Coinbase, Microstrategy Lead Crypto Stocks Lower in Market Rout
Double-digit percentage losses were the norm across the cryptocurrency sector as the Nasdaq tumbled another 4% and bitcoin plunged to just above $30,000. Source
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MicroStrategy
Microstrategy Could Get a Margin Call if Bitcoin Drops to $21k, But the Company is Prepared
Summary: Michael Saylor’s Microstrategy could face a margin call on its debt if Bitcoin drops below $21k However, the company is prepared to add funding to their existing position Microstrategy recently secured a loan of $205 million in late March, payable monthly beginning this month till March 2025 Microstrategy now holds 129,218 Bitcoins with
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BTC price gains 4% pre-Fed as MicroStrategy vows to protect Bitcoin from $21K crash
Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBulls pin hopes on historyData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 on the evening
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MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1
The company's 129,218 bitcoins held at the end of March 31, 2022, were acquired for $3.97 billion, reflecting an average cost per bitcoin of approximately $30,700, the company reported. At bitcoin’s current price of about $37,662, the value of those holdings is approximately $4.9 billion. Source
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MicroStrategy may explore ‘future yield generation opportunities’ on 95,643 BTC holdings
Business intelligence firm MicroStrategy said it will consider opportunities for yield generation on 95,643 “unencumbered” Bitcoin (BTC) held by its subsidiary MacroStrategy.In MicroStrategy’s report for the first quarter of 2022 released on Tuesday, the firm said it “may conservatively explore future yield generation opportunities on unencumbered MacroStrategy bitcoins” as a
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MicroStrategy to Offer Workers Bitcoin Options in 401(k) Accounts via Fidelity
CEO Michael Saylor’s tweet comes the same day Fidelity said it will begin offering bitcoin investments in its 401(k) accounts later this year. Source
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Microstrategy CEO Dispels Rumor of Company Quietly Selling Bitcoin – Featured Bitcoin News
The CEO of the Nasdaq-listed company Microstrategy has dispelled the rumor that his company has been quietly selling bitcoin. He explained that as a company regulated by the Securities and Exchange Commission (SEC), changes in bitcoin holdings must be disclosed to shareholders via SEC filings. Microstrategy’s CEO Points Out Any Bitcoin
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MicroStrategy CEO: Inflation is Worse Than You Think, Bitcoin is Better Than you Know
Quick take: Microstrategy CEO has warned that inflation might be worse than we think and that Bitcoin is better than we know Michael Saylor’s comments come after CPI data for March showed that inflation in the US was at 8.5% 8.5% is the highest gain in annual inflation since 1981 (41 years) Bitcoin’s current
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Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K
Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC.Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC.Terra buys the dip... againThe move comes after a multi-day lull in buying
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MicroStrategy subsidiary adds another 4,197 BTC to balance sheet
On Tuesday, enterprise software development firm MicroStrategy announced via a filing with the U.S. Securities and Exchange Commission (SEC) that its subsidiary MacroStrategy acquired 4,197 Bitcoin (BTC) ($190.5 million) between February 15 and Tuesday.MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin.
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