MicroStrategy Buys 1,914 More Bitcoins 馃洅

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ROI Overload is a daily radio show/video podcast show focused on the latest in trending topics in business, tech, finance and startups hosted by Scott D. Clary (@scottdclary).

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Welcome to Roy Overload daily business, tech and finance news. I'm Scott Declare. This is what's making news today. Micro strategy just bought one thousand, nine hundred and fourteen more bitcoin. The nanotechnology start up voyant photonics raises fifteen point four million dollars in a series a funding round China December. Manufacturing activity continues to grow and it's beating expectations. And Tesla recalls over four hundred and seventy five thousand cars to fix a safety defects. Let's jump right into it. So first story of the day micro strategy. This is a US based intelligence company. They've just purchased an additional one thousand, one hundred ninety four Bitcoin, worth ninety four point two million dollars. Micro strategy is one of the largest supports of buying and holding bitcoin. It's said to have accumulated these bitcoins in their holdings between December ninth and December twenty nine of this year. Company CEO, Michael Sailor announcing a tweet saying micro strategy has purchased an additional...

...one thousand nine hundred fourteen bitcoin for ninety four point two million in cash. At an average price of forty nine thousand two hundred and twenty nine dollars per bitcoin. As of twelve and one thousand nine hundred and twenty one, we hashtag hotel one hundred, one hundred thousand twenty four, three hundred ninet one bitcoin acquired for three point seven five billion dollars, at an average price of thirty thousand, one hundred and fifty nine dollars per bitcoin. Micro Strategy adopted. Bitcoin is the reserve asset in August of two thousand and twenty, by making its first investment of over to it, or of two hundred and fifty million dollars, and since then the company is invested over three point seven billion dollars to buy bitcoin in different purchases, using the company's cash on hand as well as other funds. Company has made more than two point one billion dollars in gains since its initial purchase in August of two thousand and twenty, and CEO Saylor says that his company will add more bitcoin to its stockpile in years to come. The nanotechnology start up voyant photonics just raised fifteen point four million dollars in a series a funding round. So voyant photonics raise fifteen point four...

...million in a series a. The round was led by up partners and also saw participation from previous investors, ldv capital and contour ventures. Found in two thousand and eighteen by Chris Fair and Steven Miller, voyant photonics is creating a new category of lidar sensors for machine perception. A company creates thephisticated optical systems optimized for FMCW LIDAR using low cost semiconductor chips. The US based company uses scalable and commercially available semiconductor fabrication processes to combine thousands of optical and electrical components into a single chip. With this process, of company mass produces a light oar system similar to the computer chip manufacturing process. The cutting a technology of voyant will make voyant lighter and omnipresent technology for Murcer machine perception. Currently, the company is in plans to make about two hundred units for its partners in the next year and in two thousand and twenty three they will start taking commercial...

...orders. VOYANT plans to use a new funds to move towards production by placing its development kits in the hands of their partner, China. December, manufacturing activity continues to grow, and it's beating expectations. So China's factory activity surprisingly grew again in the month of December, according to official data published on December thirty. Data from the National Bureau of Statistics, or NBS, shows that the official manufacturing PMI increased marginally to fifty point three in December, up from fifty point one in November. The PMI, which is an important metric used to measure the manufacturing activity in China, showed a slight increase of zero point two percentage points from last months reading, beating the expectations of analysts, who had largely anticipated a slight decline. China's PMI datap plying to below the fifty point mark for two months in September and October, mainly due to a power crisis. However, the factory activity started rising again in November after seven months of downfall due to high raw material prices and power shortages. On the other...

...hand, the service sector rose slightly at a quicker pace in December, increasing to fifty two point seven from November's fifty two point three, an increase of zero point four percentage points. From the previous month. Overall, the official composite PMI includes manufacturing and services, activity stood at fifty two point two and remain unaltered from November. Tesla just recalled four hundred and seventy five thousand cars. So the electric vehicle maker Tesla is recalling more than four hundred and seventy five thousand cars to address potential issues in its rearview camera and trunk latching systems that increase the risk of accidents. Companies recalling three hundred fifty six thousand, three hundred and nine of its two thousand and seventeen to two thousand and twenty model three vehicles to address rearview camera issues, and about one hundred nineteen thousand and nine of its model s vehicles due to front hood problems, according to data submitted to the National Highway Trade Traffic Safety Administration, or NHTSA. In the case of the model three units, the opening and closing of the trunk...

...may damage the cable harness attaching the rearview camera, leading to the camera to suddenly fail. Meanwhile, in the model as, the Front Hood Latch issues may cause a trunk to open without any warning and they block the drivers a visibility, increasing the potential risk of an accident. The company estimates that only one percent of Tesla model three vehicles may display the the defect, as compared to fourteen percent of its recalled model s vehicles. Since both of the issues increase the chance of a crash, company will examine them and the recalled units and make any necessary repairs and no additional cost to the owners. And in other news from around the Internet, Dow Treasuries Grew Forty Times in two thousand and twenty one according to the data from the doostats platform deep Dow, the total combined value of assets under management or treasuries for the Dow Treasuries listed on the platform surge around forty x between January and September of this year. The data also shows the total assets under management for Dow Treasuries rose from three hundred eighty million in January to about sixteen billion in mid September. And New York...

City orders a hundred and eighty four electric Ford Mustang mock es. Has So New York City has said that it is placed an order for a hundred eighty four fully electric Ford Mustang Mock Es. The vehicles which are set to be used by law enforcement and emergency response workers, will be delivered by June of two thousand and twenty two. anyways, that's it for today. Hope you enjoyed you fund value in this. Share this with one other person. They can go subscribe for daily business, Tech and Finance News and newsletter dot Roy overloadcom. Have a great day. I'll.

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