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MicroStrategy's Bitcoin Bet; Pudgy Penguins NFTs Break All-Time Highs With Holiday Rally

The most valuable crypto stories for Wednesday, Dec. 28, 2022.

December 28, 2022
Neha Narula
Director
Digital Currency Initiative
Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose."
Neha Narula
Director
Digital Currency Initiative
Consensus 2023 Logo
Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose."

MicroStrategy (MSTR) has added about 2,501 bitcoins to its holdings since Nov. 1, spending a net $44.6 million. The software company co-founded by crypto proponent Michael Saylor also sold a small amount of the largest cryptocurrency by market capitalization for the first time last Thursday. Plus, a closer look at why Pudgy Penguins NFTs are on a Christmastime tear.

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”