Tag Archives: microstrategy

Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC.The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative safe-haven instruments during these challenging times.Ruffer Investment Doubles-Down On BTCCryptoPotato reported in December that the founded in 1994...

The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more.Bitcoin For Corporation Coming In FebruaryThe company’s founder and CEO, Michael Saylor, announced the initiative on his Twitter account and advertised it...

There is no denying that institutions and the big players have been the catalyst for this current crypto market cycle and that notion has been reaffirmed by Morgan Stanley’s latest acquisition.According to reports, Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year.The move signifies a growing interest in crypto assets from major banks which are clearly paying more attention to the space.Boom!Morgan Stanley just...

In yet another leg up, Bitcoin recorded a brand new all-time high just shy of $35,000. While this may have seemed surprising a few weeks back, at this point, most are somewhat used to it. The cryptocurrency is charting consecutive highs daily, and it shows no signs of slowing down.The spike may bring some 2017 flashbacks when Bitcoin was going up with no apparent limits, only to plummet nearly 70% the following year. And considering we’re already in a new year after a super bullish December...

The new year has arrived. All the craziness and sloppiness of 2020 can potentially be put behind us as we look towards the future. Will 2021 be a kind year? Will it be kind to bitcoin?Will Bitcoin Have a Solid Run in 2021?The one thing we can say about the last 12 months is that they have been rather positive for cryptocurrency. The rest of us have been left out in the rain, no doubt, but crypto traders and investors are likely looking at their stashes at the time of writing and felling...

A new year is upon us. 2020 is finally coming to a long-awaited end, along with the craziness that came with it. This year bitcoin rose to new heights, and the currency appears to have garnered a newfound reputation as a store of value. Many see it as a hedge tool that can keep one’s wealth safe during times of economic strife.Will 2021 Be Any Different for Bitcoin?The big question now is, “Where do we go from here?” Where will bitcoin be lead in 2021? Could the future hold promising items...

Bitcoin is bidding adieu to 2020. Here comes 2021, and while the past 12 months have certainly been difficult for people around the world, bitcoin has had one heck of a time. The currency has risen to new heights, has gained extensive attention and respect from institutional players, and is now viewed as a store of value by many people and sources.As we say goodbye once and for all to what has surely been an upsetting and crazy year, let’s look back on some of the biggest bitcoin stories of...

Michael Saylor’s business intelligence firm MicroStrategy has become one of the largest bitcoin holders after accumulating more than $1 billion worth of BTC in less than six months. Interestingly, the company’s stock price has surged by roughly 200% in the same timeframe.MicroStrategy’s History With BitcoinMicroStrategy is a Nasdaq-listed company providing business intelligence, mobile software, and cloud-based solutions. Founded in 1989 by Michael Saylor, the firm’s internally developed...

Describing itself as the “largest independent publicly-traded business intelligence company,” MicroStrategy has made good on its word to purchase more bitcoins. The company announced earlier today the purchase of 29,646 more BTC for approximately $650 million.MicroStrategy’s founder and CEO, Michael Saylor, announced the latest BTC purchase earlier today. Following the firm’s recently instituted Treasury Reserve Policy, the company allocated another $650 million in bitcoin with an average...

MicroStrategy is the institutional player of the year. Despite purchasing more than $400 million in bitcoin over the past few months, the company is clearly not done. In a recent statement, the company issued plans to raise an additional $400 million in the coming future to potentially purchase even more units of the world’s number one digital currency by market cap.MicroStrategy Wants Even More BitcoinThe firm has developed a solid thirst for bitcoin that initially began in August. At the...