MicroStrategy

Leading Business intelligence firm Microstrategy has announced the private sale of $600 million in convertible notes to investors. The fundraising, according to Microstrategy, is to buy more bitcoins into its existing portfolio. More Bitcoins for Microstrategy  Microstrategy revealed this development in a press release today on its website. As per the announcement, initial purchasers of the convertible notes will have an option to purchase within 13 days. The notes will also be unsecured, and MicroStrategy will bear interest payable semi-annually…

Twitter CFO Ned Segal has hinted that the Social Media giant could add bitcoin to its balance sheets. This comes on the back of increasing demand for bitcoins from institutions in recent weeks.  Twitter could join Bitcoin Train Segal revealed this stance in an interview with CNBC on February 10, 2021, when quizzed about cryptocurrencies. The Twitter chief stated that the tech giant might consider bitcoin depending on a few factors.  Segal explained that if Twitter employees and clients request…

The world’s largest independent business intelligence firm, Microstrategy, has completed the purchase of 295 bitcoins for approximately $10 million. This latest purchase continues the company’s accumulation of BTC that began in 2020.  Microstrategy BTC Portfolio Worth $2.4 billion Microstrategy CEO Michael Saylor revealed this latest purchase on Twitter. According to the tweet, Microstrategy purchased the 295 bitcoins using cash per its treasury reserve policy. The firm also spent $10 million to complete this latest round of transactions, including fees and…

Harvard University, Yale University, Brown University, and the University of Michigan are among the universities using their multi-billion-dollar donations to buy cryptocurrency directly from exchanges. Historically, universities have implemented two investment strategies with their donations: most have pursued very conservative investment strategies in well-known names and stable sectors. In contrast, some savvy schools in developing regions have taken risky bets to make big profits. First Institutions, Now Universities University donations have a unique legal structure that aims to raise investment…

According to reports, Russian officials have been informed that they must get rid of their crypto-assets before April 1. This is part of the sweeping regulations introduced by the European country in its quest to reduce corruption. Government Officials Must Relinquish Crypto-Assets The directive was issued by the Russian Ministry of Labor in a letter dated December 16th and recently published on the Ministry’s website. According to the contents, government officials at federal and local levels are prohibited from owning…

The world’s largest independent business intelligence firm, Microstrategy, has completed 314 bitcoins for approximately $10 million. This purchase continues the accumulation of crypto assets by the intelligence firm, which began in 2020. 70,714 BTC in Microstrategy Portfolio Microstrategy CEO Michael Saylor revealed the purchase by his firm on Twitter. According to the tweet, the bitcoins were bought using cash per its treasury reserve policy.  In total, this latest round of bitcoin purchases totaled $10 million, including fees and expenses. The…

A new report shows that crypto investors are, on average older than they were a few years ago. Could this be a sign of the growing adoption of cryptocurrencies globally? Older investors take to cryptocurrency There is a conception that cryptocurrency has more adoption among young people who are likely to be aware of the technology. This trend appears to be changing in recent years as Bitcoins gain mainstream popularity. A recent report on the adoption of cryptocurrencies published by…

The new year started with a bang as Ethereum managed to rocket from $770 to hit $1,151 in just 48 hours – a level last seen in January 2018. The rally came about as ETH gained momentum following big brother bitcoin's colossal uptrend over the same period. The latest push higher by ETH has many speculating that the popular altcoin is well poised to soar to a new all-time high. Although 2020 will be remembered as the year of BTC,…

The world’s largest independent publicly-traded business intelligence company, MicroStrategy, has completed the purchase of 29,646 more Bitcoins for approximately $650 million. $1 Billion Worth Of BTC Purchased In 2020 MicroStrategy revealed this latest purchase in a press release today and revealed more information on their current asset holdings. According to the investment firm, the latest purchase was in cash according to its treasury reserve policy. In total, this latest round of Bitcoin investments aggregated out to $650 million, including fees…