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Microstrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale

On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company…

Continue ReadingMicrostrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale

Microstrategy Boosts Bitcoin Holdings to 205,000 BTC After $800 Million Capital Raise

Microstrategy has bought 12,000 more bitcoins after completing a $800 million convertible note offering. The Nasdaq-listed company now holds a total of 205,000 bitcoins, acquired for an average of $33,706…

Continue ReadingMicrostrategy Boosts Bitcoin Holdings to 205,000 BTC After $800 Million Capital Raise

Microstrategy’s Bitcoin Portfolio Value Soars to $13.2 Billion, Marking a 116% Gain

According to the latest figures, Microstrategy’s investment in bitcoin has doubled, showing a 116% increase after the cryptocurrency’s value experienced a significant rise this past week. The company, specializing in…

Continue ReadingMicrostrategy’s Bitcoin Portfolio Value Soars to $13.2 Billion, Marking a 116% Gain

Microstrategy Augments Bitcoin Portfolio by 3,000, Reaching 193,000 BTC Worth $9.88 Billion

On Monday, Feb. 26, 2024, Microstrategy’s Executive Chairman, Michael Saylor, shared that his company has expanded its bitcoin holdings by 3,000, elevating its total to 193,000 bitcoins valued at $9.88…

Continue ReadingMicrostrategy Augments Bitcoin Portfolio by 3,000, Reaching 193,000 BTC Worth $9.88 Billion

Microstrategy’s Bitcoin Investment Flourishes, Valued at Nearly $10 Billion

Based on the latest available data, the Nasdaq-traded Microstrategy possesses 190,000 bitcoins, acquired at a cost of $5.96 billion. Presently, the value of the company’s bitcoin holdings has swelled to…

Continue ReadingMicrostrategy’s Bitcoin Investment Flourishes, Valued at Nearly $10 Billion

MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.

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MicroStrategy stock flips bullish with MSTR a Bitcoin ‘proxy’ for institutional investors

The bullish setup has appeared after MSTR's increasingly positive correlation with Bitcoin, the flagship cryptocurrency which has surged 339% year on year and is now struggling to close above $50,000.

Continue ReadingMicroStrategy stock flips bullish with MSTR a Bitcoin ‘proxy’ for institutional investors