MicroStrategy Inc. (NASDAQ: MSTR), a leading business intelligence and software firm, has significantly bolstered its Bitcoin portfolio with the acquisition of approximately 18,300 BTC. Between August 6 and September 12, 2024, the company invested $1.11 billion at an average price of $60,408 per Bitcoin, including fees and expenses. The purchase
MicroStrategy ETF, MSTX, has recently experienced a significant increase in trading volumes. It is driven by the increased volatility in the cryptocurrency and tech markets. Known for its heavy exposure to Bitcoin and tech stocks, MSTX has become a go-to choice for traders looking to capitalise on rapid market movements.
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has made a significant investment in the cryptocurrency sector. By acquiring 245,000 shares of MicroStrategy (MSTR) during the second quarter of this year. This investment is valued at approximately $33.75 million, highlighting NPS’s growing interest in cryptocurrency. MicroStrategy, a
The SEC has given the green light to MicroStrategy tracking exchange-traded fund (ETF). The MSTX exchange-traded fund (ETF) is offered by Defiance ETFs and aims to replicate 175% of the daily stock return of MicroStrategy. A public statement states that the SEC has given its formal approval to the MicroStrategy
MicroStrategy, an American business intelligence firm founded in 1989, took a bold leap by adopting Bitcoin as its primary treasury reserve asset. Michael Saylor, former CEO, and one of the co-founders of MicroStrategy, initiated this decision due to the company’s sluggish stock performance over the past years. However, MicroStrategy’s BTC
US-based Software intelligence firm, Microstrategy released its Q2 reports in the last 24 hours. The firm is one of the key players in the cryptocurrency sector and has drawn attention in the past few weeks. Its current Bitcoin holdings stand at 226,500 worth approximately $14 billion. Notably, the company purchased
An additional 11,931 Bitcoins, valued at an average of over $65,883 per, were bought by Michael Saylor led MicroStrategy. In an effort to boost its Bitcoin holdings, MicroStrategy announced a week before that it would be selling $800 million in convertible notes. Interest on the notes will be paid semi-annually
The Michael Saylor-led MicroStrategy is re-increasing its wagers on the crypto industry in the hopes of expanding its Bitcoin holdings. The company just announced that it would be issuing convertible senior notes with a face value of $500 million. Importantly, MicroStrategy has said that it plans to purchase further Bitcoin
Michael Saylor, a billionaire Bitcoin advocate and founder of software company MicroStrategy, and the District of Columbia have negotiated an unprecedented $40 million settlement. Claims of tax fraud led to the settlement. In addition, this settlement is the biggest recovery for income tax fraud in the history of the district.
Using Ordinal-based inscriptions to store and retrieve information, MicroStrategy—the biggest corporate holder of Bitcoin—will create a decentralized identification solution on the Bitcoin network. Similar to how actual people’s identities are not associated with Bitcoin addresses or transactions, decentralized identifiers (DIDs) will provide anonymity. Open-source and Not Reliant on Sidechains Moreover,
