MicroStrategy

Bitcoin’s price surged past $63,000 and then receded just a bit under on Wednesday, reaching a level the crypto coin hasn’t seen since November 2021. While it still has a little way to climb to reach an all-time high of $68,000, that level feels comfortably within reach. And if you’re feeling uneasy about the rally, given what happened two years ago, you’re not alone.The Biggest Crypto Heists of 2022…So FarWhat’s causing Bitcoin’s dramatic climb? The consensus seems to be it’s all FOMO, or the fear of missing out.“We’ve…

Monitors display Coinbase signage during the company's initial public offering at the Nasdaq MarketSite in New York on April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesFor crypto bulls, the most lucrative bets in 2023 were in the stock market.While bitcoin rallied over 150% for the year, shares of Coinbase, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared 688%.Not only…

Business intelligence platform MicroStrategy has made waves in the crypto world for its bullish stance on Bitcoin, which has paid off with the company turning a profit in the first quarter of 2023. As the digital currency continues to make headlines and gain popularity, investors are looking for new promising projects to get involved with, such as Signuptoken.com. This article will examine the similarities and differences between MicroStrategy and Signuptoken.com, and how both benefit from the current Bitcoin bull run.…

Bitcoin Year End Predictions: Bitcoin is a revolutionary crypto that has gained immense popularity Bitcoin Year End Predictions: Bitcoin is a revolutionary new digital currency that has recently gained immense popularity. Unlike traditional currencies, which are issued and controlled by central banks, Bitcoin is embedded in a decentralized peer-to-peer network that allows users to transfer funds securely and quickly without intermediaries. The transactions on this network are verified through cryptography, ensuring that…

Oliver Knight / CoinDesk: SEC filing: MicroStrategy acquires ~3,205 BTC for ~$56.4M between November 1 and December 24, taking its holding to 135K BTC, and sells 704 BTC to offset gains — Alongside the additional purchases, the company sold a small amount of bitcoin for the first time. Oliver Knight / CoinDesk: SEC filing: MicroStrategy acquires ~3,205 BTC for ~$56.4M between November 1 and December 24, taking its holding to 135K BTC, and sells 704 BTC to offset gains — Alongside…

MicroStrategy Inc. posted a loss in the third-quarter after revenue fell despite Bitcoin reversing months of declines . MicroStrategy Inc. posted a loss in the third-quarter after revenue fell despite Bitcoin reversing months of declines during the most recent three-month period. The net loss for the quarter ended Sept. 30 was $27.1 million, compared with $36.1 million in the year-ago period. It had a $1.1 billion loss in the second quarter. Revenue fell 2.1% to $125.4 million as product licenses revenue dropped.…

District of Columbia Attorney General Karl Racine accused MicroStrategy co-founder and Executive Chairman Michael Saylor of evading $25 million in district taxes in a lawsuit filed Wednesday.The lawsuit also names MicroStrategy as a defendant. Racine alleges the company conspired to help Saylor evade the taxes. The AG's office said it's seeking to recover a total sum of over $100 million in unpaid taxes and penalties.Shares of MicroStrategy were down more than 6% Wednesday afternoon on the news. Saylor, who oversaw the…

Michael Saylor to step down as MicroStrategy CEO as the software maker records US$917 million charge on bitcoin investment MicroStrategy’s founder, Michael Saylor, will step down as CEO after the enterprise software maker took a quarterly impairment charge of more than US$900 million related to the drop in the price of bitcoin. Saylor will take on the newly created role of executive chairman, the company said in a statement late Tuesday that accompanied its second-quarter results. “As executive chairman, I will…

Bitcoin advocate Michael Saylor is stepping down as the CEO of the software company he co-founded, MicroStrategy, and will instead take on the role of executive chairman. Saylor’s belief in Bitcoin has turned the company into a holding vehicle for the cryptocurrency. The news came as the company reported its second-quarter earnings. It noted a loss of $1.062 billion, mostly due to an impairment charge of $917 million based on the value of its Bitcoin holdings, which have plunged since the price peaked in November last…

Tesla, MicroStrategy, and Block owned about 85% of Bitcoin held by public companies Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of US$5 billion on the books in the second quarter, Bloomberg News reported on July 22. According to the report, Bitcoin’s 59% decline during the quarter led to staggering losses for these companies based on their previous holdings disclosure. Data on massive sale activity offers contradictory indicators just as Bitcoin is finally holding onto the…