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Binance draws heat in Europe for stock tokens, lists MicroStrategy anyway

Cayman Islands-based Binance has partnered with a German bank to sell stock tokens, but international regulators are keeping close watch.

HSBC snubs MicroStrategy stock after CEO buys too much Bitcoin

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.

Morgan Stanley is now MicroStrategy’s second largest shareholder after asset king BlackRock, which controls 16.5%.

MicroStrategy says it just bought 29,646 BTC for $21,925 per coin on average. Bitcoin is up 6% since then.