Bitcoin Blastin’ Past $93k, SEC’s Got Some Texan Trouble

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[CryptoButthead.com , rgo, mschro, November 19, 2024] Well, howdy! Ash here with Booker, and boy, do we have a story for ya! Bitcoin’s gone and shot up over $93,000 again, faster than a jackrabbit on a date.  Meanwhile, eighteen states, led by Texas with its cowboy hat on, have taken the SEC to court. They’re sayin’ the SEC’s been overreachin’ on crypto like a bear in a honey pot.

MicroStrategy, they ain’t playin’ around. They’ve just dropped a cool $1.75 billion on some Convertible Senior Notes to grab even more Bitcoin. Talk about doubling down! They’ve scooped up 27,200 more BTC, makin’ their stash a whopping 279,420 BTC now. That’s a yield of 26.4% this year, folks, which might just mean they’ve been bitin’ into some golden apples. 

Ash: “SEC’s tryin’ to fence in crypto like cattle, but the states ain’t havin’ none of it. They’re fightin’ back, Texan style!”

Booker: “And let’s not forget MicroStrategy, they’re stackin’ those Bitcoins like hay bales in a barn. If this keeps up, they might just buy Texas!”

 

 

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Disclaimer: Yo, this is Booker your CryptoButthead talkin’, man. This article is for entertainment purposes only and does not constitute financial advice. Invest responsibly, y’all! Don’t take it too seriously. Crypto investing is serious, just like any other investments. Get real info, dude. Remember, investing is extra risky. If you don’t know, ask someone who does. This article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.  Furthermore the author(s) of this article may or may not hold a position in the mentioned stock or digital asset. None of the companies or organizations discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock or digital asset and its performance over time to make informed decisions about their investments. cryptobutthead dot com is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances.

 



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