Shares of MicroStrategy (MSTR) fell 6% in pre-Market trading after the company announced the issuance of 7.3 million shares of preferred stock at $80 each. This move aims to raise about $563.4 million to buy more Bitcoin and cover operating costs, part of their plan to increase Bitcoin holdings significantly over the coming years. The ...
Shares of MicroStrategy (MSTR) fell by 6% during pre-Market trading after the company announced it would issue 7.3 million shares of preferred stock at $80 each to raise approximately $563.4 million. This funding will help MicroStrategy expand its Bitcoin holdings as part of its “21/21” plan, aiming to raise $42 billion over three years. The ...
The recent re-election of Donald Trump as President has sparked excitement in the crypto Market, pushing Bitcoin and other cryptocurrencies to new heights. Analysts predict favorable policies may boost these assets further. In comparing top crypto stocks, Coinbase Global has seen significant growth, expecting strong earnings reports backed by rising crypto prices. Riot Platforms, a ...
Bitcoin’s value dipped below $98,000 recently but has rebounded, hovering near the key $100,000 mark. This drop was influenced by the surge of a Chinese AI app, which raised concerns about competition. Despite the fluctuations, BitMEX co-founder Arthur Hayes predicts Bitcoin could reach $250,000 by the end of the year, contingent on future money supply ...
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 ...
MicroStrategy’s co-founder Michael Saylor has announced plans for a new Bitcoin purchase, following their recent acquisition of 11,000 BTC at an average price of $101,191, raising their total holdings to 461,000 BTC, worth about $48.4 billion. This surpasses the U.S. government’s Bitcoin reserves. Meanwhile, President Trump’s recent executive order focuses on establishing a digital asset ...
MicroStrategy’s co-founder Michael Saylor has announced plans to buy more Bitcoin on January 27, following a recent purchase of 11,000 BTC at around $101,191 per coin. This brings MicroStrategy’s total Bitcoin holdings to 461,000 BTC, valued at about $48.4 billion, surpassing U.S. government holdings. This announcement comes as President Trump signed an executive order to ...
MicroStrategy, led by CEO Michael Saylor, may face hefty tax liabilities related to its $19.3 billion in unrealized Bitcoin gains. The company holds over 450,000 BTC, worth more than $48 billion, including a recent $243 million purchase of Bitcoin at lower prices. Due to the 2022 Inflation Reduction Act, MicroStrategy could be subject to a ...
Bitcoin surged to $105,683.70 on Wednesday after a positive overnight bounce influenced by recent regulatory news from the SEC. This marks a 4.3% increase as the SEC announced a task force to create crypto regulations. Investors are optimistic as President Donald Trump, a pro-crypto advocate, aims to reduce regulations against major firms like Coinbase and ...
Rumble Inc., a video-sharing platform, has made headlines by purchasing its first Bitcoin as part of a broader strategy to invest $20 million into the cryptocurrency. The company’s CEO noted that this won’t be the last Bitcoin acquisition. With Bitcoin’s price recently hitting a record high of over $109,000, Rumble’s move aligns with similar initiatives ...
