The Currency analytics
By Julie Binoche
MicroStrategy bought more bitcoin again. The software company picked up 855 coins for roughly $75.
Talk about bad timing. The purchase happened just days before bitcoin took a nosedive over the weekend, dropping below $75,000 and putting MicroStrategy's massive crypto bet…
MicroStrategy funded the latest buy through stock sales, pretty much their standard playbook at this point.
Saylor didn't seem fazed by the volatility. He's been vocal about bitcoin's long-term potential and told investors during a January 31 webcast that bitcoin remains central to…
The company raised its dividend on Series A Perpetual Stretch Preferred Stock to 11.25% to boost bitcoin buying power.
MicroStrategy stock got hammered Monday, falling over 7% in premarket trading to $138.49 - a multi-year low.
Bitcoin's trading at $77,822 right now with $86 billion in 24-hour volume. That's down about 1% today, sitting 1% below last week's high of $78,611 but roughly 4% above the…
MicroStrategy remains the biggest corporate bitcoin holder by far. They've shown no intention of backing off their aggressive buying strategy, even when timing doesn't work out…
Market analysts are watching MicroStrategy's next moves closely after the weekend volatility.
The recent purchase came against a backdrop of significant market turbulence. Bitcoin's volatile price movements in early February reminded everyone about the asset's inherent…
During that investor call, Saylor emphasized bitcoin as a critical component of their corporate treasury policy.
The firm's stock decline to $138.49 reflects market concerns about bitcoin's unpredictable nature.
MicroStrategy didn't respond to requests for comment about future acquisition plans.
The company's bitcoin strategy has attracted both institutional followers and vocal critics since Saylor first announced the pivot in 2020.
Wall Street analysts remain split on MicroStrategy's approach, with some viewing it as innovative corporate treasury management while others see it as reckless speculation.