MicroStrategy Acquires 5,445 Bitcoins

1. MicroStrategy Acquires 5,445 Bitcoins

On September 25, 2023, MicroStrategy Incorporated (“MicroStrategy”) announced that, during the period between August 1, 2023 and September 24, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses. As of September 24, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 158,245 bitcoins, which were acquired at an aggregate purchase price of approximately $4.68 billion and an average purchase price of approximately $29,582 per bitcoin, inclusive of fees and expenses.

2. Coinbase Explores Acquisition of FTX Europe in Bid to Expand Derivatives Business

Coinbase, the U.S. cryptocurrency exchange, has explored the possibility of acquiring FTX Europe as part of its strategy to expand its derivatives business. While talks did not progress to an advanced stage, Coinbase's interest in FTX Europe stems from its highly profitable derivatives operations and growing customer base. FTX Europe, unique for holding licenses to offer perpetual futures in the European region, has garnered attention from various potential buyers, including Crypto.com and Trek Labs, as reported by Fortune.

3. Panerai Elevates Luxury Watch Ownership with NFT 'Digital Passport'

Italian luxury watchmaker Panerai is set to revolutionize the ownership experience by including an NFT-based "digital passport" with all watches purchased starting October 3. This digital passport, developed in partnership with Web3 solutions provider Arianee, serves as a comprehensive certificate of authenticity and provides essential information about the watch's identity and history. It aims to combat counterfeiting, build trust among secondary market buyers, and offers the opportunity to extend the watch's international limited warranty up to eight years. Panerai's innovative approach aligns with the evolving luxury industry's embrace of Web3 technology, enhancing the client experience in the world of luxury watches..

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