Microstrategy chief Michael Saylor says Bitcoin is an exit strategy
“People joke that Bitcoin isn’t really a trading strategy, it’s an exit strategy” says Microstrategy CEO Michael Saylor. The CEO of business intelligence firm Microstrategy Michael Saylor has vehemently defended the firm’s optimistic, long-term Bitcoin (BTC) position, citing the cryptocurrency’s unique ability to expand into “the future of the property.” Saylor stated in an interview […]
Peter Schiff calls MicroStrategy’s CEO “mad”
Peter Schiff the CEO of Euro Pacific Capital on Twitter called MicroStrategy’s CEO Michael Saylor “mad” for trying to Pump Bitcoin. He also joked about the CEO taking his Bitcoin to the grave. Michael Saylor, the CEO of MicroStrategy, has turned to Twitter to criticize Peter Schiff, the CEO of Euro Pacific Capital and a […]
MicroStrategy: Stock Plummets As Bitcoin Bounces
MicroStrategy (MSTR) shares fell as much as 12% on Tuesday, amid hints of resilience in the broader US stock market. MicroStrategy (MSTR) stock fell again on Tuesday, extending an early-week decline fueled by a highly volatile cryptocurrency market that saw Bitcoin (BTC) momentarily break above the $30,000 barrier. During the early morning trade, MSTR hit […]
MicroStrategy Goes Down After Purchasing Bitcoin
After the Bitcoin purchase of MicroStrategy’s stock price crumbled in early trading on Monday, MicroStrategy fell 7.5%, as investors showed a more cautious attitude towards the company’s cryptocurrency investments. In its most recent purchase, the company spent roughly $489 million to procure 13,005 tokens. At the time of the disclosure, the price of Bitcoin continued […]
MicroStrategy expands its Treasury with Bitcoin worth $489M
MicroStrategy has added $489 million worth of Bitcoin to its treasury, now holding twice the value of Bitcoin as Elon Musk . Despite the current struggling price of the largest cryptocurrency by market capitalization, MicroStrategy has purchased more Bitcoin (BTC). According to Monday’s announcement, the business intelligence company purchased 13,005 BTC at an average price […]