MicroStrategy founder Michael Saylor has sold up to 370,000 shares of his brainchild over the past four months. This follows his entry into a stock-sale agreement with the company last year. Under the agreement, he has the authorization to unload up to 400,000 shares until April of this year. Saylor to Offload 400,000 Shares Michael...Read More
Following in the footsteps of Michael Saylor, yet another publicly traded company has decided to make Bitcoin its savings vehicle of choice. Metaplanet, an investment and consulting company listed on the Tokyo Stock Exchange, announced on Monday that it has purchased 1 billion JPY ($6.5 million USD) worth of Bitcoin for its corporate treasury. Metaplanet’s...Read More
Kerrisdale Capital has argued in a recent report that MicroStrategy’s shares have become overvalued. “We are long Bitcoin and short shares of MicroStrategy, a proxy for Bitcoin which trades at an unjustifiable premium to the digital asset that drives its value,” the company stated. MicroStrategy’s shares witnessed a notable 14% decline on Thursday following the...Read More
Crypto industry veterans and investors are debating whether Bitcoin (BTC) or MicroStrategy (MSTR) is a better buy following several weeks of stellar performance for both assets. Since the start of the year, Bitcoin has rallied 54% on the back of massive demand for newly launched Bitcoin ETFs, whose shares have appreciated at the same rate...Read More
MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has announced another senior note offering for $500 million, with which proceeds will be used to purchase even more Bitcoin. At current prices, the next purchase is expected to take the company’s holdings beyond 210,000 coins – over 1% of the entire Bitcoin supply that will...Read More
Business intelligence firm MicroStrategy has completed a $800 million fundraising effort to purchase additional Bitcoin (BTC). The company also used some excess cash and acquired 12,000 BTC, with its total holdings now well above 200,000 BTC. MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477...Read More
In a recent interview with Bloomberg Television’s Katie Greifeld, Saylor said, “I’m going to be buying the top forever. Bitcoin is the exit strategy. It is the strongest asset.” As Bitcoin’s price soared around the $65K mark and near its previous record high, it may pull back some to correct. But most analysts like Galaxy...Read More
Michael Saylor, the co-founder of MicroStrategy, has seen a significant increase in his personal wealth, with an approximate gain of $700 million following a three-day surge in the company’s stock and Bitcoin prices. This comes as MicroStrategy recently increased its Bitcoin holding by 3,000 BTC, taking the total of its holdings to 193,000 BTC. Saylor’s...Read More
With a total of 190,000 Bitcoins, MicroStrategy’s investment in BTC has surpassed $10 billion. The milestone came after BTC broke above $50k, underpinning the company’s strong belief in the asset’s long-term value and its role as a hedge against inflation. Since entering the bitcoin market in August 2020, MicroStrategy now holds over 190,000 BTCs worth...Read More
Michael Saylor, MicroStrategy’s co-founder and executive chairman, said in a recent interview that the demand for Bitcoin coming from the recently listed spot Bitcoin exchange-traded funds (ETFs) is tenfold the supply available from natural sellers, who are miners. Saylor believes the ETFs are supporting the surge in the Bitcoin price since there is an imbalance...Read More
Nine newly launched spot Bitcoin ETFs have collectively accumulated 216,309 Bitcoins (worth $10.3 billion) in just 21 days after launching. According to HODL15Capital, the Bitcoin collection now surpasses the holdings of MicroStrategy, which owns 190,000 BTC, having begun accumulating portions of the asset in August 2020. Bitcoin ETFs Accumulate Substantial Holdings The ETFs, BlackRock (IBIT),...Read More
Bitcoin-bullish software company MicroStrategy (MSTR) increased its Bitcoin position again in January, bringing its total holdings to an even 190,000 BTC. Michael Saylor, the executive chairman of the company, said on Tuesday that the company acquired another 850 BTC in January for $37.2 million. That’s an average price of $43,764, slightly above today’s trading price...Read More
If you’re thinking about buying Bitcoin (BTC), think again: savvy investors are starting to consider MicroStrategy (MSTR) a far more appetizing trade. In a series of posts to X this week, Blockstream CEO Adam Back has argued that shares in the Bitcoin-bullish software business are trading at a massive discount relative to their underlying BTC...Read More
Michael Saylor, the founder and former CEO of enterprise software firm MicroStrategy, is selling $216 million worth of MSTR stock from his personal holdings. In contrast, the Bitcoin supporter has not informed that he will be disposing of any of his BTC stash. Stock Value Nearly Quadrupled YoY Microstrategy has famously bought Bitcoin whenever possible,...Read More
There’s no stopping MicroStrategy as it continues its accumulation of Bitcoin. In the latest development, the Michael Saylor-founded software developer is concluding 2023 with a strategic move, acquiring 14,620 Bitcoins for approximately $615.7 million at an average price of $42,110 per Bitcoin. As of December 26, 2023, MicroStrategy – which has established itself as the...Read More
Michael Saylor, a renowned Bitcoin advocate, has declared the potential approval of a spot BTC exchange-traded fund (ETF) as possibly the most significant development on Wall Street in the last three decades. Speaking with Bloomberg on December 19, Saylor compared this event to the historic creation of the S&P 500 ETF, highlighting its transformative potential...Read More
MicroStrategy, the NASDAQ-listed business intelligence software giant that made waves over three years ago with its pro-Bitcoin strategy, has gone on another buying spree. The firm’s former CEO and founder – Michael Saylor – outlined the latest BTC purchase, which was worth nearly $600 million. Saylor asserted that the company he founded over three decades...Read More
Major business intelligence company MicroStrategy continues to accumulate more bitcoin, as it just announced an additional 155 BTC purchase for over $5 million in October. The firm, which remains the largest corporate bitcoin holder in the world, currently holds 158,400 BTC. MicroStrategy’s former CEO and bitcoin proponent Michael Saylor announced the October purchase on X,...Read More
The world’s largest corporate bitcoin holder – MicroStrategy – has reinstated its BTC-buying policy and has spent another $150 million to acquire just under 5,500 BTC. Nevertheless, the company’s entire bitcoin position is still underwater, at least theoretically, as the asset’s price struggles at $26,000. Michael Saylor – MicroStrategy’s founder and former CEO – announced...Read More
MicroStrategy’s co-founder and executive chairman, Michael Saylor, who served as the company’s former CEO for over 30 years, continues to remain bullish on bitcoin three years after his publicly-traded business intelligence company decided to make its first BTC purchase. Saylor has also made big price predictions for the asset, believing its value could exceed $1...Read More
Bitcoin (BTC) whale MicroStrategy announced on Tuesday that it has gobbled up another 420 BTC since its last announcement in June. This brings the company’s total holdings up to 152,800 BTC worth $4.46 billion. According to MicroStrategy’s Q2 earnings report, the firm’s 12,800 BTC acquired since Q1 was acquired for $28,233 per coin – below...Read More
MicroStrategy is the world’s largest corporate holder of Bitcoin. The company is currently holding a whopping 152,333 BTC, worth over $4.6 billion at current prices. One of the most commonly discussed points by crypto traders and investors alike is whether the company has a liquidation threshold and if it will ever have to sell BTC....Read More
MicroStrategy – the company spearheaded by one of Bitcoin’s most vocal and influential proponents Michael Saylor – has bought some $350 million worth of BTC. Michael Saylor broke the news on Twitter. MicroStrategy has acquired an additional 12,333 BTC for $347 million at an average price of $28,136 per Bitcoin. As of 06/27/2023, MicroStrategy hodls...Read More
Business intelligence company MicroStrategy is doubling down efforts on bringing Bitcoin layer 2 scaling solution – Lightning Network – capabilities this year. Its executive chairman Michael Saylor shared an update notifying that the company is working on a product aimed at delivering a Bitcoin wallet and Lightning address to every corporate account holder. The main...Read More
MicroStrategy, an Enterprise Business Intelligence (BI) platform that provides software, cloud computing, and other services to a wide array of clients, also happens to be one of the world’s largest Bitcoin holders, with approximately 140k Bitcoin in reserves. Out-competing by HODLing The decision to purchase Bitcoin in bulk was made by then-CEO Michael Saylor in...Read More
MicroStrategy, the Michael Saylor-founded business intelligence giant, which is also the largest corporate holder of bitcoin, made another notable purchase ($29.3 million worth of the asset). It helped the company to round up its massive BTC stash to 140,000. After several months of keeping relatively quiet when the cryptocurrency’s price was struggling below $20,000, the...Read More
The world’s largest corporate holder of bitcoin has resumed its accumulation spree after three months on the sidelines. Additionally, the Michael Saylor-founder business intelligence giant has repaid its Bitcoin-collateralized loan to Silvegate at a substantial discount. The former company CEO took it to Twitter on March 27 to announce the latest bitcoin purchase from his...Read More
The Superior Court of the District of Columbia has dismissed a civil complaint against American business intelligence company MicroStrategy, which alleged that the firm helped its co-founder Michael Saylor evade income tax payments. According to a recent filing, Saylor and MicroStrategy filed a motion to dismiss the complaint in October, and the court ruled in...Read More
American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio. According to a Bloomberg report, MicroStrategy recorded a net loss of $249.7 million, narrowed down to $21.93 a share, in Q4 2022. The firm’s revenue declined by 1.5% to $132.6 million, going lower than the estimated drop....Read More
Group One – a proprietary trading firm – has purchased options to buy 1.3 million shares of MicroStrategy (MSTR) worth $240 million, per a recent Securities and Exchange Commission (SEC) filing. As reported by Bloomberg on Tuesday, the purchase would account for a 13.5% stake in MicroStrategy, whose executive chairman is the Bitcoin booster, Michael...Read More
