MNI China Daily Summary: Tuesday, December 17

MNI INTERVIEW: BOS Revises Up Spanish Growth, Inflation Stable

MNI: PBOC Net Injects CNY213.8 Bln via OMO Tuesday

MNI BRIEF: More Adverse Outlook, Less Uncertainty- BCB minutes

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Tues; -2.09% Y/Y

MNI BRIEF: US ISM Expects Increased Revenues, Sticky Prices

EZ/UK Bond Supply Calendar: Austria, UK Auction on Jan 7

MNI: GERMANY DEC ZEW CURRENT CONDITIONS -93.1

MNI: GERMANY ZEW DEC ECONOMIC EXPECTATIONS 15.7

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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GLOBAL MACRO: MicroStrategy Purchaes Over $4b Of Bitcoin The Past Week

GLOBAL MACRO
EM BulletFixed Income BulletsBulletMarketsEmerging Market News

MicroStrategy (MSTR) purchased a record $4.6b worth of Bitcoin between Nov 11 to 17, adding 51,780 tokens and bringing its total holdings to 331,200 Bitcoin, valued at approximately $30b. The company, now the largest institutional Bitcoin holder, financed its purchases through share and convertible debt sales, including a $1.75b note offering announced Monday. Investors have embraced this strategy, with MicroStrategy's stock surging over 400% ytd, making it one of the top-performing stocks in 2024.

  • BTC rose 14% during the time at which MSTR was purchasing bitcoin, with 12% of that occurring on the 11th.
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MicroStrategy (MSTR) purchased a record $4.6b worth of Bitcoin between Nov 11 to 17, adding 51,780 tokens and bringing its total holdings to 331,200 Bitcoin, valued at approximately $30b. The company, now the largest institutional Bitcoin holder, financed its purchases through share and convertible debt sales, including a $1.75b note offering announced Monday. Investors have embraced this strategy, with MicroStrategy's stock surging over 400% ytd, making it one of the top-performing stocks in 2024.

  • BTC rose 14% during the time at which MSTR was purchasing bitcoin, with 12% of that occurring on the 11th.