#CryptoNewss
Strategy (formerly MicroStrategy) is doubling down:
The strategy just purchased 10,624 BTC for approximately 963 million dollars, increasing its reserves to around 660,600 BTC (over 60 billion dollars).
This move is seen as a strong signal of institutional confidence in Bitcoin (BTC), even as BTC has fallen nearly 30% from its peak.
• The market is stabilizing, there are some signs of recovery:
Bitcoin recently rebounded and is trading around 91,000 to 92,000 dollars, after falling below 90,000 dollars.
Ether (ETH) is holding above 3,000 dollars, and altcoins in general are showing strength, suggesting renewed optimism.
• Binance is taking bold steps in expansion and leadership:
Reports indicate that Binance is establishing a permanent global headquarters in Abu Dhabi after obtaining the necessary financial licenses, marking a significant strategic shift towards regulatory compliance.
Separately, Binance appointed co-founder Yi He as co-CEO, alongside the current CEO, signaling its ambitions to expand its customer base on a global scale.
