Leading business intelligence firm MicroStrategy is doubling-down on Bitcoin, announcing a securities offering to raise $400 million to invest in BTC.
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Microstrategy Buys More Bitcoin, Now Holding BTC Worth Over $780 Million in Treasury
Nasdaq-listed billion-dollar company Microstrategy has made its third large bitcoin purchase. The company now holds about 40,824 bitcoins, worth over $780 million at the current price. Microstrategy’s Third Bitcoin Buy Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoins. CEO Michael Saylor tweeted Friday: Microstrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in […]
The post Microstrategy Buys More Bitcoin, Now Holding BTC Worth Over $780 Million in Treasury appeared first on Bitcoin News.
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Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy
U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals […]
The post Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy appeared first on Bitcoin News.
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Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies
The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his investment experience in another video. Andrei Jikh is a popular Youtuber with close to a […]
The post Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies appeared first on Bitcoin News.
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Grayscale Trust sees largest-ever weekly inflow, nears 500K BTC in total
Grayscale is on track to control 5% of the entire Bitcoin circulating supply by the end of 2021 with a record $215 million inflow last week.
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Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin
Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing 56% to around $10,400 as of Nov. 1, down from […]
The post Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin appeared first on Bitcoin News.
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MicroStrategy’s bottom line gets beefier on Bitcoin moves: Bad crypto news of the week
Report: Bitcoin Set for its Biggest Breakout Yet
A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high for the year. A New Precedent […]
The post Report: Bitcoin Set for its Biggest Breakout Yet appeared first on Bitcoin News.
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Microstrategy CEO Personally Owns $240 Million in Bitcoin — Company BTC Profit Outshines Other Earnings
Following a $425 million bitcoin purchase by his billion-dollar company, Microstrategy CEO Michael Saylor reveals that he personally owns about $240 million in bitcoin. Meanwhile, his company’s bitcoin gains have outperformed the company’s other earnings. Microstrategy and Its CEO Are Both Bitcoin Hodlers The CEO of the billion-dollar company Microstrategy, Michael Saylor, has revealed his […]
The post Microstrategy CEO Personally Owns $240 Million in Bitcoin — Company BTC Profit Outshines Other Earnings appeared first on Bitcoin News.
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MicroStrategy’s crypto holdings may be paying off more than its business
With Bitcoin’s rises past $13,700, the company’s BTC holdings are currently worth more than $525M.
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