Michael Saylor, founder of a strategic initiative, has suggested that the U.S. government should aim to acquire up to 25% of Bitcoin’s total supply over the next decade. He believes this would benefit the nation as Bitcoin becomes increasingly valuable. Saylor presented his ideas at a recent White House Crypto Summit, emphasizing a “Never sell ...
Michael Saylor, the executive chairman of Strategy, recently suggested that the U.S. government might purchase 1 million Bitcoin to create a strategic reserve. This idea aligns with a proposal from Senator Cynthia Lummis and involves a gradual acquisition strategy over four years. During a Fox Business interview, Saylor highlighted the value of existing U.S. Bitcoin ...
Upexi, a company listed on NASDAQ as UPXI, has joined the cryptocurrency sector through its subsidiary, Quantum Hash. They have signed a Letter of Intent to acquire a 2MW Bitcoin mining facility that is currently underutilized, operating at less than half its capacity. This acquisition marks Upexi’s most significant move into the cryptocurrency space to ...
Metaplanet, a Bitcoin investment firm, acquired an additional 156 Bitcoin on March 3, spending approximately $13.4 million. This purchase boosts their total Bitcoin holdings to 2,391 BTC, representing an investment of $196.3 million since April last year. CEO Simon Gerovich is considering potential listings outside Japan, including in the United States, following meetings with the ...
Economist Peter Schiff has again criticized Michael Saylor’s Strategy Inc. for its debt-driven Bitcoin acquisition strategy, especially as the company faces a declining stock price. Schiff asserts that this approach has led to shareholder dilution and a significant drop in the premium on the firm’s Bitcoin holdings, which he claims collapsed by 85%. He points ...
Michael Saylor recently hinted at a new Bitcoin acquisition strategy, suggesting that the company may restart its Bitcoin purchases after a brief pause. Strategy, previously known as MicroStrategy, has announced a $2 billion convertible note offering, aimed at acquiring more Bitcoins. Current holdings stand at approximately 478,740 Bitcoins, valued at about $46 billion. The firm ...
Strategy, formerly MicroStrategy, co-founder Michael Saylor has hinted at a potential Bitcoin acquisition after a one-week pause. The company recently purchased 7,633 Bitcoins worth over $742 million, increasing their total to 478,740 Bitcoins, valued at over $46 billion now. Despite concerns about its acquisition strategy, major institutions like BlackRock are investing heavily in Strategy, with ...
Metaplanet has made headlines by acquiring 269 Bitcoin for about 4 billion yen, which boosts its total Bitcoin holdings to 2,031 BTC, worth approximately $196 million. This strategic move has significantly impacted the company’s stock, resulting in a remarkable 73% increase year-to-date. Metaplanet’s average purchase price was around $80,700 per Bitcoin, leading to a 16% ...
MicroStrategy is planning to offer 2.5 million shares of its Series A Perpetual Strike Preferred Stock to raise funds for general corporate purposes, especially for acquiring more Bitcoin. The stock will have a liquidation preference of $100 per share and will pay fixed-rate cumulative dividends starting March 31, 2025. Investors can convert their shares to ...
Rumble, a video-sharing platform supported by Tether, has successfully made its first acquisition of Bitcoin, two months after designating it as a strategic reserve asset. CEO Chris Pavlovski announced the purchase on January 20, emphasizing that this is just the beginning of Rumble’s plan to bolster its Bitcoin holdings. The amount purchased remains undisclosed, but ...
