Tag Archives: Michael Saylor

The Turkish lira – Turkey’s national currency – has been in a state of freefall for the last three months and has lost around 35% of its value against the US dollar. This has been the result of the President’s somewhat controversial policies and decisions, the latest of which led to a 15% daily drop against USD. In September, President Recep Erdogan also declared war on bitcoin, aiming to pave the way for implementing the digital lira. Since then, Turkey has suffered...

Many crypto analysts believe the digital currency space is likely to hit $3 trillion in the coming weeks given how many assets – including Ethereum, Solana and Binance’s BNB Coin – have experienced heavy price surges. Ethereum and Other Assets Are Pushing Ahead These, along with several other currencies, have experienced “double-digit” gains over the past few weeks. In addition, bitcoin has been scaling back, which has ultimately given many of the world’s smaller tokens...

Elon Musk has asked his millions of Twitter followers whether to sell 10% of his Tesla stock. The question is what to do with the proceeds, and bitcoin proponents, such as Michael Saylor and Max Keiser, have explained the benefits if he decided to buy BTC with the money. Musk to Sell 10% of His Tesla Stock? The CEO of the world’s largest EV maker took a rather unorthodox approach in regards to his financial future. He asked his multi-million fan base on Twitter whether he...

Michael Saylor – the man behind software firm MicroStrategy – has become a certified BTC billionaire. Saylor Has a Lot of Bitcoin Both Saylor and his company have done remarkable well when it comes to bitcoin investments. MicroStrategy has continued to invest in the world’s number one digital currency by market cap, adding approximately 9,000 individual units during the September quarter alone. Overall, MicroStrategy owns about 114,000 units of BTC at press time, all of...

The business intelligence corporation – MicroStrategy Incorporated – doubled down on its cryptocurrency endeavors during the third quarter of 2021 by purchasing 8,957 BTC in that period. Thus, the company now holds around $7 billion worth of the primary digital asset (calculated at today’s prices). MicroStrategy: The Bitcoin Whale MicroStrategy announced the results in its Q3 earnings report. According to it, the firm acquired 8,957 BTC between July and October this year at...

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap. MicroStrategy Just Keeps Buying Bitcoin In a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050...

Business intelligence company MicroStrategy, spearheaded by Michael Saylor, has purchased over 5,000 bitcoin worth $242.9 million. Thus, the firm’s total BTC holdings have increased to over 114,042. MicroStrategy founder and CEO Michael Saylor announced the latest bitcoin purchase via Twitter on Monday, September 13th. According to the executive, the business intelligence firm purchased 5,050 BTC, at an average price of approximately $48,099 per bitcoin. MicroStrategy has...

The US-based NASDAQ-listed business intelligence company MicroStrategy continues with its bitcoin acquisition spree, as the company recently purchased over 3,900 BTC. Consequently, the firm now holds nearly 109,000 bitcoins in total. Tweeting on Tuesday (August 24th, 2021), MicroStrategy CEO Michael Saylor revealed that the firm has added 3,907 bitcoin to its stash, bought at an average price of approximately $45,294 per BTC. According to Saylor, the bitcoin accumulated by...

Bitcoin has been suffering heavily as of late. Yes, the currency has managed to touch $40,000 once or twice during the past week, but the asset is still considerably lower than where it was in April of this year – a time that saw the world’s number one digital currency hit a new high of roughly $64,000 per unit. Despite the gloom and doom surrounding BTC, MicroStrategy and its CEO Michael Saylor have no interest in turning their backs on the asset and have announced more...

The NASDAQ-listed software giant MicroStrategy has seen a total impairment loss of nearly $700 million in Q2 2021 from its massive bitcoin investments. As this is only on paper, though, the company pledged to double down on its BTC strategy and continue to accumulate more. MicroStrategy’s Q2 BTC Impairment Loss Michael Saylor’s brainchild has become one of the largest holders of bitcoins, with over 105,000 coins accumulated in the span of a year. However, the substantial...