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T-Rex Group Files for Leveraged ETFs Targeting Microstrategy’s Bitcoin-Heavy Portfolio

T-Rex Group has filed for exchange-traded funds (ETFs) that aim to leverage the daily performance of Microstrategy Incorporated (MSTR). The proposed ETFs will take 2x long and 2x inverse positions…

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Summer Consolidation to Precede US Election ‘Fireworks’ in Crypto Markets, Says QCP Capital 

Despite several bullish indicators, including a significant bitcoin purchase by Microstrategy and optimistic projections by notable figures, bitcoin’s price action remains subdued. Market analysts at QCP Capital shed light on…

Continue ReadingSummer Consolidation to Precede US Election ‘Fireworks’ in Crypto Markets, Says QCP Capital 

Microstrategy Increases Bitcoin Portfolio to 226,331 BTC After Latest Purchase

Nasdaq-listed Microstrategy has acquired 11,931 more bitcoins for $786 million, raising its total cryptocurrency holdings to 226,331 bitcoins, valued at $8.33 billion with an average purchase price of $36,798 per…

Continue ReadingMicrostrategy Increases Bitcoin Portfolio to 226,331 BTC After Latest Purchase

MicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700 Million

Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s…

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MicroStrategy Announces $500M Convertible Senior Note Offering to Buy More Bitcoin

Business intelligence firm and long-time Bitcoin holder MicroStrategy announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. Interestingly, the proceeds of this initiative will…

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Microstrategy Proposes $500M Convertible Senior Notes Offering to Acquire Additional Bitcoin

Microstrategy has announced its intention to offer $500 million of convertible senior notes due 2032 in a private offering, subject to market conditions. The company also expects to grant the…

Continue ReadingMicrostrategy Proposes $500M Convertible Senior Notes Offering to Acquire Additional Bitcoin