MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies
The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million. Go to Source Powered by WPeMatico
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Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC
Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at … Read more
MicroStrategy doles out $240M on additional Bitcoin purchase
The company’s Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. Go to Source Powered by WPeMatico
Microstrategy Avoids ‘Multi-Billion Dollar Mistake’ by Choosing Bitcoin Over Gold
Nasdaq-listed company Microstrategy has avoided a “multi-billion dollar mistake” by choosing to invest in bitcoin instead of gold. The company now holds about 108,992 bitcoins. ‘Multi-Billion Dollar Mistake’ Avoided The Nasdaq-listed software company Microstrategy has avoided making a mistake that could have cost the company multi-billion dollars. CEO Michael Saylor tweeted Sunday: If I had … Read more
MicroStrategy stock flips bullish with MSTR a Bitcoin ‘proxy’ for institutional investors
The bullish setup has appeared after MSTR’s increasingly positive correlation with Bitcoin, the flagship cryptocurrency which has surged 339% year on year and is now struggling to close above $50,000. Go to Source Powered by WPeMatico
MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC
MicroStrategy’s Bitcoin holdings are now worth more than $5.3 billion at the current BTC price. Go to Source Powered by WPeMatico
MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2
As of June 30, 2021 MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset. Go to Source Powered by WPeMatico
Michael Saylor doesn’t think Bitcoin is ‘going to be currency in the US ever’
The MicroStrategy boss thinks Bitcoin is a form of property and points out that the U.S. Government is not threatened by other forms of property. Go to Source Powered by WPeMatico
Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy
Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states: … Read more
Capital International purchased $600M in MicroStrategy stock
MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million. Go to Source Powered by WPeMatico