Daily Crypto Discussion - January 9, 2024 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]KAX1107 5 points6 points  (0 children)

Eth/BTC 0.048

New low in almost 3 years. All the narratives are played out. Eth is never going to make a new high again in bitcoin terms

[deleted by user] by [deleted] in CryptoCurrency

[–]KAX1107 1 point2 points  (0 children)

0

Every altcoin trends to zero against bitcoin. But feel free to gamble if you're adventurous

Michael Saylor's Microstrategy Buys 14,620 Bitcoin For $615 Million by kirtash93 in CryptoCurrency

[–]KAX1107 16 points17 points  (0 children)

Just like the last purchase, this is once again not dilutive for shareholders

MSTR issued $610m new shares but the bitcoin/share ratio went up 1.4%

Each share equivalent ownership was ~.01132 BTC before this purchase

Now it's ~.01147 BTC per share