MicroStrategy bags 5.2K Bitcoin at average BTC price of $106K
MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.
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MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.
Bitcoin bull Michael Saylor has pitched a US crypto framework, saying a strategic digital asset policy can strengthen the dollar and neutralize the country’s national […]
According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.
Bitcoin investors realized profits as BTC price hit new all-time highs throughout November. Now that the metric has reset, new highs could be in store.
MicroStrategy’s steady Bitcoin purchases could send its market cap above Starbucks and Nike if BTC rallies above $138,000.
The purchase came amid reports that the Bitcoin mining company was under pressure from activist investor Starboard Value.
Bloomberg Intelligence expects MicroStrategy’s stock, MSTR, to join the Nasdaq 100 index later in December, with an announcement to come as soon as this week.
The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
The company’s board opposed the resolution, citing Bitcoin’s purported volatility as a negative factor.
MicroStrategy’s stock premium has benefited from a virtuous cycle in the bull market. It will eventually reverse course.
