MicroStrategy was born a software company, but at this point it's best known for its massive bitcoin holdings — and it may be changing its name to reflect as much.
Their biggest backers include an unlikely group of insurance companies, mutual funds and other usually conservative bond investors. The software company turned itself into a bitcoin whale and now owns some $48 billion of the cryptocurrency.
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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 revealed in a press release that it purchased 10,107 BTC for $1.1 billion at an average price of $105,596 per Bitcoin, achieving a year-to-date (YTD) BTC yield of 2.90%. With this latest purchase, MicroStrategy now holds 471,107 Bitcoin, according to Michael Saylor’s latest tweet.
Bitcoin is down Monday, but MicroStrategy keeps buying, revealing its 12th straight weekly BTC purchase as its stash nears $50 billion.
MicroStrategy Inc. bought $1.1 billion of Bitcoin, as the company gears up for a shareholder vote on a 30 times increase its authorized Class A shares.
CNBC's Jim Cramer has told audiences to own Bitcoin over investing in Virginia-based Bitcoin treasury firm MicroStrategy.
Nasdaq-listed Nuvve is the latest company to announce a Bitcoin reserve: The green energy firm will allocate 30% of its cash to the asset.
MicroStrategy unveiled its Series A Perpetual Strike Preferred Stock (STRK) with an 8% cumulative dividend. MicroStrategy’s preferred stock offering unlocks a new way to raise