Saylor Responds To Strategy’s Potential Exclusion From Key Indices Amid Bitco...
NewsBTC reported on Thursday that Strategy, formerly known as MicroStrategy, led by Michael Saylor, is facing increased scrutiny regarding its potential exclusion from major indices, such as MSCI USA and the Nasdaq 100. This arises from the firm’s substantial exposure to Bitcoin (BTC). While the cryptocurrency market was buoyant for much of the year, Saylor’s […]
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Michael Saylor’s Strategy, formerly known as MicroStrategy, has found itself significantly exposed to the ongoing downturn in the cryptocurrency market, which has seen more than $1 trillion in total market capitalization wiped out over the past month. As the largest public holder of Bitcoin, with over 650,000 coins, the company is now facing the real threat of being removed from major benchmark indices, which have been crucial for its visibility in mainstream portfolios. Analysts Predict Major Impact On Strategy According to a recent Bloomberg report, analysts at JPMorgan Chase....
Strategy Chairman Michael Saylor told investors that his company is not looking to buy peer Bitcoin treasury firms, saying such deals often take too long and carry too much uncertainty. Related Reading: IBM Unveils Digital Asset Haven For Banks And Governments – Details Strategy’s Focus Remains On Buying Bitcoin According to Strategy’s third-quarter earnings call, […]
Strategy’s CEO, Michael Saylor, has built a $7.37B fortune off of Bitcoin hoarding, cracking Bloomberg’s Billionaire 500 list, and sparking talks of a potential S&P 500 inclusion for the company. As Strategy keeps stacking Bitcoin, interest in Bitcoin Hyper ($HYPER) is growing, promising to be the key to faster and cheaper Bitcoin transactions. Saylor’s Bitcoin […]
Strategy’s $40 billion Bet on Bitcoin has become the subject of a class action lawsuit. The plaintiffs accuse the company’s executives of making misleading statements. This comes amid the firm’s latest purchase of 7,390 BTC. Strategy Faces Lawsuit Over Bitcoin Bet According to Strategy’s filing with the SEC, the plaintiffs filed a class action lawsuit […]
According to posts from Michael Saylor, Strategy’s regular run of Bitcoin buys will pause this week. He told followers there would be “no new orange dots this week,” and used the break to point to the size of the firm’s holdings — now worth $79.03 billion. Related Reading: Blockchain Earnings Take A Dip — 16% […]