MicroStrategy has become a major player in the crypto realm since it began purchasing Bitcoin. Its holdings have seen it solidify its place as the public company with the largest bitcoin holdings in the world. A notable fact is that the company had bought a good chunk of its BTC during the bull rallies of … Read more
The frantic price action in the cryptocurrency market does not seem to faze the uber-bullish billionaire CEO of tech firm MicroStrategy. Michael Saylor has yet another bold prediction for Bitcoin, even as his favorite cryptocurrency struggles to hold on to the $30,000-mark. The exec, who started to build up his Bitcoin reserve in 2020, reiterated … Read more
Shares of GBTC are trading below prices seen during the 2017 bull run and markets are repricing the level of risk of holding MicroStrategy equity. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain … Read more
Michael Saylor’s company faced unrealized losses for the first time on Monday as bitcoin dipped below its average purchase price. The largest corporate bitcoin holder is on the red. Bitcoin dipped to $30,330 on Monday. MicroStrategy paid an average of $30,700 for each bitcoin it holds. The largest corporate holder of bitcoin, MicroStrategy, was at … Read more
Michael Saylor said that in addition to 115,109 BTC, MicroStrategy could pledge ‘some other collateral’ if needed. MicroStrategy CEO Michael Saylor implied the company will not sell its bitcoin. The firm has 115,109 BTC available to pledge as collateral for its bitcoin-backed loan and could put some other collateral available if needed, he added. MicroStrategy … Read more