Strategy: Massive Bitcoin Buying, Bitmine Officially Listed on the NYSE, Morgan Stanley Bitcoin ETF's First Day Success

Mars Finance news: according to BBX data, yesterday the cryptocurrency market maintained a volatile but relatively strong trading pattern amid lingering positive sentiment from the ceasefire. The key developments are as follows:

Strategy, Inc. (NASDAQ: $MSTR) disclosed in an SEC Form 8-K on April 6 that the company bought an additional 4,871 BTC from April 1 to 5 at an average price of $67,718, for total consideration of approximately $329.9 million; as of April 5, total holdings reached 766,970 BTC, with an on-paper total cost of approximately $58.02 billion (average price $75,644). The funds for this round of BTC purchases came from the sale of STRC preferred shares (net proceeds of about $102.6 million) and MSTR common shares (net proceeds of about $72.0 million).

Bitmine Immersion Technologies (NYSE: $BMNR) officially moved up from NYSE American to the main board of the New York Stock Exchange (the “Big Board”) on April 9, and at the same time announced that the board of directors approved $40 billion shares of repurchase authorization. As of April 5, the company held 4,803,334 ETH (representing 3.98% of total circulating supply), of which 3,334,637 ETH had been pledged, generating annualized staking returns of approximately $196 million; in addition, it held 198 BTC and $8.64 billion in cash, for combined total assets of approximately $114 billion.

Morgan Stanley (NYSE: $MS)’s Morgan Stanley Bitcoin Trust was officially listed on NYSE Arca on April 8, with the ticker $MSBT, becoming the first Bitcoin spot ETF issued by a traditional Wall Street large institution. On the first day, trading volume exceeded 1.6 million shares, recording approximately $34.0 million in net inflows.

Coinbase Global, Inc. (NASDAQ: $COIN)’s institutional custody division, Coinbase Institutional, has been designated as the fund’s official custodian.