Michael Saylor’s $84 Billion Bitcoin Bet: How Is Strategy Doing On Its Curren...
Michael Saylor’s Bitcoin-first investment strategy has once again taken the spotlight after Strategy (formerly MicroStrategy) laid out an ambitious new plan to scale its BTC holdings. The company now owns over half a million bitcoins, making it one of the biggest institutional players in the crypto market. However, the company isn’t done yet, as recent filings shows an ambitious $84 billion plan to acquire more Bitcoins. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) As the Bitcoin price hovers around $97,000 in early May, the scale of....
Related News
Michael Saylor’s Strategy (formerly MicroStrategy) is now one step closer to adding another $42B worth of Bitcoin ($BTC) to its balance sheet by 2027. Yesterday, Strategy announced a $2B private offering of 0% convertible senior notes, due 2030. Buyers will then be able to convert these notes into cash or MSTR stock. Most importantly, all […]
A notorious altcoiner tried to test Michael Saylor’s commitment to bitcoin and this is what he got. A meme contest. And in this post, you’ll get to see two of the three winners. Don’t scroll down! You should read the whole story first, to get the full effect. The theme of the discussion was the […]
MicroStrategy will not be taking a break from buying and hodling Bitcoin any time soon according to a letter to investors from the company’s CEO, Michael Saylor. MicroStrategy CEO Michael Saylor has proclaimed to shareholders of his company that his firm intends to “vigorously pursue” its reserve assets strategy to buy and hold more Bitcoin.Saylor’s publicly traded company is the largest single-wallet holder of Bitcoin (BTC) in the world with 129,218 BTC according to wallet tracker Bitcoin Treasuries. Those coins are currently valued at about $5.1 billion. MicroStrategy bought 4,197 more....
MicroStrategy’s bold moves into bitcoin wouldn’t be possible without an investor group that’s convinced of its value. The post Who Are The Investors Backing Michael Saylor’s Big Play Into Bitcoin? appeared first on Bitcoin Magazine.
Has Michael Saylor accumulated a digital pile of Bitcoins big enough to join the S&P 500? As it so happens, he actually has. But whether or not Strategy Inc. (formerly MicroStrategy) will join the prestigious list of Wall Street companies remains to be seen. Regardless, with eye-popping earnings and a Bitcoin-centric balance sheet, the company’s […]