MicroStrategy’s Saylor hints at first Bitcoin purchase above $100K
MicroStrategy’s Michael Saylor has posted the same Bitcoin chart for five consecutive Sundays, and every time, MicroStrategy confirmed a new Bitcoin purchase the following day.
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MicroStrategy’s Michael Saylor has posted the same Bitcoin chart for five consecutive Sundays, and every time, MicroStrategy confirmed a new Bitcoin purchase the following day.
If successful with its fundraising, Metaplanet could purchase roughly 652 extra Bitcoin for $62 million.
MicroStrategy’s 0% senior convertible note means it will not need to pay regular interest to bondholders.
Metaplanet has already doubled its Bitcoin holdings this month across four purchases totaling over 450 Bitcoin.
Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment.
Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.
Metaplanet’s share price spiked 22% in the first 30-minutes on the Tokyo Stock Exchange following the news on July 16.
Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter. Business intelligence firm MicroStrategy has notched a paper gain of […]
