Saylor Sells MSTR To Buy More BTC

$MSTR, under Michael Saylor’s leadership, has made another bold move, purchasing 5,445 $BTC at an average price of $27,053 after selling its own stock. 🌐

The company invested $147.3 million between Aug. 1 and Sept. 24, selling 403,362 class A common stocks to fund its Bitcoin purchases. The company now holds 158,245 BTC, investing approximately $4.68 billion over three years.

MSTR dropped -25% from Aug. 1 to Sept. 24, but is higher +1.35% since the news dropped today. 🚀

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Regulators’ Crypto Crackdown Continues

We don’t typically touch on crypto news, but several events from today were worth noting. 📰

The first significant development is that Binance’s Changpeng Zhao is reportedly sacrificing himself to save the company. The Wall Street Journal indicated that the founder and CEO plans to step down and plead guilty to violating criminal U.S. anti-money-laundering laws. Binance will also plead guilty to a criminal charge and pay $4.3b in fines to settle civil allegations.

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Technically Speaking – November 17, 2023

This Technically Speaking article is long as we review some of the various charts we’ve looked at over the past four to six weeks. 

Included in today’s Technically Speaking are: Chainlink, Uniswap, Monero, and Ethereum.

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Human Trafficking Scum Are Much Sad, $225 Million Worth Of Sad

In a landmark collaboration, Tether ($USDT) and crypto exchange OKX have teamed up with the U.S. Department of Justice (DOJ) to freeze a record $225 million in USDT, linked to a Southeast Asian human trafficking ring involved in global romance scams. 👊

This operation, announced on Nov. 20, represents the largest USDT freeze in history.

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