How much Bitcoin does Michael Saylor hold after his September 2022 buys? DC Comics Funko Pop NFTs arrive and in Colorado, you can pay your taxes in crypto!
What happened this week in the world of crypto? Let’s take a look at the three most interesting news stories of the week in this edition of Young Monday! We talk about shopping in style, the next NFT obsession and crypto adoption. Michael Saylor, the founder of US company MicroStrategy, is back to buying Bitcoin after his summer ‘hiatus’. MicroStrategy now has a nice haul: 130,000 Bitcoins! Comic book publisher DC Comics is set to release a collection of NFT comics in collaboration with Funko Pop and WalMart, and in the US state of Colorado it is finally possible to pay taxes in cryptocurrency.
Michael Saylor gets back from holiday and buys 301 Bitcoins!
How is Michael Saylor doing during the bear market? As we can read from the 20th of September 2022 report of the SEC (the US government agency in charge of regulating the market), Saylor bought about $6 million in Bitcoin between the 2nd of August and the 19th of September 2022. This is his first real purchase since June 2022, when the company had bought 480 Bitcoins worth about $10 million.
Given the large amount of purchases made by MicroStrategy in recent years, a question arises. How many Bitcoins does Michael Saylor hold? To date, about 130,000, for a current value of $2.5 billion. However, the bear market spares no one, and even Michael Saylor seems to be losing. MicroStrategy’s average purchase price for each Bitcoin it owns is $30,639. The US company spent about $3.9 billion to buy its holdings of 130,000 BTC, about $1.4 billion less than they are worth today.
However, Saylor doesn’t seem to care about this figure. As we can see in this tweet, the founder of MicroStrategy doesn’t reason in terms of dollar price. 130,000 Bitcoins is 130,000 Bitcoins. Well what can we say Michael, we can’t blame you!
Official DC Comics NFTs? Yes, thanks to WalMart and Funko Pop!
If you are a fan of the genre, you absolutely cannot miss DC Comics’ NFT comic in collaboration with Funko Pop! The two brands have already started a Web3 collaboration by jointly creating NFT collector cards on the WAX blockchain. These NFTs are already available for purchase on the main NFT marketplaces on the WAX blockchain such as NFTHive or AtomicMarket. A new collaboration between DC Comics and Funko Pop will open on the 7th of October 2022, with the entry of another well-known brand: US retail giant WalMart. Limited-edition covers of ‘The Brave and the Bold’ comics will be produced and can be purchased in WalMart stores.
The comic will be sold in a box featuring Funko Pop versions of the superhero protagonists engaged in a battle with an octopus-like monster.
The comics for sale will be available as 30,000 pieces, and the lucky ones who manage to grab a copy will later be able to redeem the NFT version. There will also be 30,000 NFT versions, and they will be redeemable on the WAX blockchain. The WAX blockchain (an acronym that stands for World Asset eXchange) is one of the most widely used networks in gaming and digital collectibles. The most popular Web3 games that make use of the WAX blockchain are Animal World, Castles NFT and Real Magnate. Among the video game brands it collaborates with are Atari, Topps and the action figure company Funko, who have been keen for some time to develop digital collectibles initiatives using Web3 technologies.
The State of Colorado allows for taxes to be paid in crypto
In the US state of Colorado, taxes can now be paid in crypto! The ‘Digital Token Act’ that was passed by the state of Colorado in 2019 finally came into force, three years later. Payments for taxes will only be accepted through PayPal, a US company founded in 1999 by Confinity offering digital payment and money transfer services. The announcement of the law’s entry into force was made on Thursday, the 15th of September 2022 by Colorado Governor Jared Polis, who said: “The state of Colorado has always been at the forefront of digital innovation, whether it’s applying blockchain technologies as a new financial model, or being consumer-centric in enabling businesses and government agencies to innovate to make processes faster and more efficient. To date, Paypal accepts Bitcoin, Ethereum, Bitcoin Cash and Litecoin as payment methods.
