BB DAILY 12-2-2024: MicroStrategy’s Bitcoin surge, $1.9B Silk Road BTC move, Enron’s crypto parody, and EU tokenized securities breakthrough
MicroStrategy raises its Bitcoin holdings to 402,100 BTC, the U.S. transfers $1.9 billion in seized Silk Road Bitcoin to Coinbase, Enron’s crypto plans revealed as a parody, and 21X teams with Chainlink to launch Europe’s first regulated market for tokenized securities.
Because Bitcoin
December 2, 2024
MicroStrategy adds 15,400 BTC, raising holdings to 402,100 BTC
MicroStrategy acquired 15,400 BTC for $1.5 billion between Nov. 25 and Dec. 1 at an average price of $95,976 per bitcoin. The firm’s total holdings, now at 402,100 BTC worth $38 billion, were purchased at an average of $58,263 per bitcoin. Recent acquisitions come amid a $42 billion capital-raising plan for further Bitcoin purchases, with its year-to-date Bitcoin Yield at 63.3%.
US Government Transfers $1.9B Silk Road Bitcoin to Coinbase
The U.S. government transferred 19,800 BTC, valued at $1.92 billion, from Silk Road seizures to Coinbase, causing Bitcoin’s price to dip over 2% to $95,250. The funds, linked to past fraud by James Zhong, were moved at minimal cost. While such transactions often raise fears of liquidation, Coinbase Prime now manages these assets under a federal contract, reducing the likelihood of immediate sales.
Enron teases crypto entry in surprise relaunch—revealed as parody
Enron announced its revival with plans to address energy crises and hinted at entering the crypto space, including potential token launches and blockchain partnerships. The move raised speculation about renewed opportunities under a Trump administration. However, further investigation revealed the relaunch was a parody project described as performance art on its website.
21X partners with Chainlink to launch EU-regulated tokenized securities system
21X announced a partnership with Chainlink to power its forthcoming EU-regulated trading and settlement system for tokenized securities. The collaboration will integrate Chainlink’s data feeds and Cross-Chain Interoperability Protocol (CCIP), enabling secure price feeds and multi-chain asset access. Under BaFin supervision, 21X plans to launch in Q1 2025, offering Europe’s first regulated market infrastructure for tokenized assets.
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