A hedge fund manager, Jesse Myers, has put his opinion that Bitcoin holders are misreading the vital number of Bitcoins that corporations will purchase by 2045. On May 23, he posted on X that Bitcoin Treasury Companies will hold around half of all the Bitcoins, way beyond what most Bitcoiners
Major organizations across the world are eyeing Bitcoin to maintain their reserves, mitigating the risks associated with fiat currency reserves. While this strategy was originally adopted by Microstrategy years back, global firms and governments are onboarding this year. The latest to join the Bitcoin reserve strategy club is Canadian firm
MicroStrategy, the enterprise analytics platform disclosed its financial results for the first quarter of 2023. The company stated that its net income for the first quarter was $461.2 million, or $31.79 per diluted share. Comparatively, it reported a net loss of $130.8 million in the first quarter of 2022. MicroStrategy
Being the world’s first country to completely make Bitcoin (BTC) its legal tender has brought immense attention to the Central American country, El-Salvador. Ever since its official announcement about three months back, El-Salvador’s BTC legal tender has been a hot topic till now. With just a few days left for
