Marathon Digital Has Record Bitcoin Production, Trust Wallet Offering In-App Off-Ramp
Apr 5, 2023
Equity indices and US Treasury yields are declining today following a weak ADP payrolls data release, potentially indicating the US economy is heading for a slowdown. The SPY 0.09% and QQQ have fallen 0.48% and 1.20%, respectively, while the US02Y and US10Y are approaching new 2023 lows. Crypto markets are mixed today, with BTC (-0.54%) holding above $28k, and ETH (+1.63%) breaking above $1900. MicroStrategy announced this morning that they have acquired an additional 1,045 bitcoin at an average price of $28,016, bringing the companyâs total bitcoin holdings to 140,000 (~$4.17 billion). The latest purchase brings MicroStrategyâs total cost-basis down to $29,803 per bitcoin, bringing its breakeven point within an approximate 6% move.