MicroStrategy announces additional purchase of 295 Bitcoins for $10 million

2021-2-2 17:31

Business intelligence firm MicroStrategy acquired additional Bitcoin worth about $10 million in cash on 2 February. The company made the purchase at an average price of approximately $33,810 per BitcThe post MicroStrategy announces additional purchase of 295 Bitcoins for $10 million appeared first on AMBCrypto.

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South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For $460M

South Korean gaming conglomerate Nexon Co. Ltd. denies reports connecting it to the purchase of troubled crypto exchange, Bithumb. The deal was reported to cost the buyer over $460 million. The post South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For 0M first appeared on BitcoinExchangeGuide.

2021-1-13 01:05


After advising Elon Musk on BTC strategy, MicroStrategy CEO reveals firm’s purchase of 29,646 Bitcoin

MicroStrategy's CEO Michael Saylor took to Twitter to announce that the firm has purchased an additional ~29,646 Bitcoins for about $650 million “in cash in accordance with its Treasury Reserve PoliThe post After advising Elon Musk on BTC strategy, MicroStrategy CEO reveals firm’s purchase of 29,646 Bitcoin appeared first on AMBCrypto.

2020-12-21 19:00


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Citibank Downgrades MicroStrategy Stock Rating Over The Firm’s “Excessive” Bitcoin Focus

Citibank downgraded MicroStrategy stock rating on December 8, citing the business intelligence firm’s recent bitcoin allocations as the key factor. Specifically, Citi analyst Tyler Radke lowered MicroStrategy’s stock from a “neutral” to a “sell” soon after the company announced that it was planning to raise $400 million in order to purchase more bitcoin. Radke noted […]

2020-12-10 20:10


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MicroStrategy to Offer $400 Million in Bonds to Buy More Bitcoin

Business intelligence firm MicroStrategy is doubling down on its Bitcoin holdings. The firm now plans to extend $400 million of convertible bonds to purchase more of the BTC. MicroStrategy Will Raise $400 Million Just to Buy Bitcoin According to a press release from MicroStrategy, the company will raise $400 million worth of convertible senior notesRead MoreRead More.

2020-12-9 00:00


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MicroStrategy Announces Private $400 Million Investment Round to Purchase More Bitcoin

MicroStrategy CEO Michael Saylor, an ex-Bitcoin bear turned bull, has already invested hundreds of millions of dollars of the company’s reserve treasury into Bitcoin. As both Saylor and MicroStrategy see it, Bitcoin is a strong store of value and hedge against inflation that will likely outperform the dollar long-term.

2020-12-8 15:08


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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.

2020-12-2 08:30


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MicroStrategy CEO Calls Bitcoin The ‘World’s Best Collateral’, Says Company Will HODL Its BTC For 100 Years

Michael Saylor, the CEO of business intelligence firm MicroStrategy, continues to publicly speak about bitcoin after his company made a mega $425 million bitcoin purchase. In a live interview on Wednesday with Real Vision CEO Raoul Pal, Saylor called bitcoin the “world’s best collateral”, and said his company is planning to hold the asset for […]

2020-10-25 01:01


MicroStrategy, Square & Bitcoin: What are these investors seeing that the rest aren't?

Much like Paul Tudor Jones putting his money on the Bitcoin horse, MicroStrategy's big Bitcoin bet and Square's $50 million purchase of BTC shocked the market. However, should we be shocked in the firThe post MicroStrategy, Square & Bitcoin: What are these investors seeing that the rest aren't? appeared first on AMBCrypto.

2020-10-12 17:00