Microstrategy’s bold move to accumulate bitcoin has drawn its share of fire from critics, largely due to the financial hazards and strategic questions it raises. Bubble Trouble? Critics Call Microstrategy Stock a ‘Ponzi Scheme’ Since 2020, the business intelligence firm has been on a bitcoin shopping spree, with its latest acquisition adding 55,500 BTC to […]
Microstrategy shares have jumped 171% in just six months, drawing both admiration and skepticism. While MSTR stock trades at a premium, critics and short-sellers argue the company is deep in bubble territory. MSTR Rally Sparks Skepticism, Renowned Shorter Say Stock Is ‘Overheated’ Bitcoin’s meteoric rise has turned out to be a windfall for Microstrategy (Nasdaq: […]
The recent rise in the price of bitcoin due to geopolitical issues is prompting nations to consider introducing BTC as part of their reserves. In this context, countries like El Salvador, which is already purchasing bitcoin, might consider issuing debt to fund larger purchases. El Salvador Could Increase Its Bitcoin Purchases Issuing Debt Bitcoin has […]
Peter Schiff warns that Microstrategy’s $ 42 billion plan to boost bitcoin holdings, funded by debt and equity, risks a dangerous liquidity trap. He called Michael Saylor “the Egg Man.” Liquidity Trap Looms? Schiff’s Ominous Message for Microstrategy’s Bold Plan Economist and gold advocate Peter Schiff has called out Microstrategy executive chairman Michael Saylor’s …
Samara Asset Group, a Malta-based investment company focused on seeding tech and crypto startups, aims to follow the Microstrategy playbook by announcing a bond whose proceeds will grow its bitcoin portfolio. Co-founded by cryptocurrency proponent Mike Novogratz, the company’s mission is to empower its shareholders “to participate in the performance of their strategies and disruptive […]
On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding […]
After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $ 13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second Best’ index once hinted that investing in ethereum might have been a wiser choice for Microstrategy, …
According to the latest figures, Microstrategy’s investment in bitcoin has doubled, showing a 116% increase after the cryptocurrency’s value experienced a significant rise this past week. The company, specializing in business intelligence, has acquired a total of 193,000 bitcoins at an expenditure of $ 6.122 billion, with the current market value of their holdings …
Based on the latest available data, the Nasdaq-traded Microstrategy possesses 190,000 bitcoins, acquired at a cost of $ 5.96 billion. Presently, the value of the company’s bitcoin holdings has swelled to $ 9.88 billion. This marks a 66% increase in the firm’s bitcoin portfolio, a stark contrast to its performance just eight months …
Microstrategy’s executive chairman, Michael Saylor, is selling $ 216 million of his company’s shares, according to a filing with the U.S. Securities and Exchange Commission (SEC). The pro-bitcoin executive intends to use some of the proceeds to acquire additional bitcoin for his personal holdings. Michael Saylor Plans to Buy More Bitcoin for Himself Microstrategy …
Recent statistics reveal that Microstrategy, a company known for its business intelligence, mobile software, and cloud services, has seen a significant increase of over 30% in its bitcoin investments. The company invested a total of $ 5.314 billion, with the current value of its bitcoin cache reaching $ 6.915 billion, marking a substantial …
Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $ 5.28 billion. Since adopting its bitcoin strategy, Microstrategy’s stock has outperformed major asset classes and indices. Microstrategy’s Bitcoin Treasury Rises to 174,530 Coins …
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $ 4.53 billion, and it has plans to buy even more. Microstrategy’s Stock Outperforms Bitcoin, S&P500, Nasdaq, Gold, Silver The stock of …
Five months ago, Bitcoin.com News published a story concerning the speculation surrounding the third-largest bitcoin wallet, as many observers believe the address is a mega whale. The report noted at the time that the address “1P5ZED†shows all the tell-tale signs that it’s an exchange platform, but to this very day speculators still assume …