Bitcoin24h $67,306.83-0.92%

Ethereum24h $1,953.06-1.58%

BNB24h $618.47-1.68%

XRP24h $1.36-0.79%

Solana24h $82.76-2.10%

TRON24h $0.2864+0.97%

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Bitcoin Cash24h $449.24-0.37%

UNUS SED LEO24h $9.04-0.21%

Michael Saylor buys 55,500 more BTC, average price nears $57,000

In the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin.

MicroStrategy down 16% after short seller’s report

Andrew Left tweeted negatively about MicroStrategy 13 minutes into Thursday’s trading session. Within 90 minutes, the stock had declined 16%.

Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.

MicroStrategy started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion.

Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.