MICROSTRATEGY
MicroStrategy is the largest independent publicly-traded business intelligence company (Nasdaq: MSTR). On July 28, 2020, it announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses.
MicroStrategy Plans to Raise $400M Of Debt to Add More Bitcoins on Its Balance Sheet
MicroStrategy Inc. plans to borrow $400 million through senior secured notes from qualified institutional buyers. The company plans to use the proceeds made from the sales to purchase more Bitcoins.
MicroStrategy Scoops Up Extra 229 BTC Worth $10M
MicroStrategy topped up an additional 229 BTC in cash to its Balance Sheet, which worth as much as $10 million.
MicroStrategy Acquires an Additional 271 Bitcoins for $15 Million
MicroStrategy’s CEO Michael Saylor has revealed that the firm has scooped up an additional 271 Bitcoins for $15 million.
MicroStrategy May Sell Some of Its Bitcoins
In its latest earnings report, MicroStrategy said it may sell off some of its Bitcoin in the future.
MicroStrategy Announces Plans to Pay Its Board of Directors in Bitcoin
MicroStrategy has announced that some of its board of directors are now being paid in Bitcoin
HSBC Prohibits Clients from Trading Bitcoin-Backed MicroStrategy Stock
HSBC has ramped up its anti-crypto policy, banning its clients from trading MicroStrategy stock as the banking institution deems it to be “a virtual currency product.”
Tesla CEO Elon Musk Says You Can Now Buy a Tesla With Bitcoin
Elon Musk has revealed that customers can now purchase Tesla cars with Bitcoin as the mode of payment.
Institutional Bitcoin Adoption Continues as MicroStrategy, Square, and Tesla Ramp Up Crypto Interest
The institutional flow of funds into Bitcoin is a tool to help guarantee market stability and attract improved regulations for the crypto industry.
MicroStrategy Scoops Up an Additional 205 Bitcoins for $10 Million
MicroStrategy has purchased an additional 205 BTC, bringing the firm's holdings to 91,064 Bitcoins.
Peter Schiff Criticizes Investors who Succeeded in Getting Wall Street to Buy into the Bitcoin Mania
Peter Schiff has yet again expressed his disappointment at BTC proponents that has stirred increased Wall Street participation in crypto.