Amid ongoing growing unease in the conventional market and the financial sector, the global digital market continues to enjoy an upward rise. The largest cryptocurrency by market cap, Bitcoin (BTC), is driving the market to green indices. MicroStrategy Corporation disclosed in its most recent SEC filing that it has increased
According to the most recent SEC filings by MicroStrategy, has increased its Bitcoin holdings. This accumulation, however, occurred when three cryptocurrency-friendly banks in the United States went bankrupt within a week of each other. According to the reports, MicroStrategy acquired 6,455 Bitcoins between February 16, 2023, and March 23, 2023.
A legal lawsuit against MicroStrategy, an American business intelligence company, was rejected by the Superior Court of the District of Columbia. The lawsuit claimed that MicroStrategy assisted its co-founder, Michael Saylor, in avoiding paying income taxes. A new filing claims that in October, Saylor and MicroStrategy asked the court to
MicroStrategy, a business analytics firm, said Thursday that it had lost money for the eighth straight quarter, but that it would maintain its policy of keeping Bitcoin on its balance sheet. Bitcoin’s value dropped to $23,439 after the quarterly earnings report was released. On Thursday, MicroStrategy’s stock rose about 10%,
As a result of his recent comments on crypto entrepreneur Sam Bankman-Fried, American entrepreneur Michael Saylor has received widespread backlash from the crypto community. The co-founder of MicroStrategy is well-known for his advocacy of Bitcoin’s use in the financial sector. Despite significant unrealized losses as a result of Bitcoin’s recent
The company plans to have Lightning wallets available to 10 million clients. The firm plans to develop a Lightning Network-based SaaS platform. There has been a proliferation of businesses entering the crypto space recently. While some investors get out midway, the vast majority have been increasing their bets. On the
Michael Saylor, founder of MicroStrategy, recently tweeted about buying 301 Bitcoin. As of September 19th, 2022, the company has 130,000 bitcoin in storage. The recent drop of Bitcoin (BTC) to a low of $19K has been devastating for many people. But it seemed like the bear market was good for
A prospectus for MicroStrategy was filed with the SEC on Friday. The company has contracted investment bank Cowen & Co to sell $500M stocks. MicroStrategy (MSTR), a publicly listed software firm, now has over 129,000 BTC in its reserves, making it the biggest corporate holder of Bitcoin. One month after
D.C sued Michael Saylor for allegedly claiming other residences. Michael Saylor failed to pay more than $25 million in income taxes. Washington, D.C. sued MicroStrategy’s co-founder and Executive Chairman Michael Saylor on Wednesday for tax fraud. District of Columbia claiming that he failed to pay over $25 million in income
Michael Saylor will serve as executive chairman of MicroStrategy. The company is facing a loss of $1.062 Billion, as per the recent report. According to the recent announcement from the American-based business intelligence provider platform, MicroStrategy, the company’s CEO, Michael Saylor is resigning from the current position to serve as
