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 ...
KULR Technology Group has boosted its Bitcoin Treasury by an additional $8 million, bringing its total to $50 million and now holds 510 BTC at an average price of $101,695 each. This move supports the company’s strategy to keep up to 90% of its excess cash reserves in Bitcoin by December 2024. Year-to-date, KULR has ...
MicroStrategy, primarily known for its enterprise software and data analytics, has transformed into a Bitcoin-focused investment under the leadership of co-founder Michael Saylor. Since 2020, the company has converted most of its cash reserves into Bitcoin, amassing around 423,650 coins, valued at roughly $42.4 billion. This represents nearly half of MicroStrategy’s total Market cap of ...
MicroStrategy, a company known for its enterprise software, has made headlines by investing heavily in Bitcoin over the past four years, resulting in an astonishing 2,700% return for its shareholders. Currently, the firm owns around 402,100 Bitcoins worth approximately $39.1 billion. Initially funding its Bitcoin purchases with company resources, MicroStrategy now relies on raising debt ...
