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MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty.As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash to do so. This puts the
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Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000. At press time, bitcoin’s price is above 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians. “On
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The firm has already bought 70,784 bitcoin, an amount now worth around $3.6 billion. Source
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Bitcoin briefly surged above $50,000 on Tuesday after MicroStrategy announced that it would offer $600 million worth of convertible senior unsecured notes expiring on February 15, 2027, to purchase more of the flagship cryptocurrency. “MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, within
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MicroStrategy is moving to assemble a blockchain analytics team. It would be the first bitcoin-related software product from a company best known for CEO Michael Saylor’s whopping bet on BTC as a reserve asset.The firm, based in Tysons Corner, Va., put out calls on LinkedIn Friday for a Blockchain Data
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To promote Bitcoin to companies, NASDAQ listed MicroStrategy hosted the Bitcoin for Corporations virtual interactive seminar yesterday. The purpose of the event is to share advice on how companies can buy BTC as a treasury strategy. According to MicroStrategy CEO Michael Saylor, the first day was a resounding success, with over
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Michael Saylor, the MicroStrategy CEO-turned-king of bitcoin treasuries, called upon fellow business executives Wednesday to avoid the path of financial “serfdom” at his virtual WORLD.NOW bitcoin-themed conference.In his solo address, Saylor detailed the cryptocurrency playbook that propelled his three-decade-old data firm to newfound relevance in less than a year.Largely eschewing
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MicroStrategy (MSTR) CEO Michael Saylor pledged to keep pouring the business intelligence company’s excess cash into bitcoin Thursday, telling investors his team will also “explore various approaches” for additional buys. “Going forward, we continue to plan to hold our bitcoin and invest additional excess cash flows in bitcoin. Additionally,
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"Not owning any Bitcoin has been a massive mistake, and we expect that will continue to be true," the famed value investor wrote to clients. Source
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Morgan Stanley now owns 792,627 shares of MicroStrategy, bringing its total ownership in the company best known for holding over $2 billion in bitcoin to 10.9%, according to a filing made with the U.S. Securities and Exchange Commission.This story is developing and will be updated. Source
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