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The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries.The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than
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Quick take:Microstrategy held a conference to share their Bitcoin playbook with other global companiesThe event attracted 8,197 attendees from 6,917 enterprisesAll sessions of the conference, including Microstrategy’s Bitcoin playbook, are available for free onlineMicroStrategy’s stock price continues to flourish as a result of adding Bitcoin to its treasuryOn the 3rd
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Three stories1. Mining firms are benefiting from the market rally. California’s $441 billion public pension fund increased its stake in bitcoin miner Riot Blockchain (RIOT) nearly sevenfold while Ethereum miners are cranking out record revenue.California Public Employees' Retirement System (CalPERS), the largest public pension in the U.S., held 113,034 shares
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Leading global business intelligence firm MicroStrategy is hosting an online seminar this week to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves.A Feb. 3 tweet from MicroStrategy CEO, Michael Saylor, said that representatives of more than 1,400 firms have already signed up for
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Quick summary:Microstrategy’s stock price has increased by 339% since the company started adding Bitcoin to its treasuryBitcoin has gained by 216% in the same time period with the Nasdaq gaining 19.5%Institutional interest in Bitcoin is growing with 1.216 Million BTC now owned by private and publicly trading companiesCurrent Bitcoin prices
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No matter how it looks, swims or quacks, if the law says it ain’t a duck, then it ain’t one – The Michael Saylor Guide to Waterfowl Identification.No, to our knowledge, Saylor, CEO of business intelligence firm MicroStrategy, has not written any such guide. However, if he did so, one
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MicroStrategy announced Friday it raised $650 million, up from a recently boosted $550 million, in a convertible senior note sale designed to allow the business intelligence company to buy more bitcoin.The company estimates $634.9 million of that sum – the net proceeds – will be available for bitcoin allocations in
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Bitcoin price is making an attempt to get back over $18,000 after it flirted with the mid-$17,000 range
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Coinbase, the United States’ largest cryptocurrency exchange, announced that itfacilitated one of the largest institutional Bitcoin (BTC) purchases in 2020.According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s $425 million purchase of Bitcoin in September 2020.Brett Tejpaul, head of institutional sales at Coinbase, provided
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Earlier this year, business intelligence giant MicroStrategy put $425 million of its treasury funds into Bitcoin (BTC). The move was largely seen as a big step in the right direction for mainstream Bitcoin adoption. MicroStrategy, with its CEO and founder Michael Saylor — a Bitcoin skeptic-turned bull — may not
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