How Bitcoin Has Boosted MicroStrategy’s Brand by 100x, CEO Reveals
MicroStrategy was the first publicly traded company in the U.S. to integrate Bitcoin into its balance sheet. The software company uses BTC as a hedge against inflation and has benefited from more than the performance of the asset, as its CEO Michael Saylor recently claimed. In an interview with CNBC’s Market Alert, the executive said […]
Related News
MicroStrategy's debt raise resulted in an estimated $639 million for bitcoin purchases.
MicroStrategy’s Michael Saylor has no intention of selling from his firm’s $5-billion Bitcoin chest despite a 40% drop in the value. 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 does not intend to alter MicroStrategy’s multi-billion-dollar BTC acquisition plan. He took a firm stance against cashing out BTC:“Never. No. We’re not sellers. We’re only acquiring and holding Bitcoin, right? That’s our....
MicroStrategy’s ongoing “Bitcoin Acquisition Strategy” sees it continue to take on debt to buy more BTC. Why do investors remain excited? The post Why Investors Are So Excited About MicroStrategy’s Bitcoin Acquisition Plan appeared first on Bitcoin Magazine.
Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.
MicroStrategy’s Michael Saylor is known for his unorthodox and bold investing style, which often attracts criticism. His Bitcoin focused strategy and buying the top digital asset at near-highs have their fair share of critics. But recent developments tell us that Bitcoin’s bullish sentiment has been right after all, well, at least for today. Related Reading: […]