Cryptocurrencies
MicroStrategy Inc. disclosed that it just spent $10.0 million in cash to buy 205 bitcoins on Friday. The enterprise software and bitcoin holder said it paid an average price of $48,888 for each bitcoin, including fees. Bitcoin were recently down 1.1% at $47,909, while MicroStrategy shares shed 2.3% in premarket trading. The company said as of March 5, it holds about 91,064 bitcoins, which were acquired at total spend of $2.20 billion at an average price of about $24,119 per bitcoin. MicroStrategy's stock has soared 96.9% over the past three months through Thursday, while bitcoin prices have rocketed 156.4% and the S&P 500 has gained 1.9%. 8:16 a.m. March 5, 2021
Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said Thursday. 8:50 a.m. March 4, 2021

Follow along with MarketWatch for a live blog of Tuesday’s confirmation hearings for President Joe Biden’s nominees to head the Securities and Exchange Commission and the Consumer Financial Protection Bureau, where meme stocks, cryptocurrencies and student loans will be in the spotlight. 1:08 p.m. March 2, 2021
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For the first time, the IRS is asking about virtual currency transactions on the first page of its main income tax form.
9:20 a.m. March 1, 2021Shares of MicroStrategy Inc. surged 6.6% in premarket trading Monday after the enterprise software and bitcoin holder disclosed that on Monday, it paid $15 million in cash to buy about 328 bitcoins. The company said it paid an average price of about $45,710 per bitcoin, including fees and expenses. Bitcoin was recently up 7.1% at $48,360 in early trading Monday. As of March 1, MicroStrategy said it has paid out $2.19 billion to buy about 90,859 bitcoins, at an average purchase price of about $24,063 per bitcoin. MicroStrategy's stock has soared 131.6% over the past three months through Friday, while bitcoin has run up 156.3%, the SPDR S&P Software & Services ETF has advanced 15.1% and the S&P 500 has gained 4.1%.
8:23 a.m. March 1, 2021The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts.
3:46 p.m. Feb. 28, 2021