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…
Tag: Tesla Discards BTC Payments
WMA: Bitcoin Takes a Belly Flop after Tesla Discards BTC Payments
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,304 trillion. Bitcoin loses nearly 15% over the week after Elon Musk announced that Tesla wouldn’t accept BTC payments anymore. Ethereum is down by 1% despite setting a new ATH this week. XRP is up by almost 4% after a highly volatile week. Binance Coin lost more than 9% of its value over the…
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