Today in the world of cryptocurrency, several significant developments emerged. MicroStrategy, the business intelligence firm known for its substantial Bitcoin investments, has once again added to its holdings. The company announced the purchase of 2,138 Bitcoin for approximately $209 million, which marks its eighth consecutive weekly acquisition. This latest move brings MicroStrategy’s total Bitcoin holdings to 446,400, making it the largest corporate holder by a substantial margin. The purchase was funded by selling 592,987 company shares.
In Hong Kong, a legislative member has made headlines with a proposal to incorporate Bitcoin into the region’s national reserve. Wu Jiexhuang, a member of the Legislative Council, suggested that Hong Kong could leverage its unique “one country, two systems” policy to explore the potential financial security benefits of Bitcoin. He cited examples from smaller nations like El Salvador and Bhutan, which have already integrated Bitcoin into their reserves. Jiexhuang also highlighted the impact of potential U.S. policies on Bitcoin as a reserve asset on traditional markets.
Meanwhile, a concerning new scam has emerged in the cryptocurrency community. Hackers are using fake job offers to trick victims into installing malware, granting them access to personal computers and potentially draining cryptocurrency wallets. This scam involves posing as recruiters offering high-salary positions, then tricking victims into following steps that result in malware installation, offering hackers a “backdoor” to devices across Mac, Windows, and Linux operating systems. Blockchain investigator Taylor Monahan warned that these sophisticated attacks could lead to significant losses for unsuspecting individuals.
These developments underscore the evolving landscape of cryptocurrency, highlighting both the growing institutional interest in Bitcoin and the persistent security threats facing users.
