Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.16T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN
making the case for bitcoin every day
SEARCHKEY MARKETS
24hr change
BITCOIN STATS
Bitcoin Marketcap
$1.15T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$26.98B
Active Addresses
1.02M
Mining Reward Value (24hr)
$55.5M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
17.44%
BTC Up From Cycle Low
23.22%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
14.04x
-0.18
-1.3%
M2:BTC (marketcap)
18.39x
-0.24
-1.28%
BTC:Oil (price)
823.77x
-29.77
-3.49%
Gold:Oil (price)
35.97x
-1.73
-4.58%
US GOVERNMENT STATS
30-day change
BTC ROI
Bitcoin & Traditional Assets ROI (vs USD)
BTC vs Traditional Assets ROI:
Bitcoin
Gold
S&P 500
1 year:
+120%
+46%
+34%
2 year:
+205%
+55%
+51%
3 year:
+21%
+51%
+32%
4 year:
+474%
+39%
+70%
5 year:
+659%
+76%
+93%
6 year:
+828%
+121%
+97%
7 year:
+1,328%
+109%
+123%
8 year:
+9,896%
+111%
+163%
9 year:
+24,734%
+132%
+186%
10 year:
+18,205%
+120%
+189%
11 year:
+49,903%
+102%
+237%
12 year:
+499,197%
+49%
+289%
13 year:
+1.5 million%
+62%
+390%
14 year:
+94 million%
+98%
+390%
https://casebitcoin.com
Data Source: Messari.io, bitcoincharts.com
What is it: This shows bitcoin's ROI vs other potential inflation hedge assets.
Why it matters: As with the historical bitcoin price table, we see bitcoin's extreme outperformance vs other assets here as well. Bitcoin's relatively small size, plus fundamental properties, yield extreme outperformance when even relatively small funds-flows find their way to BTC.
BTC DAYS ABOVE PRICE
Bitcoin Price Closing History by Level
Days Bitcoin Closed Above:
Price
Days Above
% of Bitcoin's Life
$70,000
15
0.26%
$60,926
180
3.13%
$60,000
206
3.58%
$50,000
371
6.45%
$40,000
622
10.81%
$30,000
867
15.07%
Data Sources: Messari.io, bitcoincharts.com
What is it: This the number of days in which bitcoin "closed" (trading level at midnight UTC) above various price levels.
Why it matters: This can give a sense of where bitcoin is currently trading relative to past cycles.
SHARPE 5yr
DOUBLING TIME
MicroStrategy Proposes New $600mm Offering to Buy More BTC
UPDATE 2: MicroStrategy has completed this purchase. Final tally: An additional 19,452 BTC was purchased for a total of $1.026 billion. Average purchase price was $52,765 per BTC.
MicroStrategy now holds 90,531 BTC, worth ~$4.43 billion as of this writing.
UPDATE: MicroStrategy has upsized this offering to $900mm, with a $150mm potential add-on, and announced that the notes will bear 0% interest. MicroStrategy expects the offering to close by Friday (Feb 19th)
Original Story:
MicroStrategy announced a proposed new debt offering of $600mm, with possible $90mm add-on. The announcement states: "MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins." The notes are convertible to cash or $MSTR stock on or after February 20, 2024 and mature on February 15, 2027.
This is the second debt offering MicroStrategy has issued, with the first occurring in December 2020, with an initial size of $400mm before being upsized to $650mm at final tally.
These debt offerings are in addition to MicroStrategy's conversion of their corporate treasury to mostly BTC, and ongoing smaller conversion of operating cash flow to BTC as part of their treasury reserve policy.
tldr