Crypto Michael Saylor’s MicroStrategy further inflated its Bitcoin stash today. The company purchased another 5,445 Bitcoin (BTC). Binance CEO Changpeng Zhao praised MicroStrategy’s move. Meanwhile, the market received a shock with the hack of Justin Sun’s HTX. CZ teased Sun using the HTX name and offered help.
MicroStrategy collected Bitcoin, Binance CEO applauded the move!
cryptokoin.comAs you follow from, MicroStrategy purchased 5445 BTC worth approximately $147.3 million today. It made this addition at an average price of $27,053 per Bitcoin. Michael Saylor, Chairman of the Board of Directors of the company, announced this development on his X account. He also stated that the company has a total of 158,245 BTC purchased for approximately $4.68 billion at an average price of $29,582.
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR https://t.co/GbJtUoQfXv
— Michael Saylor⚡️ (@saylor) September 25, 2023
MicroStrategy’s positive attitude towards Bitcoin acquisition continues to be a source of encouragement for the industry at large. With both criticism and praise directed at the company, its unwavering determination to accumulate Bitcoin has allowed it to accumulate a significant treasury reserve in the cryptocurrency, further solidifying its position in the crypto space. Binance CEO praised MicroStrategy’s move. “The strength of your hand is determined during a dive,” CZ says. He implied that he found Saylor brave.
The strength of your hand is determined during a dip. https://t.co/tHJWRLCZ4G
— CZ 🔶 Binance (@cz_binance) September 25, 2023
CZ wants to support HTX in tracking stolen funds
HTX, formerly known as Huobi, suffered a security breach that resulted in the loss of 500 Ethereum (ETH) worth approximately $8 million. The crypto exchange immediately detected the breach, which occurred on Sunday. HTX advisor and Tron founder Justin Sun announced that HTX has recouped the losses. He also assured that all funds are safe. By the way, Binance CEO CZ did not remain indifferent to this hacking incident.
An HTX hot wallet transmitted a message in Chinese to the attacker. In the message, HTX stated that the exchange was aware of the identity of the attacker. He also proposed allowing them to keep 5% of the siphoned funds as a “white hat reward.” However, this is conditional on the attacker returning the other 95%. Justin Sun made the following statement regarding the issue:
$8 million represents a relatively small amount compared to the $3 billion worth of assets held by our users. It also means only two weeks of revenue for the HTX platform. As a result, all funds are safe. Additionally, trading continued as usual. We promptly addressed and resolved all issues. We restored the platform to its normal state without delay.
Binance CEO teased Sun with a cheeky tweet. CZ: “One week after changing the name of your exchange to FTX!” he commented. The intent was clear: the name change might have brought unexpected and unwanted attention. However, CZ also stated that Binance is ready to help after the hacking incident. “All joking aside, our security team will help track down hacker funds whenever we can,” he added.
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