#MicroStrategy's CEO, Michael #Saylor, shifted cash to #Bitcoin amid Covid-19, yielding over $4B profit. #CryptoNews
MicroStrategy holds 190,000 bitcoins worth $10B+, outperforming S&P 500, reflecting a 70% unrealized profit.
https://coinpedia.org/news/microstrategys-bitcoin-bet-yields-4-billion-profits-surpasses-10-billion-mark/
MicroStrategy holds 190,000 bitcoins worth $10B+, outperforming S&P 500, reflecting a 70% unrealized profit.
https://coinpedia.org/news/microstrategys-bitcoin-bet-yields-4-billion-profits-surpasses-10-billion-mark/
CoinPedia
MicroStrategy’s Bitcoin Bet Yields $4 Billion Profits, Surpasses $10 Billion Mark
In a strategic move during the Covid-19 crisis, MicroStrategy's CEO, Michael Saylor, redirected the company's cash into Bitcoin, a decision that has now
MicroStrategy, led by Michael #Saylor, acquires 3,000 Bitcoins, bringing total holdings to 193,000 $BTC. #cryptonews
Saylor's long-term belief in Bitcoin drives #MicroStrategy's aggressive acquisition strategy, reflecting in impressive #MSTR stock performance.
https://coinpedia.org/news/microstrategy-boosts-bitcoin-holdings-with-additional-3000-btc-purchase-totaling-193000-btc/
Saylor's long-term belief in Bitcoin drives #MicroStrategy's aggressive acquisition strategy, reflecting in impressive #MSTR stock performance.
https://coinpedia.org/news/microstrategy-boosts-bitcoin-holdings-with-additional-3000-btc-purchase-totaling-193000-btc/
CoinPedia
MicroStrategy Boosts Bitcoin Holdings with Additional 3,000 BTC Purchase, Totaling 193,000 BTC
MicroStrategy, a prominent business intelligence firm led by CEO Michael Saylor, has expanded its Bitcoin holdings with the acquisition of an additional
Top #CryptoNews of Last Week
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.