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
Publicly-traded business intelligence company MicroStrategy revealed that it sold part of its bitcoin stash on December 22 for tax purposes. Although the firm later purchased more bitcoins, the sale defied its promise of never selling any portions of its BTC stash. MicroStrategy Sold BTC for Tax Benefits As reported earlier, MicroStrategy purchased 2,395 bitcoins worth...Read More
The American business intelligence corporation – MicroStrategy – bought 3,205 BTC between November 1 and December 24. The company sold 704 BTC on December 22, meaning its total holdings currently stand at 132,251 BTC. The largest BTC corporate holder – MicroStrategy – continues following its bitcoin agenda purchasing more amounts of the primary cryptocurrency. It...Read More
The prominent bitcoin bull – Michael Saylor – opined that the FTX crisis will have certain benefits on bitcoin. In his view, the turbulence will eliminate thousands of useless digital assets while the primary cryptocurrency and a “handful” of other coins will be the only survivors. ‘Bitcoin Will be the Winner’ In a recent interview...Read More
One of the leading crypto miners – Marathon Digital Holdings – recorded a net loss of $75.4 million, or $0.65 per share, during the third quarter of the year due to decreased production and the declining price of bitcoin. Still, the company rounded up its total stash to 11,285 BTC. Data shows that only the...Read More
The largest BTC corporate holder – MicroStrategy – posted a minimal impairment charge of $727,000 on its bitcoin ownings in Q3, 2022 due to the relatively stable price of the asset during that period. The company purchased additional 301 coins between July and October, rounding up its total holdings to 130,000 BTC. The Q3 Results...Read More
Prominent business intelligence and software company MicroStrategy is looking to hire a software engineer to develop a Lightning Network-based SaaS platform. This comes shortly after the firm’s former CEO – Michael Saylor – stepped down. According to its job listing, the company has advertised for a position that seeks an experienced software developer for a...Read More
The largest BTC corporate holder – MicroStrategy – has stayed true to its word by making another bitcoin purchase earlier today. The firm accumulated 301 coins at an average price below $20,000 and rounded up its entire stash to 130,000. MicroStrategy’s founder and executive chairman – Michael Saylor – took it to Twitter today to...Read More
The largest corporate bitcoin holder has filed a new filing with the US Securities and Exchange Commission that will essentially allow it to purchase more BTC for up to $500 million. The news comes as the cryptocurrency surged past the $20,000 level and jumped to a new two-week high. The filing with the securities regulator...Read More
The attorney general of the District of Columbia (DC), Karl Racine, accused Michael Saylor of failing in his tax obligations while living in DC while also alleging that his company, business intelligence giant MicroStrategy, aided Saylor’s tax avoidance. The MicroStrategy executive is one of the biggest advocates of bitcoin and has remained bullish on the...Read More
The former Chief Executive Officer of MicroStrategy – Michael Saylor – abdicated from his post and took another role at the firm. He will serve as an Executive Chairman of the Board, particularly focused on bitcoin advocacy. The news positively impacted MicroStrategy’s shares, surging by 15% within 48 hours after the announcement. Earlier this week,...Read More
Bitcoin-evangelist and billionaire Michael Saylor has stepped down as the Chief Executive Officer of MicroStrategy – one of the world’s largest corporate holders of Bitcoin. He will continue to serve the company as executive chairman of the board. The news comes as part of MicroStrategy’s Q2 2022 Financial Results Presentation, which explains that Phong Le...Read More
Jefferies analyst Brent Thill downgraded the software analytics provider to “underperform” from “hold” as the ongoing crypto shambles failed to demonstrate strong signals for a market reversal. The downgrade that categorized the stock from “hold” to “underperformance” maintained its price target at $180. Following the news and bitcoin dipping below $21,000 on Tuesday, shares of...Read More
After an exuberant risk-on rise in Bitcoin’s price Tuesday, a retracement since Wednesday wiped out most of the gains. Traders blame Tesla’s Q2 earnings report. Bitcoin prices hovered around the $20K level since mid-June. Markets are watching closely to see what bitcoin whales will do next. Tesla reported dumping 75% of its bitcoin Wednesday. As...Read More
MicroStrategy refuted rumors that it had received a margin call against its $205-million bitcoin-backed loan from Silvergate Capital, although BTC dipped below the company’s liquidation price of $21,000. The NASDAQ-listed business intelligence giant started accumulating massive portions of bitcoin nearly two years ago. Since then, it has bought nearly 130,000 BTC. Some purchases came from...Read More
Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced bitcoin as a payment method for its services. ‘Bitcoin Will Lead the World Toward a Better Future’ The Ethiopia-based Octagon Networks declared its firm support...Read More
The frantic price action in the cryptocurrency market does not seem to faze the uber-bullish billionaire CEO of tech firm MicroStrategy. Michael Saylor has yet another bold prediction for Bitcoin, even as his favorite cryptocurrency struggles to hold on to the $30,000-mark. The exec, who started to build up his Bitcoin reserve in 2020, reiterated...Read More
Prompted by the ongoing crash of the cryptocurrency market, Michael Saylor’s company – MicroStrategy – is now in a state of unrealized loss regarding its bitcoin holdings. The organization is the largest corporate holder of the primary digital asset, owning nearly 130,000 BTC. Despite the grim condition of the industry, Michael Saylor remains bullish, predicting...Read More
Michael Saylor – CEO of the software platform MicroStrategy – said investing in his company is almost like allocating funds in the still nonexistent in the USA – Bitcoin spot ETF. His organization is known as one of the most prominent BTC HODLers as it owns over $5.5 billion worth of the primary cryptocurrency. MicroStrategy...Read More
Michael Saylor, CEO of business intelligence firm MicroStrategy, believes that the financial market is not ready to have a Bitcoin-backed bond. Meanwhile, El Salvador has postponed the launch of its BTC-backed volcano bonds. Now is Not the Time for a Bitcoin-Backed Bond In a recent interview with Bloomberg, the MicroStrategy CEO, while not generally opposed...Read More
Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset? In a recent tweet, Ki Young Ju – CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long...Read More
The world’s biggest corporate bitcoin holder MicroStrategy has reported a $146 million impairment charge on its digital asset investment. MicroStrategy Loses $147 Million in an Impairment Charge The day after MicroStrategy CEO Michael Saylor announced that his company bought 660 BTC worth $25 million, the firm reported a loss of $146.6 million in an impairment...Read More
The NASDAQ-listed software giant will have a two-day virtual event to educate large businesses about the merits coming from putting BTC on their balance sheets and many more initiatives related to the cryptocurrency. Michael Saylor, MicroStrategy’s CEO and a prominent bitcoin bull, announced the event on his Twitter account on Sunday, informing that it will...Read More
