Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge
Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter. Source
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Michael Schumacher’s family to pursue legal action over AI interview
A German magazine has used artificial intelligence (AI) to simulate an interview with former Formula One driver Michael Schumacher and now his family said they’ll pursue legal action over the matter.The German magazine Die Aktuelle released on April 14 promised “the first interview!” with Schumacher since he suffered a serious
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‘Big Short’ Investor Michael Burry Says He Was Wrong to Advise Selling; Congratulates ‘BTFD Generation’ – Economics Bitcoin News
Famed “Big Short” investor Michael Burry tweeted Thursday, telling his 1.4 million followers, “I was wrong to say sell.” The tweet follows Burry’s warning for months that the U.S. was headed for an “extended multi-year recession” and his decision to dump all of his stocks but one in August 2022. Burry:
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Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC
MicroStrategy, a business intelligence firm and a major Bitcoin (BTC) investor, is acquiring more BTC amid the recent cryptocurrency market recovery.MicroStrategy co-founder and former CEO Michael Saylor took to Twitter on March 27 to announce that the firm has repaid its $205 million loan to Silvergate.Citing a form 8-K filing
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Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming – Economics Bitcoin News
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made this
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Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing
The Office of the Attorney General for the District of Columbia in the United States is moving forward on a lawsuit against business intelligence firm MicroStrategy executive chair Michael Saylor related to tax evasion.According to a Feb. 28 filing with the U.S. Securities and Exchange Commission, MicroStrategy said the court
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MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims
The court did dismiss claims against the company and Saylor that they conspired to violate D.C.’s False Claims Act. Source
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Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease – Bitcoin News
While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past
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Charlie Munger Hasn’t Taken the Time to Study Bitcoin: MicroStrategy’s Michael Saylor
Already a bull on MicroStrategy, Canaccord Genuity upped its price target on the stock to $400 from $372 following the news. "We believe the company's relatively conservative strategy of keeping most of its holdings unencumbered has been prudent," wrote analyst Joseph Vafi and team. "Institutional investors are continuing to work
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‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’ – Economics Bitcoin News
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.” Michael Burry’s 2023 Economic Predictions Famous investor and founder of investment firm Scion
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