MicroStrategy

MicroStrategy, a business intelligence firm, has intensified its investment in Bitcoin by purchasing an additional 122 BTC this April. The company solidifies its position as a major stakeholder in the digital asset market. MicroStrategy Continues Bitcoin Shopping This acquisition, totaling $7.8 million, increases MicroStrategy’s holdings to a substantial 214,400 BTC, now valued at over $15.2 billion. Since its initial $250 million investment in August 2020, MicroStrategy has consistently expanded its Bitcoin portfolio. It has strategically accumulated about 1% of the…

Business intelligence company MicroStrategy continues to increase its bitcoin stash, with a recent purchase of 122 BTC for nearly $8 million. In 2024 alone, the NASDAQ-listed giant has bought over 25,000 BTC. The company, which continues to remain the world’s largest corporate holder of Bitcoin, also reported a net loss and a decline in revenue in the first quarter of 2024. In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us…

The post Microstrategy Buys 122 Bitcoins in April Amidst a $53.1M Q1 Loss appeared first on Coinpedia Fintech News MicroStrategy, a significant player in the technology sector, made headlines with its latest move in the cryptocurrency space. In April, the company acquired an additional 122 Bitcoins, amounting to approximately $7.8 million. This purchase adds to MicroStrategy’s already substantial Bitcoin holdings, which now total an impressive 214,400 BTC. Such a large investment solidifies MicroStrategy’s position as a major player in the…

The post Is MicroStrategy Set for S&P 500 Inclusion? What You Need to Know appeared first on Coinpedia Fintech News Rumors are swirling in the financial world that MicroStrategy ($MSTR) may soon join the illustrious ranks of the S&P 500 index. Broker Benchmark suggests that with a few strategic moves, MicroStrategy could meet the criteria for inclusion in this prestigious index, potentially reshaping the company’s future trajectory. Impending Earnings Report MicroStrategy, led by CEO Michael Saylor, is set to release…

MicroStrategy founder Michael Saylor has sold up to 370,000 shares of his brainchild over the past four months. This follows his entry into a stock-sale agreement with the company last year. Under the agreement, he has the authorization to unload up to 400,000 shares until April of this year. Saylor to Offload 400,000 Shares Michael Saylor has successfully cashed in 370,000 shares, totaling about $372.7 million in value, from this year’s stock sales. This accounts for over 90% of the…

Out of the traditional, as well as the crypto markets come a stock (MSTR) and a cryptocurrency (STX) that could outperform bitcoin across the rest of this bull market.  Both $STX and $MSTR could outperform $BTC Stacks (STX) and Microstrategy (MSTR) are certainly odd bedfellows. One is a cryptocurrency that gives access to a layer 2 built on top of the secure bitcoin base layer, and the other is a multi-billion stock market company that just happens to have Michael…

Metaplanet has partnered with Sora Ventures to invest $6.5 million in Bitcoin in a bid to build “Asia’s First MicroStrategy.”  Metaplanet’s Strategic Shift Metaplanet Inc., a Tokyo Stock Exchange-listed company, has signaled a significant shift in its financial strategy by embracing Bitcoin as a core component of its treasury assets. The company has committed an initial investment of JPY 1 billion (approximately $6.56 million) to Bitcoin, echoing the pioneering move made by MicroStrategy in the United States. Simon Gerovich, CEO…

Following in the footsteps of Michael Saylor, yet another publicly traded company has decided to make Bitcoin its savings vehicle of choice. Metaplanet, an investment and consulting company listed on the Tokyo Stock Exchange, announced on Monday that it has purchased 1 billion JPY ($6.5 million USD) worth of Bitcoin for its corporate treasury. Metaplanet’s Bitcoin Strategy Per a company tweet, Metaplanet has chosen to “embrace Bitcoin as the core treasury asset of the company.” “This strategic pivot is not…

Kerrisdale Capital has argued in a recent report that MicroStrategy’s shares have become overvalued. “We are long Bitcoin and short shares of MicroStrategy, a proxy for Bitcoin which trades at an unjustifiable premium to the digital asset that drives its value,” the company stated. MicroStrategy’s shares witnessed a notable 14% decline on Thursday following the disclosure. Unjustifiable Premium The firm argued that the premium at which MicroStrategy’s shares are trading, representing over two and a half times the spot price…