By Kapil Rajyaguru
MicroStrategy Bags 5.2K Bitcoin At Average BTC Price of $106K.
Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices. MicroStrategy acquired 5,262 BTC between Dec. 16 and 22, pouring roughly $561 million into the asset, the firm officially announced on Dec. 23.
In its latest Bitcoin purchase, MicroStrategy bought the cryptocurrency at an average price of roughly $106,662, the highest cost the firm has ever paid per BTC.
As of Dec. 22, 2024, MicroStrategy and its subsidiaries together held approximately 444,262 BTC, acquired at an aggregate purchase price of $27.7 billion and an average purchase price of $62,257 per BTC.
Nokia Files Patent For Digital Asset Encryption Device And Program.
Finnish telecom company Nokia filed for a patent on a “device, method, and computer program” that can encrypt digital assets. On Dec. 23, the China National Intellectual Property Administration (CNIPA), patent office of the People’s Republic of China, disclosed that Nokia Technologies had applied for the digital asset encryption patent.
According to English translations of the application, the patent is for a device and a program with a component that encrypts digital assets.
The patent also involves indexes of digital assets used for encryption, which the program would provide for its first network function. While the patent may seem unclear, it demonstrates that the company is moving into the encryption of digital assets and may be developing a device that performs this function.
La Rosa Holdings To Offer Bitcoin Payments For Real Estate Agents.
Nasdaq-listed firm La Rosa Holdings will integrate Bitcoin and cryptocurrency payment options for its network of more than 3,000 real estate agents in the United States.
According to a Dec. 23 announcement, the company will allow agents to receive commissions in digital assets. The company provides a platform, La Rosa Realty, that helps agents manage their work, from buying and selling properties to communicating with clients.
Major retailers such as PayPal, Microsoft, Starbucks, and McDonald’s have already integrated Bitcoin payments into their platforms. Forecasters predict that the Bitcoin payment ecosystem, comprising miners, merchants, and consumers, will reach a value of $1.83 trillion by 2030.
Crypto.com Launches US Institutional Custody Service.
Crypto.com has launched an institutional cryptocurrency custody service in the United States as part of a broader plan to expand its presence in the country, the crypto exchange said on Dec. 23.
Dubbed Crypto.com Custody Trust Company, the chartered trust is eligible to custody assets for US institutions and high-net-worth individuals, Crypto.com said. Digital assets held by Crypto.com’s US and Canadian customers will migrate to Crypto.com Custody Trust Company “over the coming weeks,” the exchange said.
Crypto.com is headquartered in Singapore and launched in the US in 2022, initially only for institutional investors. It suspended its exchange services in the country in 2023 but has since reversed course.
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