MicroStrategy, Led by Michael Saylor, Buys 4,167 BTC

In a recent SEC filing, MicroStrategy stated that it purchased over 4,000 Bitcoin ($BTC) between February 15 and April 4th for $190.5 million. The company used its subsidiary, MacroStrategy LLC, to buy this impressive amount of cryptocurrencies. What does this decision imply for the company led by Michael Saylor? And what should we expect from the future? A Quick Introduction to MicroStrategy and Michael Saylor As a provider of business intelligence (BI), mobile software, and cloud-based services, MicroStrategy Incorporated first…

The Market Isn’t Ready for Bitcoin Backed Bonds, says Michael Saylor

Michael Saylor – CEO of MicroStrategy – recently expanded on his company’s newly established, Bitcoin collateralized loan with Silvergate bank. He suggested that the loan was his company’s next best option besides Bitcoin-backed bonds. However, he doesn’t believe financial markets are ready yet for such a product. The Loan vs. the Bond MicroStrategy is the largest individual holder of circulating Bitcoin in the world (with the possible exception of one mystery whale). On Friday, the company resumed its efforts to…

Musk Argues With Saylor Over Inflation, But Won’t Sell BTC and Doge

With inflation skyrocketing, many people are debating what to do to protect their assets. In particular, investors and regular people alike are debating whether or not cryptos like Bitcoin are a good hedge against inflation. This includes tech billionaires like Elon Musk and Michael Saylor. Inflation in the US has reached the highest level since 1982. In February, consumer prices rocketed up 7.9% on a yearly basis. The trend is a result of the Fed’s unprecedented pandemic stimulus, which could soon…

Jack Dorsey Meets Michael Saylor At Bitcoin For Corporations Conference

Michael Saylor – CEO of Microstrategy – has kicked off his Bitcoin for Corporations event, presenting the benefits of Bitcoin for businesses. The first virtual keynote was delivered by Block CEO and Twitter co-founder Jack Dorsey, who has centered his business’s focus around the network. In their first direct public meeting, both billionaires discussed their fascination with Bitcoin and its revolutionary potential. They also highlighted why it's extraordinary compared to other cryptos. A Meeting Of Maximalists Saylor began his interview…

Michael Saylor Says MicroStrategy Will Never Sell Its Bitcoin

MicroStrategy remains fully committed to its macro-strategy of investing everything it can into Bitcoin. Company CEO Michael Saylor recently confirmed that the company would “never” sell its Bitcoin, even given the current state of the market. Though the asset has helped the institution profit tremendously overall, it is down on its 2021 positions. HODL Forever, Says Saylor The CEO affirmed his devotion to Bitcoin in a recent interview with Bloomberg. However, Saylor dismissed the thought when asked whether he was…

Peter Schiff Dismisses Elon’s Concept of a Transparent BTC Mining Plan

American stockbroker and founding member of the Euro Pacific Asset Management Peter Schiff is skeptical about Elon Musk's idea of a sustainable BTC mining practice. The Tesla CEO attended a meeting hosted by Micro Strategy's head Michael Saylor to urge the North American Bitcoin miners and the global mining community to publish their current and planned energy usage.  In addition to that, the miners in attendance agreed to develop a Bitcoin Mining Council that will encourage sustainable initiatives on a…

Investment Firm Microstrategy Makes Fresh Purchase of 295 Bitcoins

The world’s largest independent business intelligence firm, Microstrategy, has completed the purchase of 295 bitcoins for approximately $10 million. This latest purchase continues the company’s accumulation of BTC that began in 2020.  Microstrategy BTC Portfolio Worth $2.4 billion Microstrategy CEO Michael Saylor revealed this latest purchase on Twitter. According to the tweet, Microstrategy purchased the 295 bitcoins using cash per its treasury reserve policy. The firm also spent $10 million to complete this latest round of transactions, including fees and…