🚀 Bitcoin stacking firm Strategy, formerly MicroStrategy, reported a $670.8M Q4 loss but stacked 218,887 more BTC! Revenue dipped 3% to $120.7M, missing estimates by $2M. Expenses skyrocketed 700% as they launched their ambitious "21/21 Plan," aiming for $42B in capital to buy more BTC. Already halfway there, Strategy holds 471,107 BTC, worth over $45B—more than any other corporation! CEO Phong Le says they're ahead of schedule, with strong investor support. Despite a stock dip, Strategy's BTC commitment shines, now with a snazzy "₿" logo!
Bitcoin-focused firm Strategy, formerly known as MicroStrategy, reported a $670.8 million net loss in Q4, despite acquiring an additional 218,887 Bitcoin. Revenue for the quarter was $120.7 million, a 3% drop from the previous year, missing analyst expectations by $2 million. The company's expenses surged nearly 700% to $1.1 billion as it pursued its ambitious "21/21 Plan" to secure $42 billion for further Bitcoin investments. Strategy has already completed $20 billion of this plan, largely through senior convertible notes and debt. The firm now holds 471,107 Bitcoin, valued at over $45 billion, the largest corporate holding globally.
📊 #Polkadot crashes to key price: here’s why it may rebound 500%
Polkadot price crashed to a key level this week as it continued to underperform other popular layer-1 coins like Solana and Mantra.
Polkadot ($DOT ) dropped to a low of $3.53 this week, erasing all gains made since September last year.
Two potential catalysts may push the coin higher in the coming months. First, developers will launch the Polkadot 2.0 upgrade, expected to be the most significant update since its inception in 2016.
Polkadot 2.0 will follow the recent introduction of asynchronous backing, which accelerated transaction confirmation time and capacity. The upgrade will introduce two key features: agile coretime and elastic scaling.
Agile coretime simplifies developer onboarding by providing on-demand access to affordable blockspace, similar to parallel CPUs.
Elastic scaling will refine Polkadot’s core structure, enabling parachains to increase block production and transaction capacity.
Polkadot will also introduce the Joint-Accumulate Machine,which will replace the relay chain. JAM will function as a rollup chain, operating transactionlessly by focusing on guarantees, assurances, judgments, preimages, and tickets.
According to Polkadot, this launch is expected in early 2025. A key benefit is that developers will be able to build on Polkadot similarly to Ethereum. The current version of Polkadot requires parachain developers to go through an auction process, which has discouraged adoption.
Polkadot has also allocated funds to support its ecosystem ahead of the JAM rollout. This includes the $155 million Polkadot Treasury, a $45 million JAM Implementer Prize, and a $30 million Decentralized Futures Program.
→ You: have an innovative idea→ Polkadot: can fund it
$155,000,000 – Polkadot Treasury
$45,000,000 – JAM Implementer's Prize
$30,000,000 – Decentralized Futures Program
$450,000 – Open Source Developer Grants Bounty
{spot}(DOTUSDT)
This Friday: The next Scroll Open Lab livestream! 🧙
This week we'll be reviewing posts you've made about build in public, whether that be posting about technical decisions you've made, memes, or learnings you've had thus far.
Submit your idea before the stream 👉 https://t.co/xH4N7HC5Lv
📅 Friday, Feb 7th, 1PM UTC
🎙️: @razacodes & @_emjlin
Watch live on:
➼ YouTube: https://t.co/684zsaPzkn
➼ LinkedIn: https://t.co/HFFRDV8nLy
➼ Directly here on X!
See you all soon! 🛠️
🚨 Crypto Alert: Altcoins Face Major Sell-Off! 🚨
- Altcoins just saw a massive $460B wipeout, dropping 31.5% in days. Is the altseason dream fading? 🤔
- Bitcoin's dominance soars, capturing 61.5% of the market. Will it continue to overshadow altcoins?
- Speculative capital is shifting to on-chain tokens, disrupting traditional altcoin rallies.
- Ethereum sees quiet accumulation by major players, hinting at potential altcoin demand.
What do you think? Will altcoins bounce back, or is Bitcoin here to stay? Share your thoughts below! 👇
🚀 Why Now is the Perfect Time to Accumulate Polkadot (DOT)! 🌟
Now is an opportune time to buy and accumulate Polkadot (DOT) as analysts predict a potential price surge, with estimates suggesting it could rise from around $5.95 to as high as $35 by the end of 2025. The DOT ecosystem is gaining momentum through its unique multichain architecture and growing interoperability, positioning it as a strong contender in the blockchain space.
Current Market Sentiment📈
- The market sentiment surrounding Polkadot is predominantly bullish, with many investors optimistic about its future growth.
- Recent developments in the ecosystem, including the launch of new parachains and enhancements in governance, have contributed to this positive outlook.
Ecosystem Developments 🔧
- Polkadot has introduced significant upgrades, such as the OpenGov governance model and XCM V3 messaging format, which enhance its functionality and user engagement.
- The ecosystem is witnessing increased developer activity, with a growing number of projects being built on its platform, indicating a robust and expanding network.
Price Predictions 💰
- Analysts forecast that DOT could reach approximately $37.81 by the end of 2025, with some optimistic projections suggesting it could even hit $94.51 by 2030.
Investment Opportunities 📊
- With the current price hovering around $5.95, accumulating DOT now could yield significant returns as the ecosystem matures and more users engage with its offerings.
- The anticipated growth in decentralized finance (DeFi) projects within the Polkadot ecosystem could further drive demand for DOT, enhancing its value.
Conclusion🏁
- Investing in Polkadot at this juncture presents a promising opportunity, given the positive market sentiment, ongoing ecosystem developments, and strong price predictions.
- As the Polkadot network continues to evolve and attract more projects, early investors may benefit from substantial gains in the near future.
Don’t miss out on this chance to ride the wave of Polkadot’s growth! 🌊💎
$DOT #PolkadotNews