PakGazette: Read the top three stories brought to you by PakGazette.
Michael Saylor Announces $299 Million “Gift” to MSTR Holders
In a recent X post, MicroStrategy founder Michael Saylor shared a significant net profit for the company’s Bitcoin shareholders. Saylor called this benefit a “gift” from Bitcoin, highlighting that the company’s treasury operations yielded approximately 3,177 BTC last week; this equates to around $299 million (at a BTC price of $94,000). Therefore, the MicroStrategy founder emphasized the company’s commitment to enhancing shareholder value through strategic Bitcoin accumulation and return generation initiatives. Meanwhile, MicroStrategy made headlines by acquiring $561 million worth of BTC on Monday, December 23. The company currently holds 444,262 BTC valued at approximately $27.7 billion purchased at $62,257 per BTC on average.
USD Stablecoin (RLUSD) Trades on Major Exchanges
According to a recent announcement by Bullish, an institutional crypto exchange backed by investor Peter Thiel, officially added the Ripple USD stablecoin (RLUSD) on Tuesday, December 24. As of now, Bullish users can trade a total of seven markets with highly anticipated stablecoin. These markets include RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD. The stablecoin went live last week, on December 17, following regulatory approval from the New York State Department of Financial Services (NYDFS), and is now generating significant interest. Previously, RLUSD was also listed on other exchanges such as Independent (LON:) Reserve, Bitso and Uphold. According to data from CoinGecko, the stablecoin’s current market capitalization is $73.5 million, ranking it as the 672nd largest cryptocurrency.
Shibarium celebrates Christmas with an epic transaction
Yesterday, as the world celebrated Christmas, Shibarium’s Layer 2 solution achieved a major milestone by surpassing 700 million transactions. According to Shibariumscan data, the total number of recorded transactions now stands at 708,006,911, with an average of 4.74 million transactions per day across 2,027,311 wallet addresses. This achievement is particularly noteworthy given that the ecosystem was officially launched in August 2023, indicating strong community engagement in a short period. In addition to this achievement, Shibarium can boast of other notable developments, including the launch of a new user interface to improve compatibility with well-known self-custody wallets such as Coinbase (NASDAQ 🙂 Wallet, Trust Wallet, and MetaMask.
