CandleFocus Michael Saylor Makes 'Bitcoin Burger' Statement as BTC Rockets Over $63,000
2024-09-19
Author: Content Editor
Bitcoin has continued to rise this week, surpassing the $63,000 mark and reaching highs of $63,526. Michael Saylor, chairman of MicroStrategy, expressed his support for Bitcoin in a playful tweet. MicroStrategy, under Saylor's leadership, is one of the largest institutional holders of Bitcoin. MicroStrategy also announced a Convertible Senior Notes Offering, with estimated net proceeds of $864.1 million, which will be used to redeem existing notes and purchase additional Bitcoin. The Federal Reserve's reduction in borrowing costs also contributed to Bitcoin's three-week high. Bitcoin is currently up 5.37% in the last 24 hours and 9.37% for the week. The market is watching to see if Bitcoin can sustain its bullish momentum and challenge its previous all-time highs.
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