MicroStrategy

MicroStrategy CEO Michael Saylor has announced another company purchase of the premier cryptocurrency on Tuesday. According to Saylor’s Twitter, MicroStrategy bought exactly 4,167 Bitcoin at $45,714 each. The total purchase cost $190.5 million. This brings the company’s total Bitcoin holdings to 129,218 Bitcoin. Altogether, the company paid an average of $30,700 per coin. That means MicroStrategy owns $5.84 billion in Bitcoin at current prices. On the whole, his Bitcoin investment is up by about $1.9 billion right now. The last…

Michael Saylor – CEO of MicroStrategy – recently expanded on his company’s newly established, Bitcoin collateralized loan with Silvergate bank. He suggested that the loan was his company’s next best option besides Bitcoin-backed bonds. However, he doesn’t believe financial markets are ready yet for such a product. The Loan vs. the Bond MicroStrategy is the largest individual holder of circulating Bitcoin in the world (with the possible exception of one mystery whale). On Friday, the company resumed its efforts to…

The third-largest Bitcoin address has long been a topic of intrigue, given that nobody knows the owner of its vast coin pot. Over the last week, the mystery whale added another $28 million in Bitcoin to his holdings, bringing his total Bitcoin stack to over 126,000 coins. The notorious 1P5ZED address accumulated 318 Bitcoin on Monday, followed by another 412 on Tuesday. The 730 coins were bought at an average price of $38,400. As Bitcoin’s price has risen since then,…

MicroStrategy remains fully committed to its macro-strategy of investing everything it can into Bitcoin. Company CEO Michael Saylor recently confirmed that the company would “never” sell its Bitcoin, even given the current state of the market. Though the asset has helped the institution profit tremendously overall, it is down on its 2021 positions. HODL Forever, Says Saylor The CEO affirmed his devotion to Bitcoin in a recent interview with Bloomberg. However, Saylor dismissed the thought when asked whether he was…

Cryptocurrency and blockchain investments from the first nine months of 2021 have surpassed last year's total. In the first half of 2021, the worldwide crypto and blockchain activity was $8.7 million, more than double last year's figures. It is a significant sign that institutional money is streaming into crypto. Furthermore, it increases the investor base, and thus the institutional awareness and knowledge of this sector are also surging. The "institutional adoption" of crypto is already underway. Today we focus on…

On September 13, 2021, MicroStrategy CEO Michael Saylor announced the financial entity had added 5,050 bitcoin to its total crypto holdings. This latest bitcoin bump cost the firm $242.9 million. This indicates that it bought BTC before the price crash on September 7. According to a statement today, the firm is now in possession of 114,042 BTC. Michael Saylor tweeted that the company bought the coins at an average of $48,099 per bitcoin. He noted that they #hodl ~114,042 bitcoins acquired for almost $3.17 billion…

As recently recorded, Asset Managers and financial institutions currently hold approximately 6% of the total supply of BTC. As analysts speculate, 21M BTC will circle the finance world by 2140. 18M are presently in circulation. On May 22, 2010, slightly over a year after bitcoin had been coded into existence, Florida man Lazslo Hanyecz officially became the first person to use the digital currency in a commercial transaction. Hanyecz paid for a couple of pizzas worth about $30, with 10,000…

MicroStrategy recently made public plans to offer $400 million worth of senior secured notes to purchase additional bitcoins. The company, founded in 1989, would be acquiring its third security debt offering with over $2 billion worth of Bitcoin invested through credit raised from the sale of convertible security tokens and direct cash purchases. The fortune 500 company intends to offer senior secured notes due 2028. However, it will depend on market conditions like volatility, among others. The company has no…

The bitcoin bulls breached $50K on Feb 16, with the price touching a new all-time high of $50,487 at 7:30 a.m. ET. Investors had been eagerly waiting for the king coin to hit this milestone on spot exchanges for the first time in history. The world's largest cryptocurrency has embarked on a blistering rally in recent months, having surged from just below $4K in March of 2020 to fresh highs above the hyped $50K mark.  Bitcoin recently saw its single-largest…