87 Articles 1 Followers
9 Dec 2020 1 minute read 0 comments Kamend1 $0.38
Coingecko reports that Citi has lowered its recommendation for MicroStrategy’s stock from ‘neutral’ to ‘sell’ following the firm’s recent announcement to purchase additional Bitcoin (BTC).The downgrade seeks to warn investors that the intelligence co...
9 Dec 2020 1 minute read 1 comment Keegan Francis $0.40
Turning Cash Reserves Into Bitcoin It was quite the day when I woke up to find that a publicly traded company called MicroStrategy had turned $425 million dollars of cash reserves into bitcoin. To be honest, this came out of left field. I had a fee...
8 Dec 2020 1 minute read 0 comments coinpass Global $0.05
Hello! Welcome to the first December edition of the coinpass.com weekly roundup. It may be getting cooler in December but the crypto-space has never been hotter. Bitcoin STILL! above $19K ETH2 Launch New companies venturing into crypto .. there's...
8 Dec 2020 1 minute read 0 comments author_nan $1.57
On Dec. 7, Microstrategy announced that it was planning to invest more into Bitcoin, this time up to $400 million in convertible bonds. The $400 million from the bonds will be used to buy Bitcoin “pending the identification of working capital needs”...
7 Dec 2020 1 minute read 2 comments author_nan $0.97
Microstrategy CEO Michael Saylor on Dec. 5 tweeted that the company had invested another $50 million in bitcoin, bringing its total BTC holdings to $784 million. Saylor said that Microstrategy had purchased another 2,574 BTC worth $50 million, brin...
6 Dec 2020 1 minute read 0 comments Raymo $0.17
In my attempt to buy most of the publicly-traded stocks with bitcoin treasuries. I would say I had a good week. In the previous week, I had added one bitcoin-related stock - HIVE Blockchain Technologies (T.HIVE) - from the list and one ethereum-relat...
3 Dec 2020 1 minute read 4 comments Keegan Francis $2.40
Case Study Preamble When a company converts 85% of their company cash reserves into bitcoin, it is worth asking why. It is also worth asking how, but that will come later. Most people are familiar with Bitcoin on the level of hearing it in the news e...
19 Nov 2020 1 minute read 3 comments author_nan $2.25
Microstrategy CEO Michael Saylor has doubled down on Bitcoin as an investment, saying that the decision to invest $600 million of the company’s reserves in the asset comes from a lifetime experience and months of analysis. Saylor made the remarks in...
13 Nov 2020 1 minute read 9 comments author_nan $13.56
Microstrategy CEO Michael Saylor has a tip for Apple, tweeting on Nov. 11 that if the company were to integrate Bitcoin into its Apple Pay app, it would generate $100 billion in shareholder value. Saylor tweeted in response to a post by Dan Weiskopf...
28 Oct 2020 1 minute read 4 comments author_nan $8.26
In an earnings call held on October 27, Microstrategy President Phong Le made clear that the company was looking to pour more funds to its Bitcoin (BTC) investments. Le noted both the financial and reputational benefit associated with the $426 milli...
