MicroStrategy's
5,897 views
9 Discussing
Hot
Latest
See original
MicroStrategy continues to go "all-in" with Bitcoin
MicroStrategy announced that in the past week it has used $561 million in cash to purchase an additional 5,262 Bitcoins, at an average price of $106,662 per coin.
The funds came from the sale of 1.3 million convertible bonds, and the company still has $7.08 billion in bonds to raise in the future.
With the additional BTC purchase in the investment portfolio, billionaire Michael Saylor's company has increased its total Bitcoin holdings to 444,262 BTC, with an average purchase price of $62,257 per BTC.
The funds came from the sale of 1.3 million convertible bonds, and the company still has $7.08 billion in bonds to raise in the future.
With the additional BTC purchase in the investment portfolio, billionaire Michael Saylor's company has increased its total Bitcoin holdings to 444,262 BTC, with an average purchase price of $62,257 per BTC.
#KULR joins ranks of institutional investors by buying $21 million in Bitcoin.
🔸 KULR Technology Group has officially entered the cryptocurrency market by purchasing 217.18 Bitcoin ($BTC ), worth about $21 million.
🔸 This volume of purchases, at an average price of $96,556, is almost double the company’s total assets in 2023.
🔸 KULR plans to allocate up to 90% of its excess cash reserves to #Bitcoin❗ and is collaborating with the Coinbase exchange to this end.
The move comes as other companies such as Marathon Digital and Rumble have also recently made significant investments in Bitcoin.
🔸 Analysts believe that #MicroStrategy's success in investing in Bitcoin has raised concerns among public companies about missing out on opportunities.
🔸 KULR Technology Group has officially entered the cryptocurrency market by purchasing 217.18 Bitcoin ($BTC ), worth about $21 million.
🔸 This volume of purchases, at an average price of $96,556, is almost double the company’s total assets in 2023.
🔸 KULR plans to allocate up to 90% of its excess cash reserves to #Bitcoin❗ and is collaborating with the Coinbase exchange to this end.
The move comes as other companies such as Marathon Digital and Rumble have also recently made significant investments in Bitcoin.
🔸 Analysts believe that #MicroStrategy's success in investing in Bitcoin has raised concerns among public companies about missing out on opportunities.
#MicroStrategy Strengthens #Bitcoin Holdings with $209M Investment
MicroStrategy has once again demonstrated its unwavering confidence in Bitcoin, acquiring an additional 2,138 $BTC for $209 million. This latest purchase, made between December 23 and December 29, brings the company's total holdings to new heights and underscores its commitment to cryptocurrency as a strategic asset.
The acquisition was funded by selling 592,987 shares, reflecting #MicroStrategy's innovative approach to financing its Bitcoin strategy. With a year-to-date Bitcoin yield of 74.1%, the company continues to outperform, showing strong returns on its investments.
To further its ambitions, MicroStrategy has filed to significantly increase the number of authorized shares for Class A common stock and preferred stock. This move would provide the flexibility to fund future Bitcoin purchases, aligning with the firm’s long-term vision.
As a leader in Bitcoin adoption, MicroStrategy is setting an inspiring example for institutional investors. What are your thoughts on their strategy?
Read the full article at www.ecoinimist.com.
MicroStrategy has once again demonstrated its unwavering confidence in Bitcoin, acquiring an additional 2,138 $BTC for $209 million. This latest purchase, made between December 23 and December 29, brings the company's total holdings to new heights and underscores its commitment to cryptocurrency as a strategic asset.
The acquisition was funded by selling 592,987 shares, reflecting #MicroStrategy's innovative approach to financing its Bitcoin strategy. With a year-to-date Bitcoin yield of 74.1%, the company continues to outperform, showing strong returns on its investments.
To further its ambitions, MicroStrategy has filed to significantly increase the number of authorized shares for Class A common stock and preferred stock. This move would provide the flexibility to fund future Bitcoin purchases, aligning with the firm’s long-term vision.
As a leader in Bitcoin adoption, MicroStrategy is setting an inspiring example for institutional investors. What are your thoughts on their strategy?
Read the full article at www.ecoinimist.com.