Michael Saylor defended his company’s debt-fueled, bitcoin buying spree over the last year by saying it continued to be a great investment.
The Virginia-based company now holds more than 105,000 bitcoins.
The council's survey focused on the crypto mining industry's electricity consumption and sustainable power mix.
With the price of BTC just north of $29,000, it's little more than $3,000 a coin above the average price of $26,080 that CEO Saylor shelled out.
The business-intelligence software company said that as of June 21 it holds more than 105,000 bitcoins.
MicroStrategy CEO Michael Saylor said the problem isn't bitcoiners but those negative headlines about mining.
Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) said it intends to offer $400 million senior secured notes to raise funds to purchase more bitcoin even as the bitcoin it already has will likely result in a massive impairment. In fact, the added purchase of bitcoin would seem to be a doubling down of sorts, […]
The Bitcoin Mining Council hopes to “manage concerns, especially from uninformed parties” about the cryptocurrency’s energy usage, Microstrategy CEO and bitcoin evangelist Michael Saylor said.
CEO Michael Saylor continues policy of buying the crypto asset at set intervals.
As a result, MicroStrategy now holds about 91.579 bitcoin.
Buying MicroStrategy stock solely for the bitcoin play? It'll cost you a lot.
MicroStrategy turned a veritable mountain of zero-interest debt into its single-largest bitcoin allocation yet.
After buying 71,079 BTC, the business intelligence company is building its first bitcoin-related software product.
Saylor and his MicroStrategists front-ran corporate bitcoin what-abouters at the firm's detail-heavy annual conference.
The business intelligence company already has 70,784 bitcoins.