Tag: MicroStrategy

MicroStrategy, now positioning itself as a Bitcoin development company, has announced plans to raise $500 million through a convertible senior notes offering. The company aims to utilize the proceeds to acquire additional Bitcoin, further bolstering its cryptocurrency holdings. This comes shortly after MicroStrategy closed an $800 million convertible debt financing, used to purchase an additional 12,000 Bitcoins.

BlackRock, one of the world’s largest asset management firms, has officially updated its spot Bitcoin ETF Bitcoin holdings data, revealing a significant increase in its cryptocurrency assets. As of March 11, the firm’s Bitcoin holdings surpassed 200,000, reaching 203,754.8 BTC, with a market value of approximately US$14.76 billion.

MicroStrategy, a renowned business intelligence firm, has made a significant investment move by acquiring approximately 12,000 bitcoins, totaling around $821.7 million in cash between February 26, 2024, and March 10, 2024. This announcement sent shockwaves through the cryptocurrency market, propelling the price of Bitcoin to exceed $72,000.

Michael Saylor, CEO of MicroStrategy, emphasized the superiority of Bitcoin as digital property over traditional investments like Gold, Equity, or Real Estate. He highlighted Bitcoin’s digital nature, global accessibility, ethical qualities, and widespread utility as key factors that set it apart.

During the Madeira Bitcoin conference, MicroStrategy CEO Michael Saylor remarked, “We thought that maybe Bitcoin was a competitor to gold, but it has actually run up the leaderboard, and now it’s starting to nip at the heels of the S&P 500 Index ETFs.” He expressed surprise at the success of the new Bitcoin ETFs, which have collectively attracted $8.5 billion in net inflows within two months of their launch.

Saylor emphasized the significance of ETFs as a “universal API” for investors, simplifying the process of trading various funds, including BTC. He described ETFs as a global protocol for trading volatility or issuing credit, opening up new avenues for investors.

MicroStrategy, a prominent company known for its strategic investments in Bitcoin, has announced plans to issue $600 million in convertible senior notes due in 2030. The move aims to facilitate the acquisition of additional Bitcoin and support general corporate purposes.

MicroStrategy’s chairman and bitcoin evangelist, Michael Saylor, has seen a significant surge in his wealth this week, as his company’s shares jumped by 40% amidst…

MicroStrategy, a prominent business intelligence firm known for its significant Bitcoin holdings, faced a security breach on its Twitter account. The breach resulted in the posting of a phishing airdrop link, leading to financial losses for unsuspecting users. According to reports from ZachXBT, an analyst and cryptocurrency commentator, the hack has resulted in a loss of approximately $440,000. ZachXBT shared details of the incident on Twitter, revealing the wallet address associated with the compromised funds: 0xe7645b8672b28a17dd0d650a5bf89539c9aa28da. The phishing scam likely targeted users with promises of free airdropped tokens or cryptocurrency rewards, enticing them to click on the fraudulent link shared via MicroStrategy’s compromised Twitter account. Once users interacted with the malicious link, their funds were redirected to the attacker’s wallet, resulting in substantial financial losses.

MicroStrategy, a prominent player in the business intelligence sector, has recently bolstered its Bitcoin holdings with the acquisition of an additional 3,000 BTC. This move,…

MicroStrategy Executive Chairman Michael Saylor declared his unwavering commitment to Bitcoin, stating the company has no plans to sell any of its holdings in the near future. This stance comes amidst growing institutional interest in digital assets, fueled by the recent launch of Bitcoin ETFs.