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The price of bitcoin on Sunday bounced as high as $22,600 on the news. It's currently pulled back a bit to $22,100. Among stock movers this morning, MicroStrategy (MSTR) is higher by 5.6%. Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) are up 5.5% and 2.6%, respectively. Crypto exchange
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Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank.The news comes after Silvergate announced on March 1 that it would postpone the filing of its annual 10-K financial report, which has many fearing the cryptocurrency bank
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MacroStrategy, MicroStrategy’s subsidiary that handles its bitcoin purchases and holdings, received a $205 million loan from Silvergate Bank in March 2022 through its Silvergate Exchange Network (SEN) Leverage program. The loan is due in the first quarter of 2025 and that timing will not change, the company wrote in its
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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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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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The company in September issued a prospectus for the sale of up to $500 million in common stock. Source
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High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor. In a Feb. 3 interview on CNBC’s Squawk on the Street, Saylor opined on potentia incoming United States crypto regulation after the bankruptcy
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Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin (BTC) holdings in 2022 but says it has no plans to stop trading the digital asset.MicroStrategy released its 2022 Q4 and year-end earnings on Feb. 2 showing the recorded impairment charges on its BTC
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Speaking on the earnings call, Executive Chairman Michael Saylor said that though bitcoin has gone through a very rough stretch, the performance of MicroStrategy stock since the company began buying bitcoin in August 2020 is better than the major indices and mega-cap tech monopolies Google, Apple, Microsoft, and Amazon. Source
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The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023.The share price of Coinbase fell as low as $31.95 on Jan.
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