Forget Bitcoin, MicroStrategy is up 500% this year, and Michael Saylor explains how the stock has outperformed its underlying assets – Fortune
As crypto bulls continue to wait for Bitcoin to reach the $100,000 milestone, they may want to consider companies that own around 400,000 tokens. MicroStrategy has been on a Bitcoin ride, for better or for worse, since co-founder and executive chairman Michael Saylor poured the software company's fortune into the cryptocurrency in 2020. Recently, his […]
Booming, Risky MicroStrategy ETFs Testing Wall Street’s Limits – Yahoo Finance
(Bloomberg) — As MicroStrategy Inc.’s stock soared last month, Matt Tuttle received bad news from his prime broker about the rapid growth of leveraged ETFs tracking the crypto-focused company’s stock. Most Read Articles on Bloomberg Prime brokers, the division within banks that work with customers on activities such as securities lending, have reached a limit […]
MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Expand Bitcoin Holdings – Decrypt
There is a saying that the early riser gets the worm. In MicroStrategy's case, it has been steadily accumulating Bitcoin for just over four years and is hoping to earn more. MicroStrategy made the announcement Monday night. Plans to raise $1.75 billion to purchase more of the world's largest virtual currency through convertible banknotes, and […]
MicroStrategy to raise $1.75B with 0% interest notes to buy Bitcoin – Cointelegraph
MicroStrategy, the largest corporate holder of Bitcoin, plans to raise $1.75 billion to buy more Bitcoin from senior convertible notes at 0% interest. micro strategy said “We intend to use the net proceeds from this offering to acquire additional Bitcoin and for general corporate purposes,” the company said in a statement on November 18. The […]
MicroStrategy Taps Stock Market to Fund Record Bitcoin Buy – Yahoo Finance
(Bloomberg) — MicroStrategy Inc. has purchased a record $4.6 billion in Bitcoin, fulfilling a plan announced last month to use capital markets to accelerate purchases of cryptocurrencies. Most Read Articles on Bloomberg The enterprise software maker has included the purchase of digital assets in its corporate strategy, acquiring approximately 51,780 Bitcoin between Nov. 11 and […]
T-Rex files for 'ghost pepper' 2X leveraged MicroStrategy ETF – Cointelegraph
Financial services firm T-Rex Group has filed in the U.S. for a leveraged MicroStrategy (MSTR) exchange-traded fund, which one analyst has described as the “ghost pepper” of ETFs because of its potential volatility. Balchunas said that if the fund is approved, investors would be exposed to about 20 times the normal volatility of the S&P […]
MicroStrategy proposes $500 million convertible note offering to acquire more bitcoin – The Block
Business intelligence company and corporate bitcoin holder MicroStrategy is seeking to raise $500 million through a convertible note offering, with an option for an additional $75 million. The company said it will issue the notes due 2032 in a private placement to qualified institutional investors, subject to market conditions and other factors. statement These are […]
MicroStrategy to launch Bitcoin-based decentralized ID solution – Cointelegraph
MicroStrategy, the largest corporate holder of Bitcoin (BTC), announced the launch of a decentralized identity solution on the Bitcoin network that uses ordinal-based inscriptions to store and retrieve information. The solution, MicroStrategy Orange, was announced by Executive Chairman Michael Saylor. meanwhile The company’s Bitcoin For Corporations conference will be held on May 1st. MicroStrategy Orange […]
MicroStrategy Is Building ‘Decentralized ID’ on Bitcoin Using Ordinals-Like Inscriptions – Decrypt
During a presentation at the annual meeting microstrategy world At a conference in Las Vegas, MicroStrategy co-founder and executive chairman Michael Saylor announced the open source MicroStrategy Orange Decentralized Identity protocol. “Michael presented a very compelling case for why we need and have introduced decentralized identities,” Cezary Raczko, MicroStrategy executive vice president of engineering, told […]
‘Asia’s MicroStrategy’ Rockets 90% After Revealing Bitcoin Plan – Decrypt
Metaplanet, a little-known investment company listed on the Tokyo Stock Exchange, has announced plans to adopt Bitcoin (BTC) as a “core treasury reserve asset,” which will push its stock price almost 2. It’s doubled. The company acknowledged in a tweet on Monday that it had already put 1 billion yen (or $6.56 million) into the […]