Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.
Why Michael Saylor’s MicroStrategy is a brilliant blueprint for manipulating traditional finance to harness the pixie dust of crypto mania.
MicroStrategy’s stock is set to snap the longest losing streak it’s seen in a year after adding another bullish analyst on bitcoin to its camp.
In a little less than three months, MicroStrategy has spent nearly half of its three-year, $42 billion capital plan to buy bitcoin.
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy (MSTR) brought its bitcoin holdings to 471,107 following another week of accumulating tokens. Alongside,
MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.
MicroStrategy’s relentless Bitcoin buying spree continues, adding 10,100 BTC for $1.1 billion. With 471,100 BTC now in its treasury, valued at $46 billion, the firm reinforces its commitment to a Bitcoin-centric strategy amid market volatility.
MicroStrategy continues its ambitious Bitcoin acquisition strategy with a $1.1 billion purchase of 10,107 BTC, bringing its total holdings to 471,107 BTC, while implementing new financing mechanisms to support future cryptocurrency investments.
Bitcoin bonds” offer insurers a less risky way to purchase cryptocurrency.
Bitcoin is down Monday, but MicroStrategy keeps buying, revealing its 12th straight weekly BTC purchase as its stash nears $50 billion.
Virginia-based MicroStrategy (MSTR) is no ordinary software firm. While its roots lie in enterprise analytics, it has rewritten its own playbook, transforming into the largest corporate holder of Bitcoin (BTCUSD).