Category: microstrategy

US SEC Approves an ETF Tracking the Performance of Bitcoin-Investing Companies

Just four months after the application, Volt Equity’s Volt Bitcoin Revolution ETF has received the green light from the US Securities and Exchange Commission. It will provide investors the option to invest in companies with direct exposure to BTC, such as MicroStrategy. Back in early June this year, the California-based firm Volt Equity filed with […]

Continue Reading

Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community

Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community

Over the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative […]

Continue Reading

Bitcoin Will Benefit From Proper Cryptocurrency Regulations, Says Michael Saylor

Bitcoin Will Benefit From Proper Cryptocurrency Regulations, Says Michael Saylor

MicroStrategy’s CEO opined that implementing the proper regulatory rules on the cryptocurrency industry would be highly beneficial to bitcoin. He once again praised the merits of the primary cryptocurrency, saying it is “the only investable asset” for institutions. Clarity Would Be Good for BTC In a recent interview for Bloomberg, the American billionaire Michael Saylor […]

Continue Reading

Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC

Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC

Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at […]

Continue Reading

Breaking: MicroStrategy Buys Additional 5K Bitcoin ($BTC) Worth $243 Million

Microstrategy has continued its Bitcoin buying streak in September as the company bought an additional 5,050 BTC worth $242.9 million at $48,099 per $BTC. The latest purchase takes MicroStrategy’s total Bitcoin investment to over $3 billion. This would also mark the Fortune 500 companies’ biggest one-time cash purchase. The company now holds a total of […]

Continue Reading

Bitcoin Attains its 700,000th Block: Milestones, Criticisms and Future Prospects

The Bitcoin Blockchain has produced its 700,000th block, after more than 12 years in existence.  Happy 700000th block, #bitcoin! https://t.co/24mpVKXK8e — Pieter Wuille (@pwuille) September 11, 2021 According to data from Blockchain.com, the historic block height was recorded by an unknown miner, atop about 1,276 transactions within the block. The milestone is a function of […]

Continue Reading

What happens to MicroStrategy’s multi-billion dollar bitcoin bet if BTC crashes?

What happens to MicroStrategy’s multi-billion dollar bitcoin bet if BTC crashes?

Quick Take MicroStrategy has invested nearly $3 billion in bitcoin. The bet is largely backed by loans worth over $2 billion. What happens if bitcoin (BTC) crashes? This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Get free Bitcoin Bitcoin Generator

Continue Reading

Why MicroStrategy Executives Are Selling Their Stocks? Here’s the Bitcoin (BTC) Connection

MicroStrategy, the Fortune 500 company that started the trend of public companies holding Bitcoin (BTC) on their balance sheet recently filed their monthly report with the SEC. The latest filing has got the crypto community abuzz as it revealed some of the top executives in the company have unloaded their stocks. The monthly filing revealed […]

Continue Reading

Bitcoin (BTC) Market Crash: Wild Theory Suggests Michael Saylor and MicroStrategy Behind it

Bitcoin’s (BTC) price crashed by over 20% within an hour to register the biggest market sell-off since May. The price of the top cryptocurrency fell to a new monthly low of $43,685 even though BTC was targeting $53K earlier in the day. BTC has recovered nearly $3K from yesterday’s fall and currently trading at $46,657. […]

Continue Reading

Microstrategy Avoids ‘Multi-Billion Dollar Mistake’ by Choosing Bitcoin Over Gold

Microstrategy Avoids ‘Multi-Billion Dollar Mistake’ by Choosing Bitcoin Over Gold

Nasdaq-listed company Microstrategy has avoided a “multi-billion dollar mistake” by choosing to invest in bitcoin instead of gold. The company now holds about 108,992 bitcoins. ‘Multi-Billion Dollar Mistake’ Avoided The Nasdaq-listed software company Microstrategy has avoided making a mistake that could have cost the company multi-billion dollars. CEO Michael Saylor tweeted Sunday: If I had […]

Continue Reading