Bitcoin Surpasses Silver in Market Value
The cryptocurrency Bitcoin has reached a new milestone, surpassing silver in market value. According to finanzen.net, the recent victory of Donald Trump in the US presidential election has provided significant momentum for Bitcoin's price surge. The digital currency climbed above $19,000 last week and even hit an all-time high of $19,655.50 by November 22nd. This remarkable growth is attributed to investor fear of missing out (FOMO) on potential gains as well as Trump's promises during his campaign to keep the crypto market largely unregulated and provide cheap electricity for mining.
As a result of this enthusiasm, Bitcoin now ranks seventh among the world's most valuable assets with a market capitalization of $1.951 trillion USD, overtaking silver which stands at $1.767 trillion USD according to CompaniesMarketCap data.
Marathon Digital Raises One Billion Dollars
In another development within the crypto sector reported by Crypto News Flash, Marathon Digital Holdings has successfully raised one billion dollars through convertible bonds aimed at increasing its Bitcoin holdings and managing debt obligations more effectively. Of this amount raised from zero-coupon convertible notes issuance; approximately 800 million will be allocated towards purchasing additional BTC while around 200 million are earmarked specifically toward repurchasing existing debts.
This strategic move highlights not only their confidence but also mirrors similar actions taken previously by MicroStrategy - known innovators utilizing such financial instruments extensively when building substantial reserves themselves over time.
Sources:
- Rekordlauf: Kryptowährung Bitcoin inzwischen wertvoller als Silber
- Marathon sammelt eine Milliarde Dollar für Bitcoin- und Schuldenmanagement
- Bitcoin-Bullenmarkt könnte russische Miner in den Untergrund treiben
- Ist der Bitcoin am Ende gar kein Umweltsünder?
- Bitcoin erreicht 100.000 $ ist kein Traum mehr: Verdienen Sie 2.000 $ pro Tag mit dem ION Mining Cloud Service
