Cryptocurrency Analysis and News Portal
Rising bitcoin prices mean a stronger balance sheet, higher stock prices and easier debt repayment, without the company needing to sell its holdings, the report said. Source
Read More
The Bitcoin (BTC) Lightning Network has integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of business intelligence software firm MicroStrategy.In an April 17 tweet, the former chief executive of the firm shared a screenshot with his 3 million Twitter followers of a few transactions
Read More
The Lightning Address protocol allows users to send bitcoin over the Lightning Network to a wallet identifier resembling a conventional email address. Source
Read More
Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys Another Batch of Bitcoins Microstrategy has begun acquiring bitcoin (BTC) again, after
Read More
Bitcoin’s recent hike has brought MicroStrategy’s Bitcoin bet closer to profitability again. Under Michael Saylor, the IT firm spent over $4 billion to acquire more than 138,900 BTC over three years. The Bitcoins were purchased for an average price of $29,817, just $1500 more than its current price. The company’s share price has
Read More
Already a bull on MicroStrategy, Canaccord Genuity upped its price target on the stock to $400 from $372 following the news. "We believe the company's relatively conservative strategy of keeping most of its holdings unencumbered has been prudent," wrote analyst Joseph Vafi and team. "Institutional investors are continuing to work
Read More
It’s a question that was asked earlier this year on the company's first-quarter earnings call (with bitcoin at about $30,000), and then-outgoing Chief Financial Officer Phong Le suggested a price at or below $21,000 could serve as a trigger point for a margin call. Saylor, however, was quick to clarify
Read More
Since MicroStrategy’s pivot to Bitcoin, the company has managed to accumulate 130,000 Bitcoins, worth just over $3.406 Billion at current rates.MicroStrategy’s Bitcoin acquisition was financed through multiple debts and bond offerings.Bitcoin’s dip to $18,300 on 13 October may have temporarily jeopardized the company’s financial health.MicroStrategy’s first debt repayment is due
Read More
“The advantage of Lightning is not just that you could scale up bitcoin for billions of people, or drive the transaction cost to nearly nothing, but also, the ethos of bitcoin is to go very carefully and not move fast on the base layer without the universal consensus, but in
Read More
Key takeaways: Michael Saylor has explained that MicroStrategy’s Bitcoin strategy factors in crypto market volatility. He also added that MicroStrategy’s balance sheet is structured so that the company can continue to hold BTC through adversity. Mr. Saylor’s comments come in the wake of Bitcoin slipping below the magic $21k price level that has
Read More