Tag Archives: Michael Saylor

Without disclosing any further details, MicroStrategy’s Michael Saylor said in a recent interview that his conversations with Tesla’s Elon Musk influenced the latter to buy $1.5 billion worth of bitcoin in January.Additionally, he also noted that BTC’s revolutionary technology had caught the world by surprise, which is why so many people outside the industry had issued accepting it.Saylor Influenced Musk to Buy BTC?News broke in February that the electric vehicle giant, Tesla, had used funds...

Michael Saylor’s business intelligence giant has kept its promise to allocate additional funds in the primary cryptocurrency. MicroStrategy announced on Friday that it had added another chunk of 262 bitcoins to its sizeable stack of over 91,000 tokens. The company’s founder and CEO, Michael Saylor, took it to Twitter on Friday to inform of the firm’s latest BTC acquisition. After a few consecutive weeks of purchasing chunks worth $10 million each, this time MicroStrategy upped its game and...

Bitcoin has been a major focal point of discussion as of late. The world’s number one digital currency by market cap experienced a record bull run during the month of February, but during the final days of the month, the currency came crashing down and experienced a $10,000 dip. The asset fell from roughly $56,000 per unit to about $46,000, which is what it remains at still. The Latest Bitcoin Slip Hasn’t Caused Many People to Turn Despite this mega drop, the currency...

MicroStrategy has established itself as one of bitcoin’s biggest fans in recent months. MicroStrategy Buys a Lot More Bitcoin The company was one of the first institutional players to come out publicly and support the world’s primary digital currency by market cap through a purchase of more than $250 million worth of the asset last August. Things didn’t quite stop there, however, as the company felt this wasn’t enough and engaged in another buy of the cryptocurrency just...

This week saw a serious correction in the total cryptocurrency market. This has resulted in Bitcoin falling below the $1 trillion market cap level. The price corrected by more than 20% at one point as it lost around $13,000 from the recent all-time high before correcting to where it currently trades at around $48K.In all fairness, Bitcoin’s downturn followed that of the entire legacy market. As we reported earlier, NASDAQ saw the biggest slump since October last year as government bond yields...

Bitcoin and Ethereum prices have tanked. BTC, for example – the world’s number one cryptocurrency by market cap – has dropped into the high $47,000 range. This is a $9,000 drop in about two days, as recently, the asset was trading for about $56,000 per unit. Despite this, Michael Saylor – the CEO of MicroStrategy – remains confident that things are going to turn out well for the currency. So well, in fact, that he thinks it will one day have a $100 trillion market cap....

MicroStrategy, the company, spearheaded by one of Bitcoin’s biggest proponents, MicroStrategy, has just confirmed the purchase of another 19,452 BTC.In an announcement published today, February 24th, MicroStrategy, the largest independent publicly-traded business intelligence company, has revealed the purchase of 19,452 bitcoins.The company paid approximately $1,026 billion in cash for the BTC.The average price at which MicroStrategy executed the trades is approximately $52,765 per coin,...

MicroStrategy has announced the pricing of its offering of $900 million aggregate principal amount of 0% convertible senior notes due 2027. As it happened the last time the company made such a move, it plans to allocate all funds into bitcoin after the offering closes on February 19th, 2021.CryptoPotato reported yesterday that the NASDAQ-listed business intelligence giant MicroStrategy said it would offer a $600 million convertible senior notes offering to qualified institutional investors....

MicroStrategy, the publicly-listed company that was amongst the first to put Bitcoin on its balance sheet, has now announced plans to raise another $600 million to buy more of the digital currency.In a press release dated February 16th, MicroStrategy announced that it intends to offer a $600 million aggregate principal amount of convertible senior notes that are due 2027 in a private offering to qualified institutional investors.Furthermore, the release adds that:The notes will be convertible...

Tesla’s massive $1.5 billion BTC purchase could be too risky for other large corporations to follow, argued JPMorgan Chase & Co strategists. They reasoned with bitcoin’s volatility that could prevent more old-school investors and individuals from allocating funds in the crypto asset.Corporations May Not Follow Tesla, JPM SaysElon Musk’s electric vehicle and clean energy company has bought $1.5 billion (15% of its net cash holdings) in bitcoin, as revealed earlier this week. Apart from the...