JPMorgan analysts believe MicroStrategy’s debt-funding approach to Bitcoin purchases could worsen a market downturn. MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin. However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor, has acquired over…
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In Brief BlackRock’s iShares Bitcoin Trust ETF (IBIT) has swiftly amassed 196,065 BTC, surpassing MicroStrategy’s holdings. This milestone underscores the growing demand for spot Bitcoin ETFs, highlighting unprecedented BTC accumulation. Bitcoin’s pice briefly surged to a new all-time high of nearly $70,000 driven by the high demand for Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust ETF’s…
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MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on…
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Web3 security firm Scam Sniffer suggested that the most of the funds were stolen from one victim. MicroStrategy’s official X (formerly Twitter) account was hacked and used to promote a fake airdrop of an Ethereum-based MSTR token during the early hours of today, Feb. 26. Blockchain security firm PeckShield quickly warned that the offending post contained a phishing link…
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In Brief MicroStrategy purchased 850 Bitcoins worth $37.2 million in January, bringing its total to 190,000 Bitcoins valued at $5.93 billion. Despite Bitcoin investments, MicroStrategy’s total revenue has declined by 6% year-over-year. Saylor highlighted the significance of the SEC’s approval of the spot Bitcoin ETFs in December 2023. Throughout the month of January, Michael Saylor’s…
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Since implementing the BTC standard in March 2021, MicroStrategy has invested $4.17 billion to acquire 140,000 BTC. Michael Saylor, chairman of MicroStrategy, said that the company changed his corporate email address to a Lightning address in reference to the company’s ongoing optimism regarding Bitcoin (BTC). In a tweet on April 17, the former CEO of…
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