In spite of reporting a financial loss of $53.1 million in the first quarter of 2024, the biggest corporate holder of Bitcoin, MicroStrategy, proceeded to stack additional Bitcoin in April. The company’s digital asset impairment loss increased tenfold from the first quarter of 2023 to $191.6 million in the quarter,
Following MicroStrategy’s most recent Bitcoin purchase, prominent gold investor and crypto skeptic Peter Schiff openly criticized CEO Michael Saylor. An additional 9,245 Bitcoins were purchased by MicroStrategy for around $623 million, according to Saylor. A total of 214,246 Bitcoins, valued at $35,160 apiece, are now in the company’s possession as
With the closing of its offering of 0.875% convertible senior notes due in 2031 on March 18, 2024, MicroStrategy purchased another 9,245 BTC. The firm’s overall Bitcoin holdings have increased to 214,246 BTC, representing 1% of the 21 billion total Bitcoin supply, thanks to this substantial accumulation. As the news
Crypto industry heavyweight MicroStrategy led by Michael Saylor has now announced plans to raise an astounding $525 million via the issuance of convertible senior notes. This strategic decision comes only weeks after the firm attempted to increase the sale of its notes to $700 million. This massive boost demonstrates MicroStrategy’s
With the majority of the funds it garnered from its recent convertible debt offering, MicroStrategy (MSTR) has bought 12,000 more bitcoin (BTC). Led by Michael Saylor, a strong supporter of bitcoin, MicroStrategy now has 205,000 BTC worth around $14.7 billion. According to a post by Saylor on Monday on twitter,
MicroStrategy’s Bitcoin holdings have been surpassed by BlackRock’s spot Bitcoin exchange-traded fund (ETF). As of March 8, around 40 trading sessions after the approval of nine new funds by the U.S SEC on January 10, data collected by BitMEX Research indicates that BlackRock’s IBIT possesses 197,943 Bitcoin, with a value
MicroStrategy, a business intelligence software company, announced on Monday that it has purchased another 3,000 bitcoins for about $155 million, bringing its total bitcoin holdings to 193,000 BTC. The company’s executive chairman and co-founder, Michael Saylor, said that the company and its subsidiaries now own nearly $10 billion worth of
MicroStrategy, the renowned business intelligence firm fell victim to a malicious cyber attack on its social media platform. On February 25th, the company’s official account began posting deceptive links, luring unsuspecting users into a fraudulent scheme promising a purported “official” Ethereum-based MSTR token airdrop. Upon clicking the link, users were
MicroStrategy, the prominent business intelligence firm, continues to stir up discussions within the financial realm with its audacious foray into Bitcoin investments. The company’s recent quarterly report for Q4 2023 unveiled a notable surge in its Bitcoin reserves, juxtaposed with a decline in revenue, marking a strategic shift in its
Stocks in the cryptocurrency and mining sector were upbeat after Bitcoin’s two-year high of $50,363 on February 12th. Crypto-mining equities and MicroStrategy (MSTR) both had double-digit increases over the last week, which is similar to BTC’s 17.5% rise. In the last day, MSTR stock has climbed 11% to $719, and
