MicroStrategy

The Bitcoin bullish software company MicroStrategy is building Bitcoin lightning network wallets that can be deployed to enterprises.  The company’s executive chairman and former CEO Michael Saylor shared details on the tech in a recent interview. In an uncharacteristic fashion, he also offered some short/medium-term price predictions for Bitcoin. MicroStrategy Builds on Lightning As Saylor told MarketWatch in an interview on Wednesday, the company’s wallet software will let business owners distribute Bitcoin to thousands of employees in a single afternoon. …

Michael Saylor – Executive Chairman of MicroStrategy – is being sued by the city of DC for tax fraud. Attorney General Karl Racine alleged that the billionaire hasn’t paid his income tax in the capital city for over a decade. Tax Fraud by Michael Saylor? As confirmed in a tweet from the AG on Wednesday, Saylor allegedly evaded DC’s tax laws by misrepresenting his place of residence.  It’s the first lawsuit brought under the city’s recently amended False Claims Act…

Billionaire Bitcoin maximalist Michael Saylor has relinquished his role as CEO of MicroStrategy, according to a company announcement on Tuesday. He spoke with CNBC the following day about the rationale behind the executive transition and his company’s financials. No Changes to the Bitcoin Plan In conversation with CNBC’s Squawk On The Street, Saylor reviewed MicroStrategy’s stock performance over the past two years. Despite tremendous volatility, it is ultimately up 123% since it first invested in Bitcoin in August 2020. That’s…

MicroStrategy – the world’s largest corporate holder of Bitcoin – recently cast another $10 million towards its digital asset position. That brings the company’s total stash up to 129,699 Bitcoin. In a tweet on Wednesday, MicroStrategy CEO Michael Saylor revealed that his company had purchased another 480 Bitcoin. Those Bitcoin were purchased at an average price of $20,817 per coin, totaling a 10 million dollar purchase. That’s one of the best bargains the company has received on a Bitcoin buy…

Bitcoin and cryptocurrencies aren’t the only assets suffering right now. Companies built around or connected to the crypto market are also in deep water following the crash, including Coinbase and MicroStrategy. MicroStrategy is down 21.61% on the NASDAQ today, in line with Bitcoin’s 21.23% slump over the last 5 days. The software company is the largest corporate holder of Bitcoin, with 129,000 coins on its balance sheet as of April. This collapse alone puts MicroStrategy’s Bitcoin position down $1 billion.…

MicroStrategy still doesn’t plan to sell its Bitcoin, according to the company’s new Chief Financial Officer Andrew Kang. The recent bear market, which has brought Bitcoin’s value below the company’s average purchase price, hasn’t shaken the organization’s faith. “At this time, we do not have any intention to sell,” said the CFO, after joining the company on May 9th hailing from GreenSky. “There are no scenarios that I’m aware [in which] we would sell.” Shareholders also remain confident and reportedly…

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…

MicroStrategy CEO Michael Saylor has announced another company purchase of the premier cryptocurrency on Tuesday. According to Saylor’s Twitter, MicroStrategy bought exactly 4,167 Bitcoin at $45,714 each. The total purchase cost $190.5 million. This brings the company’s total Bitcoin holdings to 129,218 Bitcoin. Altogether, the company paid an average of $30,700 per coin. That means MicroStrategy owns $5.84 billion in Bitcoin at current prices. On the whole, his Bitcoin investment is up by about $1.9 billion right now. The last…

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…