(Bloomberg) -- MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor’s more-than $4 billion bet on Bitcoin is on the verge of turning profitable once again after the first quarter surge in the value of the original cryptocurrency. Most Read
Wanna know how Saylor was able to start sending Bitcoin payments to his email address? Just follow these easy steps.
The bank initiated coverage of the stock with a buy rating and a $430 price target, implying 40% potential upside.
The business intelligence company founded by Michael Saylor bought another $150 million worth of Bitcoin in recent weeks.
MicroStrategy continues to stack bitcoin, with the help of a sizable discount on a loan taken out at Silvergate Bank.
Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter.
MicroStrategy bought more than 8,800 bitcoins and took an impairment charge north of $1.2 billion in 2022.
MicroStrategy acquired 1,045 Bitcoin for around US$29.3 million, at an average price of US$28,016 per coin, between March 24 and April 4, 2023
MicroStrategy has reported its first net income in nine quarters after leveraging a tax benefit related to its Bitcoin stash.
A large percentage of the shares in companies exposed to crypto have been sold short. Price jumps point to short squeezes—and more could come.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Mon,01 Apr 2024