BTC $18,878 (-1.4%) • ETH $566 (-3.5%) • XRP $0.57 (-5%) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

	MicroStrategy shares drop 8% after announcement of $400m debt raise to buy Bitcoin BTC $18,878 (-1.4%) • ETH $566 (-3.5%) • XRP $0.57 (-5%) CryptoSlate Dec 8 Ad: SwissBorg — One app. 4 exchanges. Best rates. Download the App → MicroStrategy has quickly become one of Bitcoin’s biggest supporters in the world of traditional firms and institutions. The business services and analytics company, based in the Eastern U.S., shocked the world when it invested $250 million from its balance sheet into BTC. This took many by surprise for three reasons: This was the first time a U.S. company had purchased Bitcoin with cash from its balance sheet for investment purposes. This investment comprised more than half of its cash at the time. And finally, in 2013, company chief executive Michael Saylor was critical of Bitcoin online. But the company bought Bitcoin anyway, arguing that it was a better alternative to holding cash due to the vast amount of inflation and currency devaluation taking place. The company later doubled down, buying $175 million worth of Bitcoin in September, then another $50 million worth just last week. In total, MicroStrategy now owns $750 million worth of BTC, which it is up nearly 80 percent on. Read the full story here ➡️ Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Start Earning Interest with Nexo Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬ Bitcoin funds see “record” $429m inflows in last week Bitcoin funds focused on the digital asset and other large-cap cryptocurrencies are seeing record inflows this year amidst rising inflation concerns and a bleak macroeconomic outlook. 2 min read → Professor: Ethereum could “eat” Wall Street in 5 to 10 years for 3 reasons Aaron Wright, a professor at Cardozo School of Law, believes Ethereum could “eat” Wall Street in the next 10 years. 2 min read → Should ICO project founders be held criminally liable for withholding information? There are some exciting things going on in the crypto start-up space. 4 min read → The average DeFi coin is up 50% sice end of October, outperforming Bitcoin’s 38% rally All eyes have been on Bitcoin over the past few weeks. 2 min read → Control your wealth Ad: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. Download the Wealth App from SwissBorg 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market data For more pertinent market data, please see: 🌚 Cryptocurrency Rankings 📈 Biggest Gainers - 24h 📉 Biggest Losers - 24h 💰 Highest Volume - 24h 🆕 Recently Added Coins Connect with us Telegram Instagram Twitter Facebook LinkedIn Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article. If you liked this post from CryptoSlate, why not share it? Share © 2020 Zenzio Incorporated Unsubscribe 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332