MicroStrategy CEO won't sell $5B BTC stash despite crypto winter
Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy’s Michael Saylor has no intention of selling his firm’s $5 billion stash. Even if BTC suffers a lengthy bear market, Saylor told Bloomberg that he is a “Bitcoin bull,” and he does not intend to alter MicroStrategy’s multibillion-dollar BTC acquisition plan. He took a […]
MicroStrategy doles out $240M on additional Bitcoin purchase
Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin. In a Form 8-K filing with the United States Securities and Exchange Commission […]