Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%
Japanese investment firm Metaplanet has disclosed an additional bitcoin {{BTC}} purchase worth 250 million yen ($1.58 million), taking its total holdings up to 141 BTC ($9.4 million).
MicroStrategy
MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.
Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says
Bitcoin has significant upside potential this month thanks to two big catalysts and Michael Saylor’s MicroStrategy (MSTR) stock could surge, too, on its way toward getting “meaningfully higher” by the end of the year, TD Cowen analyst Lance Vitanza said in a note Monday.
MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals
MicroStrategy has already built one application using its service. “Orange For Outlook” integrates digital signatures into emails to enable recipients to verify the identity of the sender.
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
MicroStrategy Could Merit S&P 500 Inclusion If It Adopts New Accounting Rules: Benchmark
MicroStrategy Executive Director Michael Saylor (CoinDesk)
MicroStrategy Should Continue to Rally as Bitcoin Halving Nears: Benchmark
The broker raised its price target for the software company to $1,875 from $990 and maintained its buy rating on the stock.
MicroStrategy Slumps 14% After Short Seller Says Stock Trades at an Unjustifiable Premium to Bitcoin
The bitcoin price implied by MicroStrategy’s share price is $177K, 2 ½ times the spot price of the cryptocurrency, the report said.
Crypto Stocks Like MicroStrategy, Coinbase Could Shoot Up if Short Sellers Exit
MicroStrategy and Coinbase’s stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners.
Michael Saylor’s MicroStrategy Acquired Another 9,245 BTC For $623M
MicroStrategy now holds approximately 214,246 BTC ($13.5 billion), which is more than 1% of all the 21 million bitcoin that will ever exist.