(Bloomberg) — Michael Saylor’s decision back in 2020 to start buying Bitcoin has paid off in spades this year for the co-founder and executive chairman of MicroStrategy Inc. Most Read from Bloomberg Saylor has garnered an estimated $400 million or so from pre-planned daily sales of about 5,000 shares of the enterprise software company from […]
BTIG raised its Microstrategy price target to $1,800 from $780. The broker said the firm has a greater exposure to bitcoin on a per-share basis. The software company should benefit from bitcoin catalysts such as the halving event, the report said. MicroStrategy has a track record of creating value for shareholders, broker BTIG said in […]
(Bloomberg) — Want a sense of how wild this year’s crypto rally has become: A software maker that’s also considered a Bitcoin hedge fund of sorts now has a stock market capitalization that’s higher than nearly half of the companies in the S&P 500 Index. Most Read from Bloomberg Shares of MicroStrategy Inc., billionaire Michael […]
(Bloomberg) — MicroStrategy Inc. investors who bought shares of the biggest corporate holder of Bitcoin to gain amped-up exposure to the digital asset are getting a painful reminder of its brutal volatility. Most Read from Bloomberg This week is driving home how the leverage the company deploys to buy Bitcoin is a recipe for explosive […]
BI MicroStrategy’s use of leverage to build its bitcoin trove could deepen a downturn, JPMorgan said. Microstrategy wants to acquire as much bitcoin as possible, founder Michael Saylor has said. Mike Novogratz has warned that too much leverage fueling the bitcoin rally could spark a pullback. While bitcoin has been smashing to new record highs, […]
MicroStrategy CEO Michael Saylor said bitcoin will “eat” gold in the future. Bitcoin has all the the metal’s great attributes, but none of its problems. MicroStrategy on Monday purchased another 12,000 bitcoin, bringing its total holdings to 205,000 tokens. Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 bitcoins […]
Though MicroStrategy is a software and AI company, they are hoping to rebrand themselves into the “the world’s first Bitcoin development company“. Led by chairman Michael Saylor, they are putting their money where their mouth is, literally. Saylor and MicroStrategy have acquired 193,000 Bitcoins since 2020, making them the largest institutional holder of BTC in […]
(Bloomberg) — MicroStrategy Inc., the enterprise software firm that has made buying Bitcoin part of its corporate strategy, purchased another 3,000 or so of the cryptocurrency tokens this month for $155.4 million. Most Read from Bloomberg That raised the value of the Tysons Corner, Virginia-based company’s holdings to around $9.88 billion, based on currency market […]
(Bloomberg) — MicroStrategy Inc. may be at an inflection point when it comes to Michael Saylor’s controversial decision almost four years ago to bet the enterprise-software maker’s future on Bitcoin. Most Read from Bloomberg Quarterly results will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at […]
(Bloomberg) — MicroStrategy Inc.’s co-founder Michael Saylor has been selling company shares leading up to the US Securities and Exchange Commission’s approval of exchange-traded funds investing directly into Bitcoin. Most Read from Bloomberg The company’s executive chairman sold between 3,882 and 5,000 shares on certain days between Jan. 2 and Jan. 10, when the SEC […]
MicroStrategy’s BTC Holding Worth More Than Company’s Market Cap MicroStrategy, the data software firm known for its aggressive Bitcoin investment strategy, has faced headwinds in the New Year, with its stock price slipping more than 20% in January. This decline comes despite a 10% gain for Bitcoin in the same period. MicroStrategy’s woes can be […]
(Bloomberg) — Michael Saylor is selling almost $216 million worth of shares in MicroStrategy Inc., the software company he co-founded and turned into the largest publicly-traded holder of Bitcoin. Most Read from Bloomberg The 315,000 shares were acquired via stock options, according to a filing on Tuesday. A MicroStrategy spokesperson said the company previously announced […]