MicroStrategy

Business intelligence firm MicroStrategy spent nearly $458.2 million on Friday, September 20, buying approximately 7,420 Bitcoin (BTC) tokens. The Virginia-based company disclosed this acquisition in a recent regulatory filing with the US Securities and Exchange Commission (SEC). MicroStrategy Grows Bitcoin Portfolio MicroStrategy recently announced the pricing of its $875 million offering of 0.625% Convertible Senior Notes, which will be sold privately to qualified institutional buyers. These notes can be converted into cash or MicroStrategy stock (MSTR). In a press release…

Virginia-based software company MicroStrategy has announced a $700 million convertible bond offering to boost its Bitcoin reserves and pay down debt. The offering, targeting qualified institutional buyers, will mature in 2028. The firm expects it will raise significant capital to redeem $500 million in existing debt while acquiring more Bitcoin. From Boardrooms to Kingdoms: Bitcoin Adoption Grows Worldwide The notes will bear interest payable semi-annually and will be convertible into cash, MicroStrategy shares, or both. Additionally, MicroStrategy intends to use…

MicroStrategy has made a remarkable financial maneuver by converting $1.1 billion worth of its shares into 18,300 Bitcoin (BTC). The latest Form 8-K filings with the U.S. Securities and Exchange Commission (SEC) confirmed this purchase. It took place between August 6, 2024, and September 12, 2024. MicroStrategy Inject Billions Into Acquiring Bitcoin Consequently, MicroStrategy’s total Bitcoin holdings have increased to about 244,800, acquired at an average price of $38,585 per Bitcoin. Following a strategic plan, the company announced on August…

The post Bitcoin Mining Firm Vortex Bets Big on MicroStrategy Stock—Is This the Next Bitcoin Boom? appeared first on Coinpedia Fintech News Vortex, a leading Bitcoin mining company known for its focus on renewable energy and advanced technologies, has begun acquiring shares of MicroStrategy (MSTR). This strategic acquisition aligns with Vortex’s vision of leveraging the synergy between traditional public markets and Bitcoin’s intrinsic value.  This buying made MicroStrategy stock outperform the S&P 500 and other major companies like NVIDIA and Arista…

Metaplanet’s stock surged 12% after the Japan-based investment firm expanded its Bitcoin (BTC) holdings. Following its commitment earlier this month, the company invested 500 million yen (approximately $3.4 million) into Bitcoin. Japan continues to strengthen its position as a leader in cryptocurrency adoption. With the yen weakening and government officials issuing warnings, more investors are turning to digital assets as a hedge.  Metaplanet Completes 1 Billion Yen Worth Bitcoin Purchase In an August 8 commitment letter, Metaplanet announced plans to…

The post MicroStrategy ETF MSTX Record $34M In Trading Activity As Traders Seek Volatility appeared first on Coinpedia Fintech News Bloomberg’s ETF Strategist Eric Balchunas highlighted the strong performance of the Microstrategy ETF as it got impressive trading volumes within two days of launch. During its second day of trading, MSTX registered $34 million in trading activity, surpassing its first-day figures and other ETFs like NVDL, which had a fraction of activity in its first two days. Balchunas also speculated…

South Korea’s National Pension Service (NPS) recently purchased $34 million worth of MicroStrategy shares, highlighting increased institutional confidence in Bitcoin (BTC) via strategic investments. MicroStrategy’s heavy Bitcoin focus continues to boost confidence in the company’s long-term prospects and the value of its crypto holdings. South Korea’s NPS Buys MicroStrategy Shares An official filing with the US Securities and Exchange Commission (SEC) confirmed the development. Notably, South Korea’s NPS, the second-largest public pension fund in the world, is backing Bitcoin through…

On August 15, exchange-traded fund issuer Defiance ETFs announced the launch of MSTX, MicroStrategy’s first-ever leveraged single-stock ETF. This development followed approval from the US Securities and Exchange Commission (SEC). Designed to provide 175% long daily exposure to MicroStrategy’s stock, MSTX offers investors amplified access to the company’s performance, closely tied to Bitcoin’s volatility. MicroStrategy’s Bitcoin Strategy Drives ETF Interest MicroStrategy is a Virginia-based software company famous for its aggressive Bitcoin acquisition strategy. As of Q2 2024, the company holds…

The post SEC Approves First Ever Leveraged MicroStrategy ETF: A New Gateway to Get Bitcoin Exposure appeared first on Coinpedia Fintech News The SEC has approved MSTX, the first leveraged single-stock ETF targeting MicroStrategy, a company known for its significant Bitcoin holdings. This approval is a key moment for both traditional and crypto markets, as MSTX increases MicroStrategy’s daily stock movements by 175%, offering investors a more powerful way to gain exposure to Bitcoin through MicroStrategy’s large holdings. SEC Approves…