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Brazil’s Bolsonaro ends silence after elections via Reuters

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© Reuters. FILE PHOTO: Brazilian President Jair Bolsonaro takes a look during the Changing of the Presidential Guard ceremony at the Planalto Palace in Brasilia, Brazil on December 16, 2021. REUTERS/Adriano Machado/File Photo/File Photo

BRASILIA (Reuters) – Brazilian President Jair Bolsonaro broke his silence on Friday for the first time since his election defeat on Oct. 30, speaking to supporters calling for a military coup to prevent leftist-elect Luiz Inacio Lula da Silva from taking office.

Bolsonaro said he was silent for about 40 days, adding, “It hurts me.”

Bolsonaro told his supporters at the gates of the presidential residence: “Who decides where I go you? Who decides in which direction the armed forces will go?”

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In his cryptic comments, Bolsonaro did not endorse their call for military intervention, but said the armed forces would respect Brazil’s constitution.

He did not recognize Lula’s victory in the October elections, and his silence encouraged his supporters to continue the demonstrations outside the army bases.

On Monday, Brazil’s national electoral authority will certify Lula’s narrow victory over Bolsonaro.

Bolsonaro told his supporters that the armed forces are Brazil’s bulwark to prevent socialism in the country, adding that “nothing is lost” and their cause will one day prevail.

“The armed forces are united. They owe loyalty to our people, respect for the constitution and they are responsible for our freedom,” he said.

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“Unlike the others, we will win,” he said.

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.