MicroStrategy (Nasdaq: MSTR) announced it is preparing to significantly increase its Bitcoin holdings by raising $2 billion through a new at-the-market equity offering. The announcement came after the market closed on Thursday, following a report of robust Q2 2024 earnings, which showed a substantial increase in the company’s assets. Currently, MicroStrategy holds 226,500 BTC, which […]
MicroStrategy reported second-quarter earnings on Thursday.
MicroStrategy, a prominent Bitcoin holder, faces scrutiny regarding its cash flows ahead of its earnings report. On July 31, Michael Saylor, a prominent Bitcoin advocate, announced that the company would release its earnings on Aug. 1 after market close and host a live webinar to discuss the results. Cash flow concerns Bloomberg reported that MicroStrategy’s […]
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U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to innovate in the U.S.
Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.
After completing the latest purchase, Metaplanet holds 203,734 BTC bought at an average price of around $62,000 per coin.
Financial services firm T-Rex Group has applied for what could be the “most volatile ETF” ever seen in the United States.
The proceedings of the issuance will be used to acquire more bitcoin and for general corporate affairs.
Michael Saylor, the tech entrepreneur who steered MicroStrategy into a Bitcoin behemoth, is back in the headlines. This time, he’s not championing the orange coin, but rather aiming his laser focus at its altcoin rivals. Related Reading: Fear Back For 1st Time Since October As Crypto Greed Takes The Backseat At the recent Bitcoin For […]
MicroStrategy’s chairman, Michael Saylor, revealed the firm’s ambitious plan to introduce a decentralized identity solution called MicroStrategy Orange on the Bitcoin network during his Bitcoin For Corporations talk on May 1. Saylor underlined the potential of establishing a universal standard with the distinctive orange checkmark, envisioning it as a global alternative to the commonly recognized […]
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Saylor's positive Bitcoin view persists despite a recent dip; meanwhile, market sentiment remains bullish ahead of the halving.
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MicroStrategy now holds approximately 214,246 BTC ($13.5 billion), which is more than 1% of all the 21 million bitcoin that will ever exist.
MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin. However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor, has acquired over 15,000 BTC worth nearly $1 billion […]
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The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering.
The firm only just completed a $800 million raise earlier this week which was used to scoop up another 12,000 Bitcoin.
Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 of bitcoin {{BTC]], MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future.
The firm had previously announced a $600 million convertible raise on March 4.
MicroStrategy is the largest corporate owner of bitcoin, holding roughly $13 billion worth of BTC.
The $600 million in senior convertible notes will mature in March 2030, unless earlier repurchased, redeemed or converted into cash or MicroStrategy stock.
The MicroStrategy executive chair claimed Bitcoin was superior to gold and real estate, and predicted that capital from those assets would make their way into the cryptocurrency.
MicroStrategy’s market cap would need to rise another $3.7 billion and meet other eligibility criteria in order to have a chance of making it on the popular index, however.
MicroStrategy co-founder and executive chairman says his company is re-branding as a bitcoin development company during CNBC interview.
Michael Saylor’s Bitcoin investment is over $2.6 billion in profit, but BTC price needs to gain a whole lot more to challenge the world’s richest person.
MicroStrategy is also looking to raise up to $750 million in a sale of class A common stock.