MicroStrategy boosts Bitcoin holdings with $615M purchase, eyes 1% of supply
MicroStrategy acquires 14,620 BTC for $615.7M, pushing total holdings to 189,150 BTC at $5.9B. CEO Michael Saylor remains bullish on Bitcoin, considering it the world’s most valuable asset class. The company’s proactive crypto strategy aligns with growing institutional interest, eyes 1% of Bitcoin supply. MicroStrategy (NASDAQ: MSTR), the business intelligence giant led by CEO Michael […]
MicroStrategy purchases 5,445 bitcoins as Chancer’s presale hits $2.2m
Key takeaways Bitcoin continues to trade below $26,500 despite MicroStrategy’s latest BTC purchase. Chancer’s stage two presale has now surpassed the $2.2 million mark. The cryptocurrency market began the week in a bearish mode, with prices of most coins and tokens in the red zone over the last few days. However, that hasn’t halted Chancer’s […]
Microstrategy has bought an additional 5,445 BTC
MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin. The company now holds 158,245 bitcoins acquired for a total of $4.68 billion. MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again. In crypto news shared on Monday […]
MicroStrategy narrowed its crypto-related impairment charge in Q2
MicroStrategy bought another 12,333 Bitcoin in its second quarter. The business intelligence company returned to profitability in Q2. MicroStrategy stock has roughly tripled versus the start of 2023. MicroStrategy Inc – one of the most prominent institutional holder of Bitcoin – says it returned to profitability in its second financial quarter. Its shares are still […]
Bitcoin-focused MicroStrategy stock has 22% upside – analyst says
TD Cowen analyst sees upside in MicroStrategy to $520. Lance Vitanza explained his bullish view in a research note. MicroStrategy stock has already tripled since the start of 2023. MicroStrategy Inc has already tripled since the start of this year but a TD Cowen analyst continues to see further upside in this stock. MicroStrategy stock […]
MicroStrategy better than Coinbase for crypto exposure: Berenberg
Berenberg analysts sees upside in MicroStrategy to $340. They explain their bullish view in a recent research note. Coinbase stock has a “hold” rating only at Berenberg. MicroStrategy Inc is a better pick for exposure to cryptocurrencies than Coinbase Global Inc, as per the Berenberg analysts. MicroStrategy stock has upside to $340 Mark Palmer and […]
1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense
Key Takeaways MicroStrategy has purchased another thousand Bitcoin, taking their holdings to 140,000 at an average price of $28K The total investment is now $4.2 billion, with the company’s fate tied to the Bitcoin price CEO Saylor remains ultra-bullish, but has no regard for risk management For investors, someone may as well just purchase Bitcoin […]
MicroStrategy repays Silvergate Bank loan, buy 6,455 BTC
MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor’s company currently holds more than 138,900 bitcoins. MicroStrategy, the world’s largest corporate holder of Bitcoin, has revealed it recently purchased more BTC. The business intelligence company, founded by […]
MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin
MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer, Andrew Kang, said that the company will continue trading bitcoin. […]
MicroStrategy buys another $56.4 million worth of Bitcoin
MicroStrategy reportedly bought approximately 2,500 BTC between 1 November and 24 December, 2022. The company now holds 132,500 BTC acquired for approximately $4.03 billion. MicroStrategy did however sell 704 BTC for $11.8 million on 22 December for what it termed as tax benefits. MicroStrategy, a publicly traded company that’s the world’s largest corporate holder of […]