Michael Saylor Hints at Fresh BTC Accumulation as Legal Clouds Lift
Michael Saylor, executive chairman of MicroStrategy and one of Bitcoin’s most high-profile advocates, has once again turned the spotlight on his company’s crypto strategy. Following recent legal relief that eased regulatory pressures, Saylor has hinted that MicroStrategy may be preparing for another significant Bitcoin purchase, reinforcing its reputation as the largest corporate holder of the […]
MicroStrategy Adds Bitcoin for 8th Consecutive Week
The software developer, MicroStrategy, raised its overall holdings to 446,400 BTC. As usual, executive chairman Michael Saylor hinted at MicroStrategy’s Bitcoin acquisition in a post on X on December 29. According to the company’s securities disclosure filings, it paid $209 million for 2,138 Bitcoin last week. MicroStrategy bought Bitcoin for eight straight weeks, raising its average […]
MicroStrategy Poses As Major Risk to Bitcoin, How?
The aggressive acquisition of BTC by MicroStrategy and the higher MSTR premium over Bitcoin. The following are the potential long-term risks. In the past few weeks, MicroStrategy has been on a Bitcoin purchasing spree, resulting in a significant increase in MSTR stock’s value, reaching an all-time high of $473 in November. Nevertheless, the company’s valuation […]
Metaplanet Stock Soars 6.5% After $62M Bitcoin Acquisition Funding
Metaplanet’s stock surge has continued, targeting gains to 3,000 JPY as the company plans to buy additional $62 million worth of Bitcoin. Metaplanet’s stock rose 6.5% during Thursday’s trading session following the company’s announcement of a $62 million fundraise through the issuance of Moving Strike Stock Acquisition Rights to acquire more Bitcoin. Over the past month, Metaplanet’s […]
MARA Buys 6,474 Bitcoin Through Convertible Notes
On November 27, MARA raised $1 billion through a convertible note to acquire 6,474 Bitcoin, including 5,771 at an average price of $95,395. Mining business MARA, which was formerly known as Marathon Digital, provided investors with an update on November 27. The update detailed the company’s recent 0% $1 billion convertible note offering, which resulted […]