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MicroStrategy Buys More Bitcoin for 7th Consecutive Week
MicroStrategy continues its bitcoin buying spree for the 7th straight week as the crypto dips below $100,000
"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.
MicroStrategy adds to bitcoin holdings for seventh straight week
MicroStrategy (NASDAQ:MSTR) acquired 5,262 bitcoin (BTC-USD) for a total of $561M for the week ended Dec. 22, the company disclosed on Monday, marking its seventh consecutive weekly bitcoin purchase.
MicroStrategy Buys More Bitcoin for Seventh Consecutive Week
MicroStrategy Inc., which is set to enter the Nasdaq 100 Index on Monday, announced it had purchased an additional $561 million of Bitcoin at an average price near last week’s record high.
MicroStrategy paid well over $100,000 per coin
MicroStrategy calls shareholders meeting to fund more Bitcoin purchases
According to a Dec. 23 proxy filing with the Securities and Exchange Commission, the company is seeking permission to increase the number of authorized shares for both Class A common stock and preferred stock, giving it more flexibility to issue additional shares as needed in the future.
MicroStrategy paid well over $100,000 per coin in its latest bitcoin purchases
MicroStrategy’s stock falls after the sale of $561 million worth of shares was used to buy bitcoin at more than $106,000 each.
MicroStrategy Wants Ability to Issue Enough Shares to Buy All World’s Bitcoin
MicroStrategy Chairman and controlling shareholder Michael Saylor has grand ambitions and is one of the world’s biggest champions of Bitcoin. Now the company is asking shareholders for approval to boost the authorized amount of the company’s class A common shares outstanding to 10.
1d
on MSN
MicroStrategy shares slump on first day in the Nasdaq 100 index: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers ...
4h
AI and crypto drove gains in this year's top 5 tech stocks
The promises of artificial intelligence and the rally in crypto prices were the main drivers of the best-performing tech ...
The Daily Hodl
17h
31% of All Bitcoin Holdings Now Belong to ETFs, Governments and Microstrategy (MSTR): CryptoQuant CEO
Exchange-traded funds (ETFs), governments and MicroStrategy (MSTR) own nearly one-third of all known Bitcoin (BTC) holdings.
2d
MicroStrategy rides ‘red sweep' to 477% gain in 2024, topping almost all U.S. stocks
Of the 439,000 bitcoin that MicroStrategy owns, more than one-third have been purchased since Trump’s election victory last ...
1d
on MSN
MicroStrategy’s Long-Shot S&P 500 Bid Stokes Wall Street Agita
To Michael Saylor’s online fanbase, it’s the next step in the great normalization of crypto: Bitcoin proxy MicroStrategy Inc.
2d
on MSN
Scaramucci Defends MicroStrategy's Bitcoin Strategy, Predicts Long-Term Crypto Growth
Anthony Scaramucci, founder of SkyBridge Capital, has dismissed concerns surrounding Michael Saylor and MicroStrategy Inc., ...
5d
on MSN
Bitcoin Reaches New High As MicroStrategy Prepares To Join Nasdaq 100 (And More!)
Bitcoin hit a new all-time high, while MicroStrategy continues stacking BTC and prepares for it’s Nasdaq 100 stock listing.
CoinDesk
7d
How MicroStrategy and Others Are Taking on Billions in Debt to Buy More Bitcoin
Michael Saylor has raised $6 billion in convertible bonds, with $18 billion more to come. His strategy is unprecedented — ...
13d
on MSN
MicroStrategy shares could surge even higher if added to Nasdaq 100 on Friday, crypto analyst says
MicroStrategy’s inclusion on the Nasdaq 100 index largely depends on whether it is classified as a software developer or a ...
2d
MicroStrategy Acquires Additional 5,262 BTC as Stock Enters Nasdaq 100
MicroStrategy has acquired an additional 5,262 BTC, bringing its total holdings to over 158,000 BTC, reaffirming its status ...
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