On February 5, the largest institutional hodler of Bitcoin and intelligence firm, MicroStrategy, announced a rebranding of its company to “Strategy”. The decision reinforced the firm’s commitment to Bitcoin as a treasury asset. The rebranding decision included changing the company’s logo to a stylized Bitcoin “B” signature orange color. Michael
As investors step gingerly into December expecting a modest price dip, the crypto market has held on to its bull run so far. In addition, it has also wavered off the weekend slump with fresh activity in the past day. On the regulatory end, the SEC has filed a new
Allianz SE, the second-largest insurance company in Europe, has purchased close to 25% of MicroStrategy’s 2031 convertible notes for $750 million, indirectly supporting its Bitcoin-centered strategy. Allianz SE, the second largest insurance company in Europe, has made a bold move by buying almost 25% of MicroStrategy’s convertible notes due in
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
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
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
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
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
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
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
