MicroStrategy Plans $400M Raise; Net Proceeds Will Fund More Bitcoin Buys
MicroStrategy is turning to investors to fund up to $400 million more in bitcoin purchases. Source
Read MoreMicroStrategy is turning to investors to fund up to $400 million more in bitcoin purchases. Source
Read MoreMicroStrategy's share prices have increased over 170% since the company first announced its interest in bitcoin in July. Source
Read MoreQuick take:Microstrategy CEO, Michael Saylor, has compared Bitcoin to a dragon that will eventually eat the Kingdom of GoldHis comments were in response to the CIO of BlackRock, talking about Bitcoin eventually replacing Gold as a store of value and a choice of investment amongst MillenialsBitcoin devouring Gold’s market cap
Read MoreMicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services. Exactly what those services might be, when they would come online and how they would be monetized are still open questions. But in a Nov. 16 conference
Read MoreMicroStrategy’s headline-grabbing bitcoin bet was a rational response to a macroeconomy in chaos, said Chief Executive Michael Saylor.Appearing Tuesday at CryptoX’s Bitcoin for Advisors virtual conference, Saylor shed new light on one of this year’s biggest cryptocurrency stories: his software company’s recent purchases of $425 million in bitcoin. That surprise September
Read MoreMicroStrategy CEO Michael Saylor strongly criticized widely distributed bitcoin markets data as “garbage” and said it severely misrepresents of his own experience with the market’s real liquidity after investing in bitcoin. In a live interview Tuesday with Hedgeye CEO Keith McCullough, Saylor said bitcoin volume is being reported at a wildly
Read MoreMicroStrategy CEO Michael Saylor has directly addressed concerns that he will dump Bitcoin at the first opportunity. In a
Read MoreThe COVD-19 pandemic and its accompanying monetary policy have caused a surge in demand for bitcoin, and now companies are eying “digital gold” to protect their treasuries from cash depreciation. Announced Monday, bitcoin financial services firm Unchained Capital has released an “advanced business account” specifically targeting firms that not only want
Read MoreMicroStrategy’s decision to use Bitcoin as its primary reserve currency has Michael Saylor seemingly favoring the asset over altcoins.In a Sept. 20 tweet, the business intelligence company’s CEO stated that he considers Bitcoin (BTC) to be a crypto asset network, unlike tokens like Ethereum (ETH) or stablecoins, which he referred
Read MoreThe CEO of publicly traded MicroStrategy (MSTR) shares why he started to feel like he was “sitting on a 500-lb block of ice” and how he came to bitcoin as a solution. MicroStrategy made waves when it announced in early August it was moving $500,000,000 in treasury reserves out of cash.
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