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Per a filing with the Securities and Exchange Commission released on Jan. 8, investment bank Morgan Stanley had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment represents a 10.9% stake in a firm that has made massive investments in Bitcoin over the past several months. The purchase apparently happened on
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Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per BitcoinCEO Michael Saylor tweeted the news immediately following a pullback in price to $22,247, although it is unclear whether the acquisition
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However, at the current moment, there is no indication whether Elon Musk will take the MicroStrategy BTC investment advice.There was a conversation among top Twitter icons over the weekend that featured Michael Saylor, the Chief Executive Officer of MicroStrategy Incorporated (NASDAQ: MSTR) offering to share his Bitcoin (BTC) investment playbook with
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Bitcoin is pushing higher after plunging as low as $17,600 late last week. The price of the leading
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The senior convertible notes offerings from MicroStrategy come off as a short to medium-term investment offering as the maturity of the notes is slated for December 15, 2025, with the first payout billed for June 15, 2021.The push from business intelligence and mobile software development company MicroStrategy Incorporated (NASDAQ: MSTR)
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Bitso raised $62 million to expand its Latin American footprint. One of the world’s oldest banks will issue a euro stablecoin on the Stellar blockchain. Elliptic, a blockchain analytics firm, found 13% of the proceeds from crime involving bitcoin travel through “privacy wallets.”Top shelfCornered market?Latin American crypto exchange Bitso has
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Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts.The CEO of MicroStrategy and Giga Chad himself announced MicroStrategy would be offering $400 million in convertible bonds with the intent to purchase more bitcoin. On this episode, NLW looks at the community’s reaction,
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Citi analyst Tyler Radke lowered his recommendation on MicroStrategy to “sell” from “neutral,” warning investors in a Tuesday research note that the company’s recent bitcoin euphoria may be overextended, according to SeekingAlpha.Radke cited CEO Michael Saylor’s “disproportionate focus” on bitcoin as a potentially troubling trend for the business intelligence company.
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Shares of MicroStrategy fell on Tuesday after Citibank reportedly downgraded the business intelligence firm over its “disproportionate” Bitcoin focus. Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says CEO Michael Saylor’s “disproportionate focus on
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The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin.On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt security that can be converted into the issuing company’s
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