MicroStrategy has intensified its Bitcoin reserve strategy, disclosing a significant purchase of approximately $2.03 billion in Bitcoin between late October and early November. This latest acquisition increases the company's holdings to 279,420 BTC, valued at $24.9 billion as Bitcoin trades around $89,000. Despite a substantial rise in its stock, up 418% in 2024, MicroStrategy's recent revenue report showed a decline, missing analyst expectations, with Q3 revenue at $116.1 million, 10.3% lower than the previous year. Other highlights in the crypto sector include Coinbase launching the COIN50 Index to track over 50 digital assets, aimed at targeting emerging markets, and Kaiko acquiring Vinter to enhance its crypto indexing and analytics services. Moreover, MARA Holdings experienced a 9.1% drop in after-hours trading following a Q3 revenue miss, despite a year-over-year revenue increase. MoonPay also introduced a new payment solution enabling users to spend crypto balances in euros and British pounds, integrating with decentralized finance platforms.

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