The US Securities and Exchange Commission (SEC) has extended its review period on the launch of crypto asset management company 7RCC’s Bitcoin spot ETF (exchange-traded fund). SEC Extends Deadline For 7RCC’s Bitcoin Spot ETF In a notice published on Thursday, May 2nd, the SEC said it will now decide to approve or disapprove the 7RCC […]
As global geopolitical tensions escalate, the cryptocurrency market finds itself in a precarious position, with Bitcoin, the flagship digital asset, facing a significant test of its resilience. MicroStrategy co-founder Michael Saylor’s recent remarks on the potential benefits of chaos for Bitcoin have sparked discussions within the crypto community. However, the current market conditions paint a […]
Kerrisdale Capital, a hedge fund, today disclosed a nuanced investment thesis: going long on Bitcoin while concurrently taking a short position on MicroStrategy shares. This move is predicated on the assessment that MicroStrategy, which has positioned itself as a de facto Bitcoin investment vehicle, is trading at a significantly unjustified premium to the underlying cryptocurrency […]
On Tuesday, MicroStrategy announced the acquisition of an additional 9,245 BTC for approximately $623.0 million, using proceeds from convertible notes and excess cash. This purchase brings the company’s total holdings to 214,246 BTC. This figure represents more than 1.0% of the total 21 million Bitcoin that will ever exist, marking a significant milestone for both […]
Even after reaching a new all-time high on March 11, the founder of LookintoBitcoin, Philip Swift, in a post on X, believes the Bitcoin bull market is just getting started and has “a long way to go.” Supporting this bullish preview, Swift points to a popular on-chain metric, the MVRV Z-Score, which currently sits at 2.87. Bitcoin […]
Here’s how the Bitcoin holdings of Michael Saylor’s Microstrategy stack up against the spot exchange-traded funds (ETFs) and other large holders. Bitcoin Holdings Of Microstrategy & Other Large Holders Compared In a post on X yesterday, HODL15Capital shared a table that compared the data for the holdings of the various large entities in the Bitcoin […]
MicroStrategy, the intelligence and software company known for its investment in Bitcoin, has released plans to double down on its holdings of the digital currency. Particularly, the company announced a private offering of $600 million worth of convertible senior notes due 2030 in order to stock up more Bitcoin. On the other hand, Bitcoin’s price […]
The crypto community is once again on high alert after hackers compromised the official X account (previously known as Twitter) of business intelligence firm MicroStrategy. The attack, which took place on Monday morning, involved the distribution of malicious links promoting a fake airdrop of a non-existent “MSTR” token based on the Ethereum blockchain. Unwary users […]
MicroStrategy Shifts Focus To Bitcoin Development, Amasses $9.5 Billion In BTC Holdings | Bitcoinist.com
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MicroStrategy, the renowned business intelligence firm founded by Bitcoin (BTC) advocate Michael Saylor, has witnessed a significant increase in its holdings as Bitcoin continues to soar to new heights, bolstered by the introduction of Bitcoin spot exchange-traded funds (ETFs). In a recent interview with CNBC, Saylor delved into the implications of ETFs and shed light […]
A crypto analyst is bullish on Bitcoin (BTC), saying the market should expect a “supply shock of all supply shocks” when the network halves its miner rewards in roughly two months. The Bitcoin Mining Event In Focus Taking to X, Ted believes BTC prices will float higher after Bitcoin halves in April 2024. This event, set at […]
MicroStrategy’s co-founder Micheal Saylor looks to be building a ‘Bitcoin Strategy’ of his own. This can deduced from a recent report, which shows that he has begun to sell off some of his company’s stocks in a bid to acquire more of the flagship cryptocurrency. According to a Bloomberg report, Michael Saylor sold between 3,882 […]
Michael Saylor, the Executive Chairman and Co-founder of business intelligence company MicroStrategy Inc., has shared his optimism on Bitcoin (BTC), providing key factors that will drive the crypto asset’s adoption. Michael Saylor On Bitcoin Adoption In 2024 Former MicroStrategy CEO Michael Saylor recently revealed the catalyst that will propel Bitcoin higher in an interview with […]