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In a risk disclosure this week, Michael Saylor’s MicroStrategy (currently doing business as Strategy) admitted that circumstances may mean it has to sell some of its BTC by next year. Any such sale would break years of claims from Saylor that the company plans never to sell. Indeed, Saylor’s plan for MicroStrategy has been clear and single-minded. “The highest, best use of bitcoin is to buy bitcoin and hold,” Saylor has professed. Repeatedly and without exception, Saylor has told his followers that he plans to hold onto his coins. “The endgame is to acquire more BTC. Whoever gets the most BTC wins. There is no other endgame.”  You do not sell your #Bitcoin. — Michael Saylor (@saylor) February 27, 2024 Even Saylor, in his personal capacity, says he plans never to sell his BTC and will burn his private keys when he dies. However, there are several events that could force him to sell in spite of his devotion. According to data from Arkham Intelligence, the comp...

Strive Asset Management co-founded by Vivek Ramaswamy, a Republican has made headlines in the cryptocurrency industry. Strive has finally filed to launch a ‘Bitcoin Bond’ exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The firm’s bold entry into the Bitcoin ETF space signifies the rising connection between traditional finance and digital assets. Also Read: Shiba Inu Team Confirms the Launch Date of Treat Token Strive’s Entry Into The Bitcoin Bond Market Source: Strive.com According to the filing, the latest ETF will focus on company-issued bonds used to fund Bitcoin investments. It also notes that as part of the EA Series Trust, the ETF emphasizes Bitcoin bonds, which are assets such as swaps, options, and derivatives linked to firms highly focused on the king coin. After it garners a green signal, the ETF’s shares will be listed on the New York Stock Exchange (NYSE) and held by the Depository Trust Company. The fund is intended to fulfill...

Strive Asset Management, a firm founded by Vivek Ramaswamy, submitted a request with United States regulators to launch an exchange-traded fund (ETF) to provide exposure to Bitcoin bonds, according to a Dec. 26 filing. The Strive Bitcoin Bond ETF will invest in bonds issued by companies such as MicroStrategy and other corporate Bitcoin buyers. Additionally, the fund seeks to get exposure to “convertible securities issued by MicroStrategy” or other companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing. Strive has not yet disclosed the management fees for the Bitcoin Bond ETF. However, actively managed funds have higher fees than passive index funds. MicroStrategy’s Bitcoin Journey: $27 Billion Invested Since 2020 Since 2020, MicroStrategy has allocated approximately $27 billion towards its Bitcoin strategy. MicroStrategy has financed its Bitcoin purchases by issuing new stock and conver...

MicroStrategy (MSTR) has bought the dip, adding to its Bitcoin hoard for the seventh consecutive week as it fortifies its position as the largest corporate holder of the leading cryptocurrency. The firm bought 5,262 BTC for $561 million last week, bringing its overall hoard of the digital currency to 444,262 BTC. The latest news comes as MicroStrategy starts its first full day of trading as a member of the Nasdaq 100 equity index. In pre-market trading, the stock price was steady above $364.2. Executive chairman Michael Saylor said the latest Bitcoin acquisition was at an average price of $106,622 per bitcoin. At today’s market price, the company’s total hoard of Bitcoin is now worth about $42.2 billion, which lifts its overall average purchase price to $62,257 per bitcoin 🚨 BREAKING 🚨 MICROSTRATEGY BOUGHT 5,262 BTC WORTH $561 MILLION WHILE EVERYONE WAS PANIC SELLING. IT NOW HOLDS 444,262 BITCOIN WORTH $42.7 BILLION 🔥 pic.twitter.com/RLQuG4Khc...

Michael Saylor’s MicroStrategy (MSTR) has raised an additional $3 billion to fund a new mass Bitcoin purchase, Saylor announced Thursday. According to Saylor, Microstrategy completed a $3 billion offering of convertible notes at 0% coupon and 55% premium, with an implied strike price of $672. JUST IN: MicroStrategy raises $3,000,000,000 to purchase more #Bitcoin. — Watcher.Guru (@WatcherGuru) November 21, 2024 Microstrategy, a renowned business intelligence and IB tool firm, is capitalizing big off the brewing Bitcoin boom. Michael Saylor’s Bitcoin strategy was viewed by many as a key reason for the stock’s performance. He has reflected that strategy into MSTR, spreading the profits and joys that come with being a Bitcoin holder in November 2024. According to MicroStrategy’s press release Thursday, the aggregate principal amount of the notes sold in the offering was $3 billion. It includes $400 million aggregate principal amount of notes issued pursuant to an option to...

Continuing the accumulation strategy that has been so successful for the company, Michael Saylor’s MicroStrategy has announced it will raise $2.6 billion to buy more Bitcoin. That figure is up from the previous $1.75 billion they had raised for BTC purchasing purposes. In a press release issued today, the firm announced an offering of convertible senior notes. Indeed, the move continues the same process the company has used to grow its Bitcoin holdings. To this point, it has paid dividends, with the company’s stock surging amid its ongoing accumulation of the leading crypto. JUST IN: Michael Saylor's MicroStrategy to raise $2.6 billion, up from $1.75 billion, to purchase more #Bitcoin. — Watcher.Guru (@WatcherGuru) November 20, 2024 Also Read: Michael Saylor’s Bitcoin Pitch to Microsoft Set to Lead Another Crypto Boom? MicroStrategy to Raise $2.6 Billion—Up From $1.75 Billion—to Buy More Bitcoin Bitcoin has continued to have a November to remember this year. Just...

Michael Saylor’s MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years to expand its Bitcoin holdings. The strategy, named the “21/21 Plan,” aims to secure $21 billion through equity and an additional $21 billion through debt, underscoring Saylor’s ongoing commitment to Bitcoin as a key corporate asset. “As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” said president and CEO Phong Le, in the company’s third-quarter earnings statement. 🟠#BTC MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years, split evenly between $21 billion in equity and $21 billion in fixed-income securities. The company intends to use this capital to increase its Bitcoin holdings as a treasury pic.twitter.com/f2MEcnevoQ — Fortune Tells (@online0705) O...

MicroStrategy’s executive chairman and long-time Bitcoin advocate, Michael Saylor , remains steadfast in his support for BTC. This comes amidst the recent approval of spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In response to this news, Saylor conveyed a strong message to the BTC community, reaffirming his belief in Bitcoin’s superiority over Ethereum and other assets. A prominent Bitcoin maximalist, Saylor took to X (formerly Twitter) to share his thoughts. He posted a bullish message for the crypto community, proclaiming, “All your models are destroyed when Godzilla arrives. #Bitcoin” He accompanied this with an image of the iconic movie monster Godzilla wreaking havoc. The image included a BTC mascot in the corner, symbolizing Bitcoin’s immense power and the significant impact its supporters expect it to have on the market. Also Read: What’s Happening Between Peter Schiff And Bitcoin? ...