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With Bitcoin gathering some decent gains since the new year, MicroStrategy saw its shares climb 34.21%.According to a filing with the Securities and Exchange Commission (SEC), proprietary trading firm Group One has acquired options to buy 1.3 million shares of MicroStrategy (NASDAQ: MSTR). Group One presents itself as a market maker in US
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The owner of more roughly 132,500 bitcoin (BTC), MicroStrategy is sometimes considered a bitcoin proxy, allowing traders – who for regulatory or other reasons cannot or don't want to own it – to place bets on the crypto's direction. MSTR suffered along with bitcoin in 2022, its stock plunging more
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Outside of the lending activities, Silvergate also has high flying crypto firms as corporate banking customers through its Silvergate Exchange Network (SEN) Leverage program, which issues U.S. dollar loans using bitcoin as collateral. Some of the companies in the SEN network include Coinbase (COIN), the now-defunct FTX, Paxos, Crypto.com, Gemini,
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Business intelligence firm MicroStrategy made headlines ahead of New Year's Eve as the sale of a portion of its Bitcoin (BTC) holdings drew the attention of industry experts and critics.A regulatory filing with the United States Securities and Exchange Commission (SEC) on Dec. 28 detailed the first time the firm
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MicroStrategy saw its shares plummet to their lowest level for more than two years after a recent BTC filing.Shares of MicroStrategy Inc (NASDAQ: MSTR) recently hit their lowest level since August 2020 following its first-ever Bitcoin sale. MicroStrategy’s stock dropped 1.1% to $136.63 Thursday and is at a 75% drawdown
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Citing the speed of transactions on the Lightning network, Saylor noted the delays associated with using credit cards for such a transaction would not affect the Lightning network.Co-founder and former CEO of MicroStrategy Michael Saylor has revealed the firm’s plans to release enterprise plugins on Lightning Network in 2023. Saylor made
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Software analytics company MicroStrategy recently added more Bitcoin (BTC) to the firm’s holdings. Members of the crypto community had mixed reactions to the move. In a recent tweet, MicroStrategy’s executive chairman Michael Saylor announced that the firm had made another Bitcoin purchase. The move puts the firm’s total BTC holdings at
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MicroStrategy executive chairman Michael Saylor has shared his firm’s plans to release Bitcoin Lightning Network-powered software and solutions in 2023.In a recent Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that utilize the Lightning Network, such as solutions that “support” enterprise marketing as
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Microstrategy is now holding approximately 132,500 bitcoin following its most recent purchases. This year, the world’s largest cryptocurrency has emerged as “the institutional-grade digital asset,” said Microstrategy founder Michael Saylor. Microstrategy Acquires More Bitcoin Nasdaq-listed Microstrategy Inc. announced Wednesday that it has purchased more bitcoin for its corporate treasury. Michael Saylor, the
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A close look at the regulatory filing shared by the firm showed that it offloaded a total of 704 Bitcoin units worth approximately $11.8 million.The most Bitcoin (BTC) bullish Wall Street company in the world, MicroStrategy Incorporated (NASDAQ: MSTR) has announced it has increased its Bitcoin holdings by exactly 2,395
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