical. The monetary policy is 100% transparent and algorithmic. Literally anyone can use the network without censorship. |
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| | | Discussing Bitcoin with Alex McShane, Bitcoiner Q and Mark Goodwin |
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In this episode of Bitcoin Magazine LIVE host Alex McShane is joined by Bitcoiner Q and Mark Goodwin. They break down MicroStrategy's Bitcoin for Corporations event, in which Michael Saylor, Lyn Alden, and Jack Dorsey speak among many other prominent Bitcoiners. This episode also includes an episode of FedWatch and The Break Up.
Don't forget to LIKE & SUBSCRIBE |
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By Greg Foss
In times of volatility, many of us may get carried away by emotions and come to think that we can beat the market by trading instead of HODLing.
As we might have heard in investing talks:
"Is not about timing the market, but time in the market."
With bitcoin things are no different, and attempting to time it could mean missing out.
With love,
Bam |
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Keep on reading, keep on stacking. |
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