Michael Saylor Sells $216M MicroStrategy Stocks for Bitcoin
In a significant move, Michael Saylor, Executive Chairman of MicroStrategy, has started selling $216 million in MicroStrategy shares over a four-month period to invest further in Bitcoin. This comes after the company’s substantial Bitcoin acquisitions, which have brought their total holdings to approximately 189,150 BTC.
CleanSpark Launches In-House Bitcoin Trading Desk
CleanSpark, a US-based Bitcoin mining company, has announced plans to establish an in-house trading desk to enhance earnings from its substantial Bitcoin assets. The company’s CEO sees strategic benefits in internal trading and believes other Bitcoin miners might follow suit.
SEC Continues Review of Bitcoin ETF Paperwork
The US Securities and Exchange Commission (SEC) is still reviewing applications for spot Bitcoin Exchange-Traded Funds (ETFs). Bloomberg analyst James Seyffart expects decisions on these applications between January 8 and 10.
Bitcoin Price Prediction
As of January 3, Bitcoin is trading at $45,325. The pivot point is at $44,500, with resistance levels at $45,992, $47,150, and $48,195. Support levels are at $43,290, $41,645, and $40,520. The RSI suggests bullishness but nears overbought conditions. Investors should stay alert to evolving market conditions and potential short-term volatility.
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The post Bitcoin Price Prediction: Saylor Sells Stocks, CleanSpark’s New Desk appeared first on Cryptonews.
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