MicroStrategy | ForkLog

ForkLog 7 03.03.2023

Michael Saylor to Stand as Defendant in Tax-Fraud Case

The Supreme Court of the District of Columbia denied MicroStrategy founder Michael Saylor's motion to dismiss the income tax suit.

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ForkLog 17 17.02.2023

MicroStrategy reports raising $46.6 million since September 2022

MicroStrategy has raised $46.6 million from the sale of its securities since September 2022, according to the Securities and Exchange Commission filing.

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ForkLog 16 03.02.2023

MicroStrategy reports quarterly loss of $249.7 million

The business analytics software company MicroStrategy said that net loss in the fourth quarter of 2022 amounted to $249.7 million. The write-down of Bitcoin assets weighed on results as the price declined. During the period the company {{AOPEN_1}}sold 704 BTC{{ACLOSE_1}}, but remains the owner of 132,500 BTC. The coins lost $197.6 million in value. “Our corporate strategy and conviction in buying, holding, and expanding our position in Bitcoin in the long term remain unchanged,” said Chief Financial Officer Andrew Kang. Market analysts had expected that the quarter would be profitable for MicroStrategy for the first time in two years. Revenue from the core business was $132.6 million, down 1.5% year on year. In the wake of the earnings release, MicroStrategy co-founder and former CEO Michael Saylor posted a tweet with a statement: “Bitcoin is a mission.” Earlier, in November 2022, Saylor confirmed the commitment of the company to a strategy of buying and accumulating the first cryptocurrency.

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ForkLog 10 11.01.2023

Market maker Group One acquires 13.5% stake in MicroStrategy

Based in Chicago, market maker Group One became the owner of 1,261,744 MicroStrategy shares, equivalent to a 13.49% stake. The information is contained in the SEC filing.

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ForkLog 22 29.12.2022

MicroStrategy to roll out Lightning Network-based solutions in 2023

In 2023, MicroStrategy will roll out a range of Lightning Network-based solutions built on the Bitcoin Lightning Network (LN). This was stated by the founder and executive chairman Michael Saylor.

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ForkLog 36 28.12.2022

MicroStrategy buys 2,501 BTC for about $44.6 million, says founder Michael Saylor

MicroStrategy, the analytics software provider, added 2,501 BTC for about $44.6 million, according to founder Michael Saylor.

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ForkLog 12 11.11.2022

Michael Saylor reaffirms MicroStrategy’s plan to continue buying Bitcoin

MicroStrategy does not abandon its strategy of buying and accumulating Bitcoin, despite the continued market decline, according to CoinDesk.

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ForkLog 11 04.11.2022

Experts estimate MicroStrategy’s gains from investing in Ethereum instead of Bitcoin

Experts from Blockchain Center calculated that MicroStrategy could have earned $1.6 billion instead of losing $1.3 billion if it had invested in Ethereum instead of Bitcoin.

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ForkLog 11 30.09.2022

MicroStrategy posts software-engineer vacancy for Lightning Network project

MicroStrategy posted a software engineer vacancy in a project to build a SaaS platform based on {{AOPEN_1}}Layer 2 solutions{{ACLOSE_1}} for scaling the Bitcoin Lightning Network (LN).

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ForkLog 23 20.09.2022

MicroStrategy adds 301 BTC for $6 million

The analytics software provider MicroStrategy has purchased an additional 301 BTC for $6 million.

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ForkLog 16 11.09.2022

MicroStrategy to Sell Up to $500 Million in Shares; Proceeds Could Be Used to Buy Bitcoin

MicroStrategy has filed to sell up to $500 million of Class A common stock. The proceeds could be used to purchase bitcoin, according to an amendment to the prospectus dated September 9, 2022.

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ForkLog 12 05.09.2022

MicroStrategy to Develop Enterprise Solutions Based on the Lightning Network

MicroStrategy is pursuing several research and development projects based on {{AOPEN_1}}L2 solution{{ACLOSE_1}} to scale the Bitcoin Lightning Network (LN), according to former CEO Michael Saylor. They include the development of a wallet, a server, and authentication options.

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