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Key Takeaways
MicroStrategy has disclosed that it purchased an additional 480 Bitcoin between May 3 and Jun. 28.
The firm now holds 129,699 Bitcoin.
The number one crypto is currently sitting at a pivotal support level that could trigger a rebound.
Business intelligence firm MicroStrategy has added to its Bitcoin (BTC) holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset despite its recent struggles.
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Summary:
MicroStrategy CEO Michael Saylor has described Bitcoin as a lifeboat tossed on a stormy sea, offering hope t anyone that needs to get off their sinking ship.
Mr. Saylor also pointed out that Bitcoin will outlast all of us.
Key takeaways:
Michael Saylor has pointed out that anyone who has held onto Bitcoin for four years has never lost money.
Mr. Saylor also explained that MicroStrategy had backtested its Bitcoin strategy against alternatives such as gold and the Nasdaq, and it performed 10x better.
Summary:
Bitcoin’s drop to a local low of $22,600 has rekindled discussions surrounding MicroStrategy’s possible margin call on its $205 million loan if Bitcoin drops below $21k.
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Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities.
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Big Four auditor KPMG’s Canadian operation has officially added Bitcoin (BTC) and Ether (ETH) to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets.
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Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $57,477.
According to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) between Nov. 29 and Dec.
Entrepreneur and venture capitalist Peter Thiel said that the price of bitcoin and other major cryptocurrencies shows that inflation concerns are real. The billionaire investor says that inflation is in a crisis moment and criticized the U.S. Federal Reserve.
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MicroStrategy has revealed that it bought additional 9,000 units of Bitcoin during the third quarter of the year, bringing the worth of its holdings to around $7 billion.
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