By Medha Singh (Reuters) -MicroStrategy will raise capital through convertible bonds offering to buy bitcoin for the second time in less than 10 days, as the aggressive crypto investor looks to increase its exposure to the booming cryptocurrency. The software firm said after markets closed on Wednesday that it was offering $500 million in convertible […]
(Bloomberg) — MicroStrategy Inc. bought another 12,000 Bitcoin for $821.7 million, the second-largest purchase by the enterprise-software maker since it began acquiring the cryptocurrency almost four years ago. Most Read from Bloomberg The fresh hoard raised MicroStrategy’s total Bitcoin holdings to around 205,000 tokens, or to more than $14 billion. The tokens were bought from […]
In less than two months of existence, the BlackRock iShares Bitcoin ETF (IBIT) has accumulated more bitcoin {{BTC}} than MicroStrategy (MSTR). According to the fund’s latest disclosure, IBIT held 195,985 bitcoin on Friday after another day of significant inflows. Meanwhile, the most recent public statements from MicroStrategy show the company as of Feb. 26 held […]
No public company has gone all-in on Bitcoin (CRYPTO: BTC) quite like MicroStrategy (NASDAQ: MSTR), which has purchased 193,000 bitcoins since 2020. As a result, the enterprise software company’s stock is up over 900%, despite its core business stagnating. Are you a prospective investor who has a fear of missing out? Below, I’ll examine why […]
Bitcoin catapulted above $70,000 for the first time when the market opened at 9:30 a.m. EST on March 8. The new high was $70,170, breaking last week’s record of just over $69,000. The token jumped above the $70,000 level briefly before selling off throughout the morning. At the time of writing, the price is moving […]
(Bloomberg) — MicroStrategy Inc., the largest corporate holder of Bitcoin, proposed increasing its cache of the largest cryptocurrency through the sale of $600 million in convertible senior notes. Most Read from Bloomberg The value of Bitcoin holdings on the enterprise software maker’s balance sheet has increased to around $13 billion since the company started purchasing […]
By Chuck Mikolajczak NEW YORK (Reuters) – Microstrategy shares fell in extended trade on Monday, after the company announced a private offering for $600 million in convertible senior notes, with proceeds to be used to buy bitcoin. Shares of the bitcoin development company were down 3.3% at $1,290 after surging 23.59% to $1,334.01 during trading […]
Bitcoin (CRYPTO: BTC) was the talk of the crypto market again on Wednesday and has passed the $1 trillion market cap mark once again. Bitcoin is up 5.3% in the last 24 hours as of 3 p.m. ET. Following Bitcoin’s move is Coinbase Global (NASDAQ: COIN), which jumped as much as 14.5% in trading today, […]
The new spot bitcoin ETFs, excluding Grayscale’s GBTC, now hold more bitcoin than MicroStrategy. “Concentration of coins held by these entities is not a risk to the Bitcoin Network,” said one analyst. This excludes GBTC, which had been an operating fund long before it converted into an ETF. The recently launched spot bitcoin ETFs, excluding […]
Michael Saylor’s MicroStrategy posted weaker-than-expected fourth-quarter earnings on Tuesday, its first report since bitcoin ETFs were approved in the U.S. The majority of its conference call presentation focused on bitcoin and how the cryptocurrency creates unique value for investors. The company called itself “the world’s first bitcoin development company.” MicroStrategy (MSTR), the software firm whose […]
Huge news rocked the cryptocurrency sector last week. After many years of waiting, the Securities and Exchange Commission (SEC) approved investment companies to start listing Bitcoin ETFs that people can buy or sell to get exposure to the world’s largest cryptocurrency. Now, there are numerous ETFs that anyone reading this can buy and sell, such […]
The impressive volatility we’ve seen in many top cryptocurrencies to kick off the year has been noted by many investors. However, results have been mixed for crypto-adjacent companies, with today’s moves in Marathon Digital (NASDAQ: MARA), Riot Platforms (NASDAQ: RIOT), and Microstrategy (NASDAQ: MSTR) reflecting a 7% downside move in Bitcoin (CRYPTO: BTC), which tends […]