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Tag Archives: Michael Saylor

Michael Saylor Says His Firm Is Like a BTC ETF

MicroStrategy is arguably a giant in the world of computer software, but at this stage, the company has invested so much money in bitcoin that CEO Michael Saylor says investing in his company is the equivalent of BTC spot trading. Michael Saylor Is Confident in His Company’s BTC Dealings Saylor said these words in a half serious, half joking manner. It has been said before that the company’s stock shares now correlate rather heavily with bitcoin given how much the...

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Bitcoin is the Perfect Asset for Retirement, Says Michael Saylor

Following Fidelity’s move to offer Bitcoin as part of its retirement 401(k) accounts, MicroStrategy CEO Michael Saylor opined that the digital asset is a perfect fit for retirement, even better than bonds. Saylor: Bitcoin is the Perfect Asset for Retirement In an interview with CNBC on Tuesday, Saylor pointed out that Bitcoin is a much better investment choice than popular traditional asset classes, including gold, stocks, and bonds. According to the MicroStrategy chief, the...

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Michael Saylor: MicroStrategy Is the Closest to Investing in Bitcoin Spot ETF

Michael Saylor – CEO of the software platform MicroStrategy – said investing in his company is almost like allocating funds in the still nonexistent in the USA – Bitcoin spot ETF. His organization is known as one of the most prominent BTC HODLers as it owns over $5.5 billion worth of the primary cryptocurrency. MicroStrategy Could Count as Bitcoin Spot ETF The long-awaited Bitcoin spot exchange-traded fund still waits to see the light of day in the United States as the SEC...

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MicroStrategy Will Buy More Bitcoin: Michael Saylor

In a letter addressed to MicroStrategy’s stockholders on Thursday, the company’s CEO Micheal Saylor doubled down on his conviction of continuing its years-long bitcoin buying spree. The paper aimed to pave the foundation for the Annual Meeting of Stockholders scheduled on May 22nd, 2022. The CEO also promised that MicroStrategy, the publicly traded company with the most number of bitcoin holdings, would continue to buy more BTC and provide its software intelligence services...

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MicroStrategy Takes Out Huge Loan to Purchase More BTC

MicroStrategy is continuing to purchase more bitcoin, though its methods are beginning to garner a few raised eyebrows amongst traders and analysts alike. Not long ago, the software giant announced that it was taking out a loan for more than $200 million so it could purchase more of the world’s number one digital currency by market cap. MicroStrategy Continues Its Pursuit of Bitcoin MicroStrategy currently boasts more than $5 billion worth of the asset. At first glance,...

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The EU Votes to Keep Crypto Mining in Place

It looks like bitcoin and crypto fans in countries that are part of the European Union (EU) can breathe a sigh of relief today as the continental organization has voted against banning bitcoin mining and proof of work (PoW) modules. The EU Says “Yes” to BTC Mining Not long ago, Live Bitcoin News reported that the EU was looking to potentially end all crypto mining projects within its borders, citing environmental concerns. Finnish Parliament member Eero Heinaluoma was...

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Elon Musk: I’m Not Selling MY BTC

No matter how bad the price gets, Elon Musk – the famed South African billionaire behind companies such as Tesla and SpaceX – says he will not sell his digital currency. Elon Musk Loves His Bitcoins The price of bitcoin has experienced some rather rough fluctuations throughout the first few months of 2022. The currency had hit a new all-time high in November of last year, exploding all the way to $68,000 per unit. Unfortunately, while everyone thought for sure that the...

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Michael Saylor: BTC Is Valuable Because It’s Rare

Michael Saylor – the CEO of software giant MicroStrategy, arguably the biggest institutional bitcoin bull around – has stated that bitcoin’s scarcity is ultimately what makes the currency the strongest asset in the world, right now. He says nothing – not even gold – can compare to bitcoin because it is the only thing that cannot be created indefinitely. Michael Saylor On Bitcoin’s Scarcity In a recent interview, Saylor described bitcoin as a “magical” asset given that...

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Bitcoin Falls Again; What Do Analysts Think?

With bitcoin – the world’s number one digital currency by market cap – dropping every two minutes, there are many analysts out there weighing in and giving their thoughts and opinions about where the asset will go. Bitcoin Has Fallen Again There is wide speculation that bitcoin could fall below the $30,000 mark in the coming weeks. Michael Saylor of MicroStrategy fame says: Nation state conflicts create uncertainty, constrain production, weaken currency, cripple trade,...

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MicroStrategy Has Lost a Lot of Money On BTC

MicroStrategy has already lost nearly $150 million this quarter largely because bitcoin’s price has dipped so much. MicroStrategy Stock Has Fallen Due to BTC It wouldn’t matter if bitcoin fell on its own. The problem is that the company has invested in the digital asset so much that stock shares are practically tied to the digital currency, and thus when BTC falls, the company is likely to fall with it. Chief financial officer Phong Le explained in an interview that the...

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