MicroStrategy Issuing Up To $1B In Common Stock To Buy More Bitcoin

MicroStrategy is back at it again. Fresh off the heels of selling $500M worth of privately offered notes in a securities offering this week, the leading business analytics firm is looking for more.

Stock Offering

MicroStrategy is rapidly approaching 100K worth of BTC in the firm’s Bitcoin-holding subsidiary, MacroStrategy LLC. The recent common stock offering for the company suggests that they could be looking to cross the 100K threshold sooner rather than later.

This week’s SEC filing will enable MicroStrategy to sell up to $1B worth of their class A common stock $MSTR over time; in the SEC prospectus, the firm stated that they “intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement.”

Of course, with over 92K BTC in the newly-formed subsidiary’s account, MicroStrategy could already cross the 100K mark even with just the recent bond offering. At current pricing, the company could secure over 10K bitcoin with the money raised from the senior secured note sales, making the common stock announcement just icing on the cake for the MacroStrategy BTC holdings. Even with the firm’s current numbers alone, they are far and away the corporate leader when it comes to BTC holdings, with over twice as much BTC on hand than Tesla.

Related Reading | MicroStrategy Discloses A $15M Bitcoin Purchase

More From The Filings

The SEC filings share a bit of the macro perspective for the firm: “We view our bitcoin holdings as long-term holdings, and we do not plan to engage in regular trading of bitcoin and have not hedged or otherwise entered into derivative contracts with respect to our bitcoin holdings, though we may sell bitcoin in future periods as needed to generate cash for treasury management and other general corporate purposes”.

Additionally, the firm stated in the filings that they are “exploring opportunities to apply bitcoin-related technologies such as blockchain analytics into our software offerings”. The company to-date has looked at their operations as a two-pronged business, growing their enterprise analytics software business and acquiring and holding bitcoin.

MicroStrategy stock has responded positively to the recent fundraising with the firm’s sentiment focused on buying more bitcoin. One analyst, Lark Davis, on Twitter jokingly said that he was surprised that any furniture remained at the MicroStrategy offices – “could just sell it all and buy bitcoin!”, he said. MicroStrategy CEO Michael Saylor responded to the tweet with the unamused and thinking face emojis.

Despite a wild ride this year for MicroStrategy $MSTR, the recent SEC filings seem to have resulted in positive investor feedback.| Source: $MSTR-NASDAQ on TradingView.com

Related Reading | MicroStrategy Receives Over $1.5B In Orders For $500M Notes To Fund Bitcoin Purchases

Featured image from Pixabay, Charts from TradingView.com
How Is Scalability Finally Solved by Jax.network?

Scalability is a significant aspect of every blockchain-based solution. Several blockchain networks today, including the popular Ethereum and Binance Smart Chain, struggle with scalability issues. However, Jax.Network has established sharding as the absolute solution to this age-old problem. Using precise sharding technology allows the Jax.Network blockchain to scale the network as the demand for transactions grows.

Since blockchain networks are designed to handle loads of data every second, taking 100 GB per second worth of data requires careful scalability considerations. The JaxNet protocol uses a precise sharding strategy that doesn’t involve the conventional validator nodes. The decentralized sharding strategy makes Jax.Network the most promising scalability solution today, competing with Binance Smart Chain and Ethereum.

Unlike Jax.Network, other networks have a lot of validators, and they need to manage them. However, multiple validators within a network are drawbacks to scalability. Jax.Nework solves this through sharding. Jax.Network employs a pure-state sharding solution. In other words, you don’t have to download the whole blockchain to verify one shard. As a small node, it cuts down on your storage costs. So, at any point, any user will be able to verify his account balance, which is one of the pro points.

The JaxNet approach to sharding

The sharding technique on Jax.Network allows the network to handle a theoretically unlimited number of transactions per second. This level of scalability is incredibly advanced, rivaling traditional centralized modes of payment such as Visa. But how exactly does sharding work on the network?

Essentially, each shard works independently and can be seen as parallel chains. Therefore, data is split into multiple chains that grow as the network grows. The JaxNet protocol is responsible for regulating the total number of shards created within the network. They can only be created when some network parameters are met.

Although different blockchains have various approaches to sharding, the JaxNet protocol allows any node to contribute to as many shard chains as possible. As long as a node has the right qualifications (adequate storage and bandwidth) to participate in a specific shard, the JaxNet protocol will allow it to do so. This way, the network achieves significant scalability advantages since there is no fixed number of shards in the Jax.Network blockchain. One other peculiarity is that sharding is done through a Proof-of-Work consensus algorithm, which makes it the first sharded PoW network.

How sharding solves scalability issues

So, how exactly does sharding solve the perennial scalability problem facing several blockchain networks? Well, for starters, the technology ensures that a network can scale on demand and thus handle a significant amount of transactions per second (their team is still running stress tests). This is a novel feature in a blockchain network that is currently available only on Jax.Network. Ideally, due to sharding, the platform can grow to handle unlimited online payment transactions, completing transactions up to billions of dollars of JAX coins.

This solution is ideal for a project that aims to provide a practical online payment system. Today, billions of dollars change hands daily. An appropriate online solution that can handle a large volume of these transactions needs to be decentralized, secure, and scalable.

Sharding ensures that Jax.Network can provide fast online transactions using its native stablecoin JAX. This way, users can enjoy the benefits of a decentralized value transfer ecosystem that is secure and scalable.

Conclusion

Scalability is a significant aspect of any project that aims to revolutionize the online payment industry. Jax.Network put together a unique ecosystem based on sharding and merge-mining to provide us with a scalable yet highly secure blockchain.

To learn more about JAX.Network, visit their Telegram group or Twitter. Testnet will be launched soon where miners can earn additional rewards.

Nearly 1% Of Bitcoin Supply Is Now Wrapped In Ethereum

As wrapped Bitcoin approaches 189,000 BTC, the leading form of BTC on Ethereum now makes up for nearly 1% of the total supply of the cryptocurrency.

The total supply of WBTC was only around 4,000 coins last June, and today it is 47 times that. The gigantic growth has made the token the most popular form of Bitcoin on the Ethereum blockchain.

WBTC touches the 1% mark | Source: Arcane Research

Overall, around 240,000 BTC has been tokenized into Ethereum protocols, of which 80% of the supply comprises of WBTC.

Why The Need For WBTC?

Tokenized BTC is becoming increasingly popular because the Bitcoin blockchain lacks some functionality that Ethereum does not.

As the Ethereum DeFi ecosystem is highly lucrative, it’s not surprising that investors are looking to get their hands on some of those yields.

WBTC isn’t the only BTC token on Ethereum. HBTC and RENBTC are some of the other examples. However, only WBTC is noticing such massive growth.

Below is a chart that visualizes the difference between WBTC and other tokens:

WBTC runs away from the rest | Source: Dune Analytics

As is clear from the chart, the competition of the token is largely stagnant, and drastically lesser in circulation, making up for only 20% of the total BTC supply on Ethereum.

Related Reading | Privacy Protection: The Future of DeFi

BadgerDAO

BadgerDAO is a decentralized autonomous organization that aims to build the products and infrastructure necessary to bring Bitcoin as collateral to other blockchains.

BadgerDAO has played an important part in Wrapped Bitcoin’s rise above its competition. The platform currently has $632 million in tokens locked in.

There are 13 vaults (called “setts”) in total on the website where you can deposit your tokens. A lot of these setts are liquidity pairs of WBTC and some other token. As a natural consequence, not all the value is locked under the wrapped token.

Nonetheless, there is a WBTC-only sett that is powered by Yearn Finance. The vault is now the biggest one on the platform with about $200 million tokens deposited.

Badger offers quite low price-to-earning ratio | Source: BadgerDAO

The above chart is from a BadgerDAO report that shows that they have one of the lowest price-to-earning ratios when compared to other DeFI businesses.

Related Reading | Top 10 DeFi Projects in Q2 2021

Bitcoin Price

In the past 30 days, the value of the cryptocurrency has dropped by 14%.

However, the general trend seems to have changed towards up in this past week of June so far. Below is a chart showing the variation in the cryptocurrency’s value:

BTC seems to be on a slight upward trend | Source: BTCUSD on TradingView

As per a Voyager Digital survey, 87% of the respondents plan to buy more cryptocurrency in the coming months. 7 out of 10 respondents also believe market sentiment is bullish in the next three months.

However, other investors like Rich Bernstein feel that we are looking at a bearish market.

Bitcoin Bull Trap: Bears Begin To Dig Claws Into Crypto Trend

Bitcoin price is on the rebound, but after such a sharp fall and more than 50% retracement, any reversal must be considered a potential bull trap until much higher prices are reclaimed.

Further adding credence to the theory of a potential bull trap, a trend strength indicator very clearly shows that bears are in charge, and are ready to bring out the claws if needed to swat crypto prices back into hibernation mode.

Only Up Season Is Over: Bears Now Control Bitcoin Trend

After such a strong year for bulls in 2020 and a even more powerful start to 2021, expecting “only up” in crypto isn’t uncommon. That’s exactly why the selloff in May was so severe – few saw it coming.

Technicals warned that something violent was coming, but because sentiment was so bullish the bearish signals were ignored. But technicals are rarely wrong so long as a certain set of rules are followed.

Related Reading | Bitcoin Bulls And Bears Alike Beware Of Potential Pump And Dump Fractal

For example, the Average Directional Index is a trend strength measuring tool that commonly reads alongside a Directional Movement Index. Simply put, the ADX measures the trend and the DMI says who is in favor: bulls or bears.

bitcoin ADX 3d

Trend changes are extremely clear on the three-day chart | Source: BTCUSD on TradingView.com

In the chart above, there’s no denying the bears are still fully in control of Bitcoin, despite the short-timeframe showing from bulls. Dating back to the start of the bear market, the ADX and DMI have provided reliable signals about which side of the trade is most dominant.

How To Read The ADX And DMI To Gauge Crypto Trend Strength

The chart above also shows the DMI- falling below the ADX, which is an indication that the trend is growing in strength.  Falling below a reading of 20 tends to reset a trend and signal its end.

All signs suggest that bears only now have control over the top cryptocurrency by market cap for the first time since April 2020 and aren’t likely to let go so easily.

bitcoin ADX 3d

Could there be several bullish divergences before a reversal? | Source: BTCUSD on TradingView.com

On shorter timeframes, the ADX reached a reading of 70 showing just how powerful bears have been. The trend strength matches the initial power that pushed Bitcoin to above $14,000.

Related Reading | Why Bitcoin Could Slingshot Back To Lows Before Gaining Momentum

From there and above, with each successive local high, the daily bull trend weakened until bears finally made their attack. Each divergence in the chart above shows the trend weakening in action. It also could suggest that bears might have several weakening peaks with deeper lowers before any sort of real reversal is on the table.

For now, the recent rally in Bitcoin to back above $40,000 might be little more than a bull trap set by playful bears just out of hibernation.

Featured image from iStockPhoto, Charts from TradingView.com
Bitcoin Lightning Network Sees Storm Of Activity And Adoption

Throughout the early part of this year, the Lightning Network (LN) has seen massive growth and continued adoption from the Bitcoin community. Just yesterday, Lightning Network saw it’s capacity surge to over 1500 BTC.

This uptick in activity and adoption shows that users are confident in the ability to make transactions off-chain securely through the LN. These payments are then secured on the blockchain through a two-party ledger entries.

Just this year, the Lightning Network as seen a massive growth of 42% in the number of BTC available. Plus, there are now over 12,000 nodes taking care of 45,000 payment channels. These bullish numbers are only expected to grow with the adoption of cryptocurrency as any everyday payment form.

Source: Arcane Research

Why Does BTC Need The Lightning Network?

Since it’s inception, Bitcoin has had issues with blockchain congestion and the associated higher fees during an influx of transactions. The LN aims to ease that congestions while also lowering fees for transactions.

As a 2nd layer payment protocol on Bitcoin, the Lightning Network is critical for allowing users to make microtransactions. Without the ability to make these transactions, BTC is obsolete to the common man due to higher fees and slow transaction times.

Related Reading | Interview: CEO of OKEx Jay Hao and the Lightning Network Team on Platform’s Adoption of Bitcoin Layer-2 Scalability Solution

Allowing users to make these smaller transactions is significant to the adoption of cryptocurrencies being used in our everyday lives. Ensuring transactions are near instant and completely secure is essential for crypto adoption on a worldwide scale. The scalability that the Lightning Network brings to the blockchain is pivotal to moving this technology away from being used as a traditional investment and more as a type of fiat currency.

In the last few weeks since El Salvador announced Bitcoin as legal tender, Bitrefill announced that on multiple occasions they processed over 10,000 daily transactions. This high number of transactions on the LN saved nearly 2 blocks on-chain. Thus proving that the Lightning Network is applicable to everyday transactions and helps contribute the scaling of bitcoin for use by anyone.

Will Twitter Integrate With The Lightning Network?

In another huge win for adoption of the Lightning Network, Twitter CEO Jack Dorsey last Thursday responded to a tweet asking about the it being integrated into Twitter or Bluesky, a new decentralized social media protocol being built. His response was short and sweet:

With the continued adoption of blockchain technology, the Lightning Network will be a crucial integration for everyday app users making transactions with crypto. Although there is no integration as of yet, Jack Dorsey’s answer to the question is telling.

Related Reading | Bitcoin Community Celebrates as Crucial Lightning Network Project Launches

Soon enough, apps around the world will be built with blockchain technology in mind, continually making transactions easier, faster, and more secure than ever through transaction on the Lightning Network.

Featured Image Source: Nastya Dulhiier on Unsplash
Coinbase Pro To List Shiba Inu, The “Dogecoin Killer” Price Soars

The price of the shiba inu cryptocurrency rose on Tuesday after Coinbase revealed that the meme cryptocurrency would begin trading on Coinbase Pro this week.

Coinbase To Trade Shiba Inu

Coinbase announced Tuesday that shiba inu (SHIB) crypto would begin trading on Coinbase Pro this week, after the listing of the meme cryptocurrency Dogecoin (DOGE) earlier this month. Some consider the ERC20 crypto shiba inu to be a viable alternative to Dogecoin.

Coinbase Pro users can now transfer shiba inu tokens into their accounts, according to the Nasdaq-listed business. Residents of New York, however, will not be able to use SHIB. The firm clarified:

Trading will begin on or after 9AM Pacific Time (PT) Thursday June 17, if liquidity conditions are met.

Coinbase added SHIB little more than a month after that coin’s creation, in marked contrast to its addition of dogecoin, which seemed to take doge years. This reflects a sea change in the approach of the exchange, a change announced at the time of its addition of dogecoin on June 1.

The announcement also covers chiliz (CHZ) and the keep network (KEEP). Besides dogecoin, the company recently added trading support for a number of tokens on Coinbase Pro, including polkadot (DOT), gitcoin (GTC), enzyme token (MLN), amp (AMP), and internet computer (ICP).

Shiba Inu is a meme coin similar to Dogecoin, which was inspired by a Shiba Inu meme from the 2010s. It is, however, an ERC20 token, which means it functions on the Ethereum network, unlike DOGE.

SHIB is the 17th-largest coin by market capitalization, according to Nomics, with over $9 billion—more than Stellar, Ethereum Classic, or Dai.

Shiba Inu’s anonymous founder Ryoshi (a psuedonym) made the unwise decision to send half of the token’s supply to the founder of Ethereum, Vitalik Buterin. Why? Ryoshi’s claims that he wanted to minimize Shiba Inu’s supply and increase its value.

Two days after Shiba Inu got listed on Binance, Buterin donated $1 billion worth of Shiba Inu to an India-based COVID-19 fund. Unfortunately, the token suffered as a result and tanked to painful lows.

Related article | Vitalik Buterin Dumps His SHIB, Price Tanks 30% In 1 Hour

Now that Coinbase added Shiba Inu to its list of supported cryptocurrencies, “Dogecoin killer” token holders now have renewed hope that Shiba Inu can surpass its Elon Musk-led rival to the moon.

Price Soars After Announcement

The price of the shiba inu cryptocurrency jumped over 30% around the time of the Coinbase announcement. At the time of writing, the price of SHIB is $0.0000092 and its market cap is $3.6 billion, based on data from Coinbase.

ShIB/USD currently at $0.0000092 following Coinbase news. Source: TradingView.

Trading of SHIB-USD and SHIB-USDT order books will begin in three phases, post-only, limit-only, and full trading, once adequate supply of the shiba inu cryptocurrency is established on the Coinbase Pro platform, according to the firm.

Related article | Binance Lists SHIB, Will It Become The Next DOGE?

Featured image from Pixabay, Charts from TradingView.
TA: Bitcoin Consolidates Above Support, Here’s What Could Trigger Fresh Rally

Bitcoin price is trading in a positive zone above the $40,000 level against the US Dollar. BTC is likely to start a fresh rally if it clears the $41,200 resistance zone.

  • Bitcoin remained in a positive zone above the $39,000 and $40,000 levels.
  • The price is currently well above $39,000 and the 100 hourly simple moving average.
  • There is a major contracting triangle forming with resistance near $40,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to start a fresh rally once it clears $40,650 and $41,200.

Bitcoin Price Remains Elevated

Bitcoin started a fresh increase after it broke the key $38,500 resistance zone. BTC even climbed above the $40,000 resistance zone and it settled well above the 100 hourly simple moving average.

However, the price seems to be struggling above the $41,000 level. There were two attempts to gain strength above $41,000, but the bulls failed. The recent high was formed near $41,384 before the price corrected lower. It dipped below $40,500, but the bulls were active near $39,500.

A low is formed near $39,476 and the price is now consolidating in a range. It is trading above the 23.6% Fib retracement level of the recent decline from the $41,384 high to $39,476 low.

On the upside, an immediate resistance is forming near the $40,450 level. It is near the 50% Fib retracement level of the recent decline from the $41,384 high to $39,476 low. The first major resistance is near the $40,650 level. There is also a major contracting triangle forming with resistance near $40,650 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

A clear upside break above the triangle resistance could spark bullish moves. The next resistance is near the $41,200 level. A close above $41,200 level is likely to stage a move towards the $43,500 level.

Dips Limited in BTC?

If bitcoin fails to clear the $41,200 resistance, it could start a downside correction. An initial support on the downside is near the $40,000 level.

The first major support is near the $39,80 level and the triangle lower trend line. A downside break below the triangle support could push the price towards the $38,500 support level and the 100 hourly SMA.

Technical indicators:

Hourly MACD – The MACD is likely to move back into the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still above the 50 level.

Major Support Levels – $39,800, followed by $38,500.

Major Resistance Levels – $40,650, $41,200 and $43,500.

Michael Saylor Clarifies His Company’s Bitcoin Strategy On US’s National TV

The dedication MicroStrategy’s CEO puts into Bitcoin raises questions even in the crypto sphere. Imagine how people in the traditional financial world feel. Michael Saylor joined CNBC’s “Fast Money” talk show to discuss his controversial game plan. The hosts asked though questions and the CEO answered them with ease.

What follows is a play-by-play narration of the game.

 

Of course, Saylor started by defining the intangible asset, “The world is waking up to the fact that Bitcoin is digital property on an open monetary network. And that’s pretty profound because it’s going to spread to billions of people around the planet. It’s digital gold on a big tech network.

Related Reading | Saylor Reacts To Taunts That Bitcoin Has Become The MySpace of Crypto

Some people wonder if MicroStrategy abandoned its software business. If the company is now it’s some kind of Bitcoin ETF. According to the CEO, they have two strategies and one of those is to buy Bitcoin. “MicroStrategy is the first company to do a dutch auction or share repurchase to buy Bitcoin. We’re the first company to do a convertible debt offering to buy Bitcoin. Last week, we became the first company to do a senior secured debt offering to buy Bitcoin.” 

NewsBTC already covered their latest play, and Saylor clarified that they will use the new funds, “either to buy Bitcoin, or to retire debt, or for general corporate purposes.” MicroStrategy wants to have all of its options open.

What Do MicroStrategy’s Shareholders Think?

When asked about his investor’s opinions on his obsession with Bitcoin, Saylor once again clarified the situation. Before this new chapter, MicroStrategy’s stock was trading at about $120 a share. They were a profitable company, but cash was a liability on their balance sheet. They shapeshifted, rotated their shareholders base, “and transformed ourselves into a company that’s able to sell enterprise software and to aquire and hold Bitcoin.” 

As for the results of this move, he estimates that the power of their brand increased by a factor of 100. The last quarter was the best that the software side of the company’s had in the last 10 years. The core business is up 10%. Employees and shareholders are happy.

What Does Michael Saylor Think About Inflation?

Over the past 12 months we’ve all been waiting for inflation” According to Saylor, investors say that Bitcoin is up 330% and gold is up 7% in that period. Bitcoin is outperforming gold by a factor of 50. Early Bitcoin believes like Paul Tudor Jones are doubling or tripling their allocation, “I’m surprised they’re not increasing their allocation by a factor of ten, because Bitcoin is fifty times better.”

Is Michael Saylor a Bitcoin Maximalist?

When asked about Bitcoin Maximalism and diversification, Saylor gave them a masterclass in crypto assets:

Bitcoin is the highest and most dominant digital property network. Think of it like giant blocks in cyber-Manhattan. Then you have digital currency, that’s like Tether, and stablecoins, they want to be money markets in cyberspace. They’ll be like the CBDC Dollars. Then you have digital applications, like Ethereum. Ethereum wants to dematerialize the JP Morgan buildings, and the banking stablishments, and all of the exchanges. There’s a place for all of these things if properly understood.

Even though there’s a place for every asset, “Bitcoin is made to last forever. High integrity. Very durable.” And that’s a quality you want if you’re building over it.

Microstrategy price chart for 06/16/2021 - TradingView

MicroStrategy price chart on Cboe BZX | Source: MSTR on TradingView.com

Why Buy A Share Of MicroStrategy And Not Just Buy Bitcoin?

Did anyone notice that MicroStrategy’s stock is now following Bitcoin’s rhythm on the charts? According to Saylor, his company offers two advantages. One, Microstrategy has the ability to sweep its software cash flow into Bitcoin. Two, they have the ability to raise debt financing. They can borrow a billion Dollars with zero percent interest. Your ETF will not be able to do that. 

Related Reading | Can Bears Force Michael Saylor To Sell His Bitcoin? Analyst Shared Bullish Theory

So yeah, he compared his stock to an ETF because they’re roughly in the same category. Some investors and funds just can’t buy Bitcoin. They’re able to buy MSTR and the highly anticipated Bitcoin ETF, though. 

Featured Image Glenn Carstens-Peters on Unsplash - Charts By TradingView
ABBC Foundation Strikes New Partnership with TNC Group’s Real Research

ABBC Foundation just struck a significant partnership with TNC Group’s Real Research project. Since its inception in 2017, the ABBC Foundation has achieved many important milestones so far. To keep to its mission of establishing the ‘Future of Payment Security’, the brand is happy to announce its latest achievement.

Signing this new partnership with TNC Group’s Real Research is another huge breakthrough for both companies. Thanks to this new partnership, ABBC Coins will soon be given as a Reward Coin on the Real Research platform. This means that sponsors on the Real Research platform will soon have the option to choose either TNC or ABBC to be given out as rewards.

While TNC can be bought on the Sponsor Portal through exchanges and PayPal, ABBC Coin too will soon be purchased as such. Therefore, once the purchase is confirmed, sponsors can then use ABBC Coin to be given as a reward coin to every respondent who completes answering their survey.

Real Research is a relatively new project and it already has over 3,000,000 users. Furthermore, it is still rapidly growing its user base. The platform hosts the Real Research App and the Real Research Sponsor Portal. The former is predominantly used by users who answer surveys and earn reward coins. The latter, on the other hand, is mostly used by sponsors to create and launch unique surveys set to reach their targeted demographic.

By eventually giving ABBC Coins as a Reward Coin on a popular platform such as Real Research, the ABBC team expects to see a massive boost in ABBC Coin users. This is a promising development for both parties. The ABBC team estimates that ABBC Coin will see around 100,000,000 new users within this year, thanks to this new partnership. The team is also very eager and excited to see the ABBC value increase via this expected boost in users.

Hence, the ABBC team is working relentlessly to ensure that this expected increase in users will go smoothly. The ABBC community will evidently hear more updates following this latest development. Meanwhile, the CEO of ABBC Foundation, Jason Daniel Paul Philip, believes that this partnership will bring great value to the ABBC ecosystem.

Additionally, he shared his sentiments on the partnership by saying,

“Firstly, I am most grateful towards our loyal users for receiving their unwavering support towards our project over the years. There is indeed no milestone that we cannot achieve together. I am bursting with pride to see how far the project has come and I am looking forward to seeing ABBC Foundation’s future endeavors.”

Ultimately, ABBC Foundation is ecstatic to see the fruits of this new partnership. Besides reaching its next milestone of gaining over a total of 10,000,000 ABBC Coin holders, ABBC Foundation is excited to see an increase in ABBC market value as well.