MicroStrategy is transforming itself into corporate America's boldest bitcoin bull, now owning bitcoin worth over $1.596 billion.
The MicroStrategy CEO took to Twitter to dismiss widespread speculation that his company's recent massive purchases of bitcoin have turned it into an investment firm or de facto ETF.
MicroStrategy's debt raise resulted in an estimated $639 million for bitcoin purchases.
MicroStrategy anticipates raising $537 million in net proceeds from a debt sale designed to fund bitcoin speculation.
Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts.
MicroStrategy was trading sharply lower Tuesday after a Citi analyst changed his rating to "sell."
MicroStrategy is turning to investors to fund up to $400 million more in bitcoin purchases.
MicroStrategy's share prices have increased over 170% since the company first announced its interest in bitcoin in July.
The revelation is a notable public relations win for Coinbase CEO Brian Armstrong.
MicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services.
Even if they don’t know it yet, Michael Saylor thinks gold investors will eagerly dump the commodity for what he calls a superior store of value – bitcoin.
Bitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year over year and the company notched a net loss of $14.2 million for the quarter.
Saylor said the bitcoin market needs high-quality data, in an interview Tuesday.
Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote.
Bitcoin financial services firm Unchained Capital has released an “advanced business account” specifically targeting firms that want to hold BTC.