MicroStrategy Plans to Raise Funds to Buy More Bitcoin

Business intelligence agency MicroStrategy could purchase extra Bitcoin with funds raised from promoting a few of its shares to Cowen and Company and BTIG. The firm, which already has the most important Bitcoin holdings amongst publicly registered corporations, desires to promote $500 million of its Class A shares to these funding companies. MicroStrategy Eyes More … Read more

Bitcoin Rallies into the Weekend as MicroStrategy May Raise $500M to Buy BTC

The largest company bitcoin holder has filed a brand new submitting with the US Securities and Exchange Commission that can basically enable it to buy extra BTC for up to $500 million. The news comes as the cryptocurrency surged previous the $20,000 stage and jumped to a brand new two-week excessive. The filing with the … Read more

DC Attorney General Sues Michael Saylor and MicroStrategy for Tax Fraud

The lawyer basic of the District of Columbia (DC), Karl Racine, accused Michael Saylor of failing in his tax obligations whereas residing in DC whereas additionally alleging that his firm, business intelligence large MicroStrategy, aided Saylor’s tax avoidance. The MicroStrategy govt is likely one of the greatest advocates of bitcoin and has remained bullish on … Read more

DeFiChain adds Intel, Disney, iShares MSCI China ETF, and MicroStrategy dTokens

DeFiChain, the world’s driving blockchain primarily based on the Bitcoin blockchain has declared that it has added 4 new decentralized tokens (dTokens) after a Ticker casting a poll by the native space. The 4 not too long ago added dTokens rely upon 4 sources to be particular Walt Disney Co, iShares MSCI China ETF, Intel … Read more

MicroStrategy Stocks Soared 15% After Michael Saylor Stepped Down as CEO

The former Chief Executive Officer of MicroStrategy – Michael Saylor – abdicated from his post and took one other position on the agency. He will serve as an Executive Chairman of the Board, notably centered on bitcoin advocacy. The news positively impacted MicroStrategy’s shares, surging by 15% inside 48 hours after the announcement. Earlier this … Read more

Saylor Steps Down as MicroStrategy CEO to Double Down on Bitcoin

MicroStrategy co-founder Michael Saylor has relinquished his place as chief govt after reporting a $1 billion loss on the corporate’s Bitcoin holdings. Saylor will assume the newly created place of govt chairman and can proceed to serve as chairman of the board. Focusing primarily on innovation and long-term company technique, Saylor will proceed to conduct … Read more

MicroStrategy CEO Michael Saylor steps down to ‘focus’ on Bitcoin as chairman

Saylor will take on the function of government chairman. | Photo by Joe Raedle / Getty Images Bitcoin advocate Michael Saylor is stepping down as the CEO of the software program firm he co-founded, MicroStrategy, and can as an alternative take on the function of government chairman. Saylor’s perception in Bitcoin has turned the corporate … Read more

Michael Saylor is No Longer the CEO of MicroStrategy

Bitcoin-evangelist and billionaire Michael Saylor has stepped down as the Chief Executive Officer of MicroStrategy – one of the world’s largest company holders of Bitcoin. He will proceed to serve the firm as govt chairman of the board. The news comes as half of MicroStrategy’s Q2 2022 Financial Results Presentation, which explains that Phong Le … Read more

MicroStrategy Stocks Plunged 10% After a Downgrade to “Underporformance”

Jefferies analyst Brent Thill downgraded the software program analytics supplier to “underperform” from “maintain” as the continued crypto shambles failed to show sturdy indicators for a market reversal. The downgrade that categorized the inventory from “maintain” to “underperformance” maintained its worth goal at $180. Following the news and bitcoin dipping beneath $21,000 on Tuesday, shares … Read more

MicroStrategy Selling Rumors Are FUD: CryptoQuant CEO

After an exuberant risk-on rise in Bitcoin’s worth Tuesday, a retracement since Wednesday worn out a lot of the positive factors. Traders blame Tesla’s Q2 earnings report. Bitcoin prices hovered across the $20K stage since mid-June. Markets are watching intently to see what bitcoin whales will do subsequent. Tesla reported dumping 75% of its bitcoin … Read more