Fri, November 22

Is Bitcoin Behind MicroStrategy’s $96B Market Cap Surge?

MicroStrategy has made an entrance to the top 100 publicly traded companies list in the U.S. by market cap, securing the 97th spot. The firm’s market cap has reached $96.73 billion.  This follows a surge in the company’s stock price, which climbed 12% yesterday, breaking the $400 mark. Notably, the

November 20, 2024 2 mins read

Will Michael Saylor Bring Bitcoin to Microsoft’s Balance Sheet?

Microsoft plans to assess and incorporate Bitcoin into its balance sheet. This decision aligns with the shareholders preparing to vote on a proposal in December, coinciding with an upcoming presentation by Michael Saylor, Executive Chairman of MicroStrategy, to Microsoft’s board of directors. During a November 19 X Spaces session hosted

November 20, 2024 2 mins read

MicroStrategy Moves Bitcoin Post Revealing its BTC Treasury Plans

A weekend lull has begun to spread over the crypto market after a week-long action. On turning towards the cryptocurrency price, this can be seen reflected in several digital assets’ mild price movements. Amid these instances, the MicroStrategy firm has garnered market attention with its recent Bitcoin movements.  According to

November 2, 2024 2 mins read

Michael Saylor’s Bitcoin Investment Strategy: Buy High, Buy Low, Buy BTC

The co-founder of MicroStrategy, Michael Saylor has transformed the firm’s financial approach by making Bitcoin at the core of its asset strategy. Saylor turned to Bitcoin, describing it as the “digital gold.”  In August 2020, MicroStrategy made its first Bitcoin purchase, acquiring 21,454 Bitcoin for $250 million, citing the potential

October 28, 2024 2 mins read

Can Bitcoin Overcome Resistance After Falling to $67K?

Bitcoin has slipped back to the $66K range after starting the week strong and reaching an intraday high of $69,450 on October 21. Currently, the cryptocurrency is attempting to recover, climbing back to $67K after hitting an intraday low of $66,612.  Earlier today, Bitcoin tested the $67,700 resistance zone but

October 23, 2024 2 mins read

MicroStrategy to Issue $700M Convertible Notes to Buy More Bitcoin

MicroStrategy, a business intelligence company known for its large investments in Bitcoin, is planning to raise $700 million through the MicroStrategy convertible senior notes to fund more Bitcoin purchases and manage its debt. CEO Michael Saylor announced that MicroStrategy will use $500 million from the offering to repay senior secured

September 17, 2024 1 min read

South Korea’s NPS Acquires $33.75M Worth MicroStrategy Stocks 

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

August 16, 2024 1 min read

US SEC Approves MicroStrategy ETF Launched by Defiance ETFs

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

August 16, 2024 2 mins read

MicroStrategy Q2 Report Reveals 226K Total BTC Holdings

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

August 2, 2024 2 mins read

Peter Schiff Criticizes MicroStrategy’s Latest Bitcoin Purchase

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

March 20, 2024 1 min read