Bitcoin Spot ETF Biggest Development on Wall Street in Last 30 Years, Says Michael Saylor
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he told Bloomberg.
MicroStrategy
Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K
A “flash crash” in thin trading Sunday evening, saw bitcoin’s price plunge nearly 10% from the $44,000 level in the space of a few minutes.
Michael Saylor’s Bitcoin Bet Profit Tops $2B
The company added to its holdings in November.
MicroStrategy Bought $600M of BTC in November, Increased Holdings by 10%
MicroStrategy is also looking to raise up to $750 million in a sale of class A common stock.
Michael Saylor’s Massive Bitcoin Bet Crosses $1B in Unrealized Profit
Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.
U.S. Crypto Stocks Ride BTC Momentum in Pre-Market Trading
COIN, MSTR, HOOD and mining stocks were all showing upward movement in pre-market trading after BTC rose to its highest level in 18 months.
MicroStrategy Acquired an Additional 155 Bitcoin Since End of Q3
MicroStrategy purchased the bitcoin at an average price of $27,531, according to its earnings report on Wednesday.
Michael Saylor’s $4.7B Bitcoin Bet Back in the Green
Michael Saylor’s software company has invested billions of dollars into the world’s largest token by market capitalization. And the bet is slowly paying off.
MicroStrategy’s Large Bitcoin Impairment Losses Have Given a False Impression: Berenberg
FASB accounting rule changes should help companies that hold digital assets to eliminate the poor optics that have been created by impairment losses, the report said.