Tag: microstrategy

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...

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...

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...

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

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...

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

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...

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...

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...

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...

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...

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...

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...

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...

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...

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

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

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...

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...