LiteCoin: the one not talked about

Unlike Bitcoin and Ether, LiteCoin has not surpassed its all time high in price. It is an interesting picture below and suggests there is more work to be done in price development. With EBAY supporting LTC, it just may be the vehicle to make LTC a coin of choice for consumers. One thing to absorb after looking at the LTC Price chart is the following chart which shows the strengthening of LTC vs the price of BTC. Quietly, LTC has come to play.


These Companies Have Collectively Bought $3.9 Billion Worth of Bitcoin

https://www.fool.com/investing/2021/03/05/companies-collectively-bought-39-billion-bitcoin/

Thank you to the Motley Fool for this article.

In addition to the companies and amounts disclosed in this article, just yesterday, March 8, 2021, two new companies disclosed BTC purchases in the $100 million area and deeper moves into developing/acquiring blockchain solutions. PayPal announced yesterday that they are buying Curv, a digital asset security firm for an undisclosed sum estimated to be between $100 million and $300 million.
https://cointelegraph.com/news/paypal-purchases-crypto-custody-firm-curv

Keep your seatbelts on.

December 8, 2020 MSTR files $400 million debt offering to buy more Bitcoin; December 4, 2020 8-K filing by MicroStrategy reporting new $50 million purchase of Bitcoin

December 8, 2020 6:00 PM MicroStrategy goes after more Bitcoin with a new filing to raise $400 million in debt to fund the purchase of additional Bitcoin. This is in addition to the $50 million from Friday’s 8-K filing.

MicroStrategy Announces Proposed Private Offering of $400 Million of Convertible Senior Notes

https://www.businesswire.com/news/home/20201207005918/en/MicroStrategy-Announces-Proposed-Private-Offering-of-400-Million-of-Convertible-Senior-Notes

December 8, 2020 Listen to Michael Saylor explain why he is adding Bitcoin to his company’s balance sheet
https://www.youtube.com/watch?v=Jb48Q5e4WVg

Item 8.01.
Other Events.
On December 4, 2020, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. As of December 4, 2020, the Company holds approximately 40,824 bitcoins that were acquired at an aggregate purchase price of $475.0 million, inclusive of fees and expenses.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1050446/000119312520310787/d22733d8k.htm