The last three months in Bitcoin have been marked...
Summary: MicroStrategy CEO, Michael Saylor, has categorized Bitcoin as an asset and not a commodity He explains that commodities are abundant and should be traded Additionally, assets such as Bitcoin are scarce and should be owned His comments were as a result of Mr. Saylor pledging to convince the CEO of Hedeye, Keith McCullough, to reconsider his decision to sell all his Bitcoin...
Bitcoin (BTC) traders and investors may face a supply deficit as major firms increase their stockpiling of the cryptocurrency, according to Dan Tapeiro of New York-based global macro fund DTAP Capital. "SHORTAGES of Bitcoin [is] possible," the founder...
Summary: MicroStrategy CEO, Michael Saylor, has pointed out that Bitcoin is a worthwhile investment for anyone playing the long game He pointed out that any asset can work if your investment time horizon is one year But Bitcoin works if your investment time horizon is one century In a recent tweet, the CEO of MicroStrategy, Michael Sayler, explained that Bitcoin was a long-duration...
Summary: Veteran Bitcoin analyst, Willy Woo, has stated that Square and MicroStrategy buying Bitcoin is a tip of the Iceberg He explains that the last 8 months has seen a reduction of 250,000 BTC from exchanges This reduction could be 'unannounced' investors including high net worth individuals buying up Bitcoin 'Whales like to swim together' therefore Square and MicroStrategy are not the only...
In a major announcement on Thursday, October 8, Jack Dorsey-backed Square Inc. (NYSE: SQ) announced that they have invested a massive $50 million in Bitcoin. With the total purchase amount of 4,709 BTC, the purchase happened at...
MicroStrategy CEO and founder Michael Saylor has made a startling move. The entrepreneur recently moved $425 million of MicroStrategy assets to Bitcoin (BTC). The American entrepreneur threw more light on the basis of his decision in a YouTube interview with Stansberry Research. Saylor, during...
Reports have revealed that Grayscale Investments now controls up to 2.4% of the current BTC supply. In the past week, Grayscale Investments, a crypto fund manager, have experienced an increase in the assets under management in its Bitcoin Trust. This increase occurs at more than $180 million. Bitcoin acquisition by Grayscale Investments According to the data from Bybt Pro, in the last...
Business Intelligence Firm MicroStrategy created a massive buzz by announcing BTC purchase worth $425 million. Earlier this week, MicroStrategy CEO Michael Saylor disclosed how the company decided to pour almost...
We recently reported about the NASDAQ listed American IT-company MicroStrategy investing a large part of their reserves in Bitcoin. MicroStrategy made headlines by purchasing 21,454 BTC (back then approx. worth $250 Million). Yesterday, the CEO of the IT company, Michael Saylor, announced the purchase of another 16,796 BTC to bring their total reserves up to 38,250 Bitcoins, the current equivalent to $425 Million....
In the midst of massive quantitative easing, a global pandemic and uncertainty for the future of the U.S. dollar, a whopping 21,454 BTC was just swiped off the market by intelligence and mobile software company MicroStrategy. Bitcoin Twitter picked up on the news yesterday when Matt Walsh and Nic Carter shared...
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