MicroStrategy | ForkLog

ForkLog 22 02.08.2024

MicroStrategy Acquires $805 Million in Bitcoin in Q2

MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 12,222 BTC for $805 million in the second quarter, bringing its total reserves to 226,500 BTC (~$14.7 billion). This was revealed in the firm’s report. Over the past three months, the company reported a loss of $5.74 per share with quarterly revenue of $111.4 million—a […]

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ForkLog 119 28.07.2024

Michael Saylor Predicts Bitcoin to Reach $13 Million by 2045

The price of the leading cryptocurrency is projected to hit $13 million by 2045, according to MicroStrategy founder Michael Saylor during his speech at the annual Bitcoin 2024 conference in Nashville, reports Cointelegraph. He noted that with Bitcoin’s current price around $65,000, its market capitalization stands at $1.3 trillion—merely 0.1% of global wealth. With an […]

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ForkLog 22 24.06.2024

Michael Saylor Predicts Bitcoin’s Ascent to $10 Million

Michael Saylor, the founder of MicroStrategy, is confident in Bitcoin’s potential to reach $10 million, driven by support from China and other factors. During a podcast with Robin Sier, the entrepreneur described Bitcoin as a “perfect” asset: “What is the difference between perfect and imperfect money? Perfect money is economic immortality. Imperfect money: we all […]

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ForkLog 13 22.06.2024

Michael Dell Shows Interest in Bitcoin

Michael Dell, the founder and CEO of Dell, has expressed interest in the leading cryptocurrency on the social network X. #Bitcoin is Digital Scarcity. — Michael Saylor⚡️ (@saylor) June 20, 2024 “Scarcity creates value,” he wrote. The post caught the attention of MicroStrategy founder Michael Saylor, who described Bitcoin as “digital scarcity.” In response, Dell […]

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ForkLog 20 20.06.2024

MicroStrategy Acquires 11,931 BTC and Issues $800 Million in Shares

MicroStrategy has acquired an additional 11,931 BTC for $785 million (~$65,883 per coin), utilizing proceeds from convertible notes and excess cash. This was announced by the company’s founder, Michael Saylor. MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin. As of 6/20/24, $MSTR […]

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ForkLog 14 13.06.2024

MicroStrategy to Issue $700 Million in Convertible Bonds for Bitcoin Acquisition

MicroStrategy plans to issue eight-year convertible senior unsecured notes amounting to $500 million for “acquiring additional bitcoins and funding general corporate purposes.” June 14, 2024 | 15:22Update: MicroStrategy has raised the target threshold for the bond issuance to $700 million. MicroStrategy Announces Pricing of Offering of Convertible Senior Notes $MSTR https://t.co/ejEbX1a7P9 — Michael Saylor⚡️ (@saylor) […]

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ForkLog 13 07.06.2024

Short Positions on MicroStrategy Stocks Surge to $6.9 Billion

The value of open short positions on MicroStrategy stocks has tripled over the past six months, reaching $6.9 billion, according to Cointelegraph. The securities of the “Bitcoin and related products developer” are among the 2500 largest shorts in the US stock market. The top position on the list is valued at $2.47 billion (ranked 27th). […]

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ForkLog 34 03.06.2024

MicroStrategy and Michael Saylor Settle Tax Case for $40 Million

MicroStrategy and its founder, Michael Saylor, have reached a $40 million settlement with the District of Columbia’s prosecutor in a tax evasion case, according to The New York Times, citing court documents. Local authorities filed a lawsuit against Saylor in August 2022, alleging that he had failed to pay over $25 million in taxes on […]

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ForkLog 22 02.05.2024

MicroStrategy to Launch Bitcoin-Based Decentralized Identity Solution

MicroStrategy intends to launch a decentralized identity protocol, MicroStrategy Orange, built on Bitcoin. This was reported by influencer Dylan LeClair, who attended the presentation. Source: I’m at the presentation. pic.twitter.com/bVJvWh2PxB — Dylan LeClair ? (@DylanLeClair_) May 1, 2024 The solution stores and interacts with users’ personal information using unspent transaction outputs (UTXO) on the blockchain. […]

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ForkLog 39 30.04.2024

MicroStrategy Acquires Additional 122 BTC

In April, MicroStrategy acquired an additional 122 BTC ($7.8 million), bringing its bitcoin reserves to 214,400 BTC (~$13.5 billion), according to the latest report. The company allocated a total of $7.54 billion for the purchase of crypto assets at an average price of $35,180 per coin. At the end of the first quarter, MicroStrategy held […]

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ForkLog 31 28.03.2024

Kerrisdale Capital Labels MicroStrategy Shares as Overvalued

Investment firm Kerrisdale Capital has described MicroStrategy shares as overvalued in its research report.

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ForkLog 26 27.03.2024

MicroStrategy Unveils AI Model for Enhanced Enterprise Analytics

MicroStrategy Incorporated has announced a customizable AI bot named Auto, designed to provide faster and easier access to business analytics for organizations. This bot complements the AITM service, which was launched in October 2023. “The use of AI in MicroStrategy will bring tremendous benefits, offering users deeper insights that previously required more steps to process,” […]

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