MicroStrategy bought 2.6% of circulating bitcoin at $67,458 apiece
MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.
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MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.
In addition to applauding Gamestop, Saylor promised to burn his private keys and “make everyone in the network richer and more powerful.”
The cost basis of Strategy's bitcoin purchases has steadily risen over time, yet the price of bitcoin itself is on the decline.
As the price of bitcoin declined 25% from its January 20 high, Michael Saylor started talking about selling kidneys to HODL.
Investors dumped Strategy (formerly MicroStrategy) stock following Michael Saylor’s four most recent bitcoin purchase announcements.
According to Strategy founder Michael Saylor, buying bitcoin strengthens the network while selling weakens it.
Strategy reported earnings this week with Michael Saylor focusing on financial abstraction across an hour-long webinar.
Adding bitcoin to a company’s balance sheet has been a terrific decision for the few winners and a terrible decision for others.
As MicroStrategy continues to dilute common shareholders to add bitcoin to its balance sheet, insiders continue to sell into their bids.
Bitcoin ironically dipped below $94K during the firework-filled climax to MicroStrategy founder Michael Saylor's "$100K" New Year's Eve party.