8,178 BTC in a Week as Strategy Returns to Heavy Buying Despite the Correction
Strategy buys 8,178 BTC during a market dip, strengthening its position as the largest corporate Bitcoin holder while volatility shakes the crypto market.
Strategy buys 8,178 BTC during a market dip, strengthening its position as the largest corporate Bitcoin holder while volatility shakes the crypto market.
Strategy cements its lead as the top institutional Bitcoin holder, inspiring other firms as it ramps up crypto investments and drives market scarcity.
Cryptocurrency bank Silvergate announced on March 1st that it would postpone its annual 10-K financial report, which sparked widespread concern over the bank’s solvency among crypto firms.
Despite the prolonged crypto winter, business intelligence company MicroStrategy has expanded its Bitcoin portfolio with an additional 2500 BTC since November 1st. Founder and former CEO of MicroStrategy, Michael Saylor, shared the news on Twitter on Wednesday.
According to a September 9 filing with the US Securities and Exchange Commission (SEC), MicroStrategy is likely gearing up to further bolster its Bitcoin portfolio. The company is offering shares of their class A common stock at $0.001 per share, with an aggregate price of $500 million.
The District of Columbia’s attorney general says MicroStrategy CEO Michael Saylor evaded paying $25 million worth of taxes MicroStrategy and Michael Saylor have denied the allegations District of Columbia Attorney General has filed a lawsuit accusing Bitcoin bull Michael Saylor of evading $25 million worth of taxes in the District and violating the tax code….
The Russia-Ukraine conflict has been the biggest geopolitical development of the year. Following the Russian invasion, a series of developments have left global markets rattled. Given that this is the first major, global-scale conflict since the crypto market became mainstream, analysts are eager to see how cryptocurrencies have performed thus far.
American business intelligence company MicroStrategy has acquired an additional 4,167 BTC at an average price of $45,714 per coin. With the latest purchase, the Virgina-based firm now owns 129,218 BTC, by far the largest Bitcoin stash out of any publicly-traded company.
MicroStrategy, a publicly-listed US company has spent $94.2 million on its purchase of 1,914 Bitcoin during the month of December. According to Bitcoin Treasuries, the company now holds 124,391 BTC, worth $5.8 billion at current market rates.