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Search Results for: michael saylor

Ault Alliance to Begin Holding Bitcoin on Its Balance Sheet, Marking Change in Financial Strategy

Current Bitcoin Mining Operations Annual Run Rate of Approximately $83 Million LAS VEGAS–(BUSINESS WIRE)–$AGREE #151_Bitcoin_Mined_December_2023—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that the Company has decided that it will start holding up to 20 percent and minimum of five percent

January 10, 2024 4 mins read

Bitcoin Kicks Off 2024 with Optimism, Surges Above $45K

Prominent Bitcoin supporter Michael Saylor has declared 2024 “The Year of Bitcoin,” a reflection of the industry’s lofty ambitions. On December 27, 2023, MicroStrategy, headed by Michael Saylor, made a daring move by acquiring 14,620 BTC, which is worth almost $615 million. A total of 189,150 BTC is now in

January 2, 2024 2 mins read

SEC Reportedly to Meet Spot Bitcoin ETF Applicants Next Week

It was reported by Reuters based on sources that the SEC may contact the spot Bitcoin ETF applicants next week. It suggests that a decision about their launch approval may be made as soon as Tuesday. The acceptance of spot Bitcoin ETF is a major step forward for the cryptocurrency

December 31, 2023 2 mins read

Bitcoin Witnesses Brief Uptick as Market Sentiment Remains Positive

Under the leadership of CEO Michael Saylor, MicroStrategy yesterday spent an unprecedented $615.7 million to purchase 14,620 BTC, at an average price of $42,110 in December. Renowned Bitcoin advocate Max Keiser explained Saylor’s lofty objective, which is at the heart of this and all earlier substantial transactions. Bitcoin Accumulation Spree

December 28, 2023 2 mins read

MicroStrategy Continues Accumulation Spree, Acquires 14,620 BTC

Amidst mounting speculation about the possibility of a spot Bitcoin ETF being approved in the U.S, business intelligence company MicroStrategy continues to accumulate Bitcoin. MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC

December 27, 2023 2 mins read

Bitcoin Breaks Above $44K Threshold Amidst Bulls Domination

Investors are waiting impatiently for the U.S SEC’s decision on spot Bitcoin ETFs as the clock ticks down to their expected approval. Many are keeping their fingers crossed for a satisfactory resolution before the deadline, which would have far-reaching consequences for Bitcoin and the cryptocurrency market overall. Michael Saylor, executive

December 21, 2023 2 mins read

MicroStrategy’s Bitcoin Strategy Propelled Stock Surge Since 2020

MicroStrategy’s approach to Bitcoin has been successful so far. After implementing this method , MicroStrategy’s (MSTR) stock price skyrocketed. Michael Saylor, Chairman and Founder of the organization, published a chart snapshot that showed how MSTR has performed since August 10, 2020, when MicroStrategy started investing in Bitcoin. Stocks in MSTR

December 10, 2023 1 min read

Ripple CEO Brad Garlinghouse Foresees Positive Crypto Industry Shift

In his last remarks at the recently ended Ripple Swell Conference in Dubai, Ripple Labs Inc. CEO Brad Garlinghouse hinted at what he sees as the next step for the cryptocurrency sector. According to Garlinghouse, the regulatory pattern chosen over the crypto business in the U.S SEC needs to alter.

November 11, 2023 1 min read

Bitcoin Bulls Strive To Shatter Key Resistance Barrier

Recent substantial spikes in the crypto market may be attributed to a confluence of optimistic events in the industry.  BlackRock was the primary catalyst as the company filed for a spot ether ETF with the State of Delaware, which drove the prices of most cryptocurrencies.  Market confidence has been strengthened

November 11, 2023 2 mins read

Bitcoin Makes 16 Month High, Crossing $35K. Bull Market Here?

The cryptocurrency community is jubilant as Bitcoin, the largest cryptocurrency by market capitalization orchestrated a remarkable bull run, marking a historic milestone for the year. BTC surged past the $35,000 mark, a level not witnessed in nearly 16 months. The bullish momentum of Bitcoin commenced at the beginning of the

October 24, 2023 3 mins read