Tag: microstrategy bitcoin

May 12 2022

MicroStrategy, Tesla Now Hold Bitcoin At A Loss; Will They Sell?

The month of May has proven to be brutal for one of the Crypto enthusiasts. Every investor may it be big or small seems to be anxious and looking for a recovery. Amid this crash, few giant Bitcoin (BTC) backers like Microstrategy and Tesla are holding their reserves at a large loss. MSTR, Tesla bear...

May 10 2022

Will MicroStrategy, Tesla Sell Their Bitcoins To Avoid Loss?

May 10 2022 Published at Coingape under tags  bitcoin price microstrategy bitcoin news

The Crashing Cryptocurrency market has left every investor worried. The same has happened with the biggest Bitcoin (BTC) holding institutions in the market. Public companies like Microstrategy and EV giant Tesla which owns a huge amount of BTC have also faced some troubles amid the dump. MSTR and Tesla hold over 177K BTCs According to...

May 04 2022

MicroStrategy Is Holding Bitcoin At A $1 Bln Loss, Here’s Why

Software firm MicroStrategy recently reported a net loss for the first quarter of 2022, which appears to be driven largely by its Bitcoin holdings. The firm reported a net loss of $170 million, or $11.58 per share for Q1, slightly lower than $183.2 million last year. A bulk of that loss was driven by a...

Mar 29 2022

Breaking: Michael Saylor’s MicroStrategy Borrows $205 Mln To Buy More Bitcoin

MicroStrategy said on Tuesday it had borrowed $205 million from crypto bank Silvergate Capital to purchase more Bitcoin (BTC). The loan will be backed by some of MicroStrategy's BTC...

Jan 27 2022

MicroStrategy Is Not Done Buying Bitcoin, CFO Reveals

MicroStrategy, it seems, is not done with its bitcoin buying spree despite its large holdings. The company’s CFO Phong Le has revealed the firm’s strategy going forward. According to Le, MicroStrategy is not done investing in bitcoin. The firm remains unfazed by the recent downtrend in the market and given that its...

Oct 21 2021

Musk Shares “69-420” Meme for Bitcoin Price as Tesla BTC profits cross $1 billion

Oct 21 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Tesla CEO, Elon Musk has tweeted about Bitcoin after a long haul. He has used the popular “69-420” meme to define Bitcoin’s exceptional performance in the ongoing bull run. Furthermore, since the reveal at the B-Word conference about Tesla holding a considerable amount of Bitcoin, this bull run has brought Tesla’s BTC holdings back in The post Musk Shares "69-420" Meme for Bitcoin...

Jul 30 2021

MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings

Jul 30 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The Business intelligence organization, MicroStrategy has shared its second- quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at The post MicroStrategy reveals nearly $690 million in...

Jun 10 2021

The U.S. Federal Reserve Holds a Tiny Portion of MicroStrategy’s Bitcoins. Here’s How!

A recent report from Bloomberg suggests that the U.S. central bank aka Federal Reserve has been one of the early adopters of the Bitcoin-linked junk bonds. During the economic shifts taking place amid the COVID-19 pandemic last year,...

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