How MicroStrategy grew its $5B Bitcoin stash in 9 months
MicroStrategy’s Bitcoin stash makes up 80% of its market value, having spent over $2 billion on BTC since August.
MicroStrategy’s Bitcoin stash makes up 80% of its market value, having spent over $2 billion on BTC since August.
HSBC effectively reasoned that MicroStrategy now derives too much of its value from Bitcoin, so its customers can no longer buy MSTR stock.
MicroStrategy, the NASDAQ-listed data intelligence company run by Bitcoin bull Michael Saylor, is sitting on $4.4 billion worth of BTC.
A California man is facing a hefty prison sentence for exchanging $13 million worth of Bitcoin for cash — without telling the feds.
MicroStrategy says it just bought 29,646 BTC for $21,925 per coin on average. Bitcoin is up 6% since then.