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MicroStrategy Buys More Bitcoin for 7th Consecutive Week
MicroStrategy continues its bitcoin buying spree for the 7th straight week as the crypto dips below $100,000
"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.
MicroStrategy Buys More Bitcoin for Seventh Consecutive Week
MicroStrategy Inc., which is set to enter the Nasdaq 100 Index on Monday, announced it had purchased an additional $561 million of Bitcoin at an average price near last week’s record high.
MicroStrategy Continues Bitcoin Buying Spree, Adds $561 Million Worth of BTC
Nasdaq-listed business intelligence firm MicroStrategy has announced the acquisition of an additional 5,262 bitcoin at an average price of $106,662 per BTC, with the purchase costing the firm around $561 million in total.
MicroStrategy paid well over $100,000 per coin
MicroStrategy Just Bought More Bitcoin. Its Latest Purchase Was a Lot Smaller.
The company, the largest corporate holder of the cryptocurrency, continued a string of weekly purchases that began in early November.
MicroStrategy paid well over $100,000 per coin in its latest bitcoin purchases
MicroStrategy’s stock falls after the sale of $561 million worth of shares was used to buy bitcoin at more than $106,000 each.
MicroStrategy valued at more than twice its bitcoin holdings, WSJ says
MicroStrategy (MSTR) bulls “hold a feverish allegiance to the company that transcends the attention everyday investors pay to humdrum
decrypt
9h
MicroStrategy Shares Fall Amid $516 Million Bitcoin Buy and Nasdaq-100 Entry
MicroStrategy unveiled a Bitcoin purchase for the seventh consecutive week, topping off its corporate coffers alongside its ...
3d
MicroStrategy Hits The Nasdaq 100: What It Means For The Bitcoin Firm
MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index, beginning one of the ultimate vampire attacks on ...
8h
MicroStrategy's Additional $561M Bitcoin Bet: Bold Move or Bubble Waiting to Burst?
MicroStrategy's Additional $561M Bitcoin Bet: Bold Move or Bubble Waiting to Burst?
CoinDesk
5d
How MicroStrategy and Others Are Taking on Billions in Debt to Buy More Bitcoin
Michael Saylor has raised $6 billion in convertible bonds, with $18 billion more to come. His strategy is unprecedented — ...
cryptoglobe
9d
MicroStrategy and Bitcoin: A Perpetual Machine or a House of Cards?MicroStrategy and Bitcoin: A Perpetual Machine or a House of Cards?
Is it a perpetual money machine or a high-stakes gamble dependent on Bitcoin's price? Examining the risks, rewards, and ...
2d
MicroStrategy’s ‘financial engineering’ powers ascent to Nasdaq 100
Convertible bonds to fund bitcoin purchases have been lapped up by investors, but some fear impact if token falls sharply ...
3d
MicroStrategy And Its Bitcoin Business Deserve More Respect Than Many Are Giving It
MicroStrategy's business acumen is worth something, so the stock deserves to sell at a premium to the company’s bitcoin ...
12h
MicroStrategy Buys a Further 5,262 BTC as Stock Joins Nasdaq 100
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR)MicroStrategy (MSTR), the software developer that has made ...
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