MicroStrategy's $4.53B Bitcoin and Stock Triumph After Three Years
MicroStrategy celebrates three years since embracing Bitcoin as its primary treasury reserve asset. With an initial investment of $250 million, the firm's holdings now stand at 21,454 BTC, valued at over $4.53 billion. Led by Michael Saylor, the strategy has yielded a staggering 210%+ increase in company stock value. Daily HODL writes.
PayPal Sets Sights on DeFi Following Stablecoin Launch
PayPal is extending its crypto engagement by integrating PYUSD, its newly launched stablecoin, into the decentralized finance (DeFi) landscape. Jose Fernandez da Ponte, PayPal's SVP of blockchain and crypto, envisions PYUSD as a versatile asset across the crypto industry, aiming to compete with existing players like USDT and USDC in the DeFi realm. Story by Assad Jafri for CryptoSlate.
Coca-Cola Enters NFT Space with Coinbase-Based Collection
Iconic beverage giant Coca-Cola is venturing into the world of nonfungible tokens (NFTs) by launching its debut collection on the Coinbase layer-2 network Base. Part of the "Onchain Summer" event, this move brings the global masterpiece campaign onto the blockchain, featuring iconic works by leading artists. Source: Martin Young for CoinTelegraph.
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