Tag: microstrategy

Apr 09 2021

HSBC Bans MicroStrategy Share Purchases Over Bitcoin Link

Reading Time: 2 minutes HSBC InvestDirect has apparently banned investors on its platform from buying shared in MicroStrategy due to its link with bitcoin In a message to a user, the bank called MicroStrategy a “virtual currency product”and said that further purchases were not...

Apr 06 2021

As Bitcoin (BTC) Approaches $59K, Buy Calls Hit 3-Week High

The overall cryptocurrency market cap has reached $2 trillion as Bitcoin continues to show strength making a move to $59K levels. Although, Bitcoin faces strong resistance at $60K its volatility has reduced as the BTC price is...

Apr 05 2021

MicroStrategy Acquires An Additional $15 Million in Bitcoin

Microstrategy announced today that it purchased $15 million worth of Bitcoin. The company’s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253 BTC, bringing...

Editorial: MicroStrategy ($MSTR) Stock Price Up By 394% Since First BTC Purchase

MicroStrategy($MSTR), the business intelligence and software solution provider today...

Breaking: MicroStrategy Adds Another $15 Millon Worth of Bitcoin to Their Treasury

Apr 05 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

MicroStrategy, the software giant announced on Monday that they have purchased an additional $15 million worth of Bitcoin at $59,389 apiece. The latest addition of 253 Bitcoins takes...

Mar 22 2021

Michael Saylor Claims His Twitter Exchange With Elon Prompted Tesla to Invest in Bitcoin

Mar 22 2021 Published at Coingape under tags  bitcoin buy bitcoin news btcbrl btcbusd btcdai

MicroStrategy CEO Michael Saylor has become one of the biggest Bitcoin proponents in recent time which is evident from his company's $2.1...

Mar 13 2021

Why Does MicroStrategy Continue To Feverishly Accumulate Bitcoin?

MicroStrategy’s bitcoin strategy is simple: sell software, take profit and store value… just not in dollars.On March 12, Michael Saylor, CEO of MicroStrategy, announced that the company had accumulated another 362 bitcoin, worth $15 million, adding to its huge treasury of BTC. At this point, Saylor and MicroStrategy have demonstrated...

Mar 12 2021

Microstrategy Purchases Additional 262 Bitcoin for $15 Million

Microstrategy now holds more than 90,000 Bitcoin following the CEO's latest purchase. Microstrategy Holds More Than $5 Billion in Bitcoin Serial Bitcoin investor Michael Saylor has...

Just-In: MicroStrategy Buys Another $15 Million Worth of Bitcoin in Cash

MicroStrategy has bought another $15 million worth of Bitcoin in cash today at $57,146 per BTC, taking their total holdings to 91,326. This purchase makes it the third cash purchase for the software giant in...

Mar 10 2021

JP Morgan Builds Basket Of Companies With Bitcoin Exposure

Mar 10 2021 Published at Bitcoinist.com under tags  amd bitcoin btc btcusd btcusdt

MicroStrategy shares skyrocketed alongside the parabolic Bitcoin rally as investors rushed to gain exposure to the trending cryptocurrency any way they could. Banking on this demand, JP Morgan is planning to introduce a new investment product that is a basket of companies with some type of cryptocurrency market exposure. Here's a deeper look at what this new investment product from JP Morgan could...

JPMorgan Cryptocurrency Exposure Basket Marks Turning Point

Reading Time: 2 minutes JPMorgan has filed with the SEC for a debt instrument featuring crypto-exposed companies The JPMorgan Cryptocurrency Exposure Basket will feature MicroStrategy, Square, and Nvidia, among others The development marks a turning point in the bank’s...

Mar 09 2021

Bitcoin Price Records New Weekly High Above $54K After $1.9T Stimulus Senate Approval

Bitcoin price finally breached the key resistance of $52,000 to record a new weekly high of $54,366 after spending most of its past 4 weeks under $50K. Bitcoin's market cap also breached $1 trillion again after the...

Mar 07 2021

Bitcoin Corporate Balance Sheet Watch Monthly Update: February

Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.What started out as a slow trickle of institutional investment pouring into the bitcoin market is developing into a steady stream that will, in time, turn into an all out flood. Let the game theory commence! Prior to 2020, institutional and corporate interest in bitcoin...

Chinese Tech Company of Meitu Buys 379 Bitcoin and 15k Ethereum

Quick take: Meitu, a Chinese Technology Company, has purchased 379.12 Bitcoin and 15k Ethereum The purchase was made on the 5th of March at a cost of $22.1M and $17.9M respectively Meitu made the purchases as part of its crypto investment strategy approved by its board of directors Staking sats and ETH by institutions is now a global affair The Chinese technology company...

Mar 05 2021

Buying Bitcoin Couldn’t Save MicroStrategy Shares From 50% Crash

Mar 05 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price has had one of its largest corrections since the bull market began, and has since struggled to reclaim $50,000. But the scenario is nowhere near as bad for the cryptocurrency as it is for one of its biggest supporters. Although the company's share price had benefitted initially from buying BTC, it wasn't enough to fend off profit-taking and an eventual now...

Microstrategy Now Hodls 91,064 Bitcoins at $24,119 Per BTC

In summary: Microstrategy has purchased 205 additional Bitcoin for $100 million bought at $48,888 each The company now holds 91,064 Bitcoin at an average entry of $24,119 The $47k Bitcoin price area is a level of macro support that has seen the movement of 500k BTC If Bitcoin fails to hold $47k, chances are that $42k is next The software company of Microstrategy...

Microstrategy Buys the Dip, Adds $10 Million Bitcoin

Mar 05 2021 Published at Crypto Briefing under tags  business microstrategy

Microstrategy has again bought the Bitcoin dip. This time, the firm is adding another $10 million to its treasury. Serial Bitcoin Buyers This is...

Just-In: MicroStrategy Buys Additional $10 Million Worth of Bitcoin in Cash

Mar 05 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

MicroStrategy has bought $10 million worth of additional Bitcoin...

Mar 03 2021

Tim Draper Believes Netflix Could be the Next Big Firm to Buy Bitcoin

Mar 03 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Tim Draper, the venture capitalist, and a big-time Bitcoin proponent in a recent interview talked about Bitcoin price, growing institutional adoption, and also reinstated his 2019 Bitcoin price target of $250,000 by end of 2022. Draper also said that Netflix could be the next big firm to add Bitcoin to their balance sheet following Tesla The post Tim Draper Believes Netflix Could be...

Mar 01 2021

MicroStrategy Adds Another $15 Million Bitcoin

Mar 01 2021 Published at Crypto Briefing under tags  bitcoin business microstrategy

MicroStrategy continues apeing into Bitcoin with another additional purchase of 328 Bitcoin at an average price of $45,710. World's Largest Bitcoin Holding Company The recent purchase puts MicroStrategy's Bitcoin count to 90,859 BTC, worth $4.36 billion. Since September last year, the firm has invested $2.186 billion in Bitcoin using its cash balance and raising debt. MicroStrategy's CEO...

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