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MicroStrategy Buys Bitcoin for 8th Straight Week, Stock Slips

Business intelligence firm MicroStrategy continues to spend heavily on Bitcoin. On Monday, the company revealed that it bought more Bitcoin last week in a U.S. Securities and Exchange Commission (SEC) filing, marking the eighth straight week in which it increased its cryptocurrency holdings. According to...

MicroStrategy, Palantir, and Axon Stocks Undeperform on Their First Nasdaq 100 Day

The move to the Nasdaq 100 didn’t go as well as expected for MicroStrategy, Palantir Technologies, and Axon Enterprise. The stocks of three companies underperformed on Monday, their first day on the index, despite being projected for a massive rally. Earlier in December, Nasdaq 100...

MicroStrategy Buys More Than 27K Bitcoin in Largest Purchase Since 2020

Business intelligence firm MicroStrategy disclosed a purchase of 27,200 Bitcoin in a statement made on Monday. It is the company’s largest acquisition of the world’s most valuable cryptocurrency since 2020 when it bought 29,646 Bitcoin. MicroStrategy, which is the largest corporate holder of Bitcoin, made...

MicroStrategy Buys $1.1 Billion Worth of Bitcoin in a Largest Purchase Since 2021

Business intelligence firm MicroStrategy acquired $1.1 billion worth of Bitcoin, according to the company’s recent US Securities and Exchange Commission (SEC) filing.  MicroStrategy unveiled that it had purchased 18,300 Bitcoins from the beginning of August until September 12. This marks the company’s largest purchase of...

Michael Saylor Predicts a $280 Trillion Market Cap for Bitcoin

Michael Saylor, founder of business intelligence company MicroStrategy and outspoken crypto enthusiast, shared a bold prediction for Bitcoin during a recent appearance at the Bitcoin 2024 conference in Nashville, Tennessee. According to Saylor, the world’s most valuable cryptocurrency will have a market capitalization of...

MicroStrategy Announces 10-for-1 Stock Split

Software company MicroStrategy, which is the largest corporate holder of Bitcoin, announced a 10-for-1 stock split. The stock split, which will give shareholders nine class A and class B common shares on top of every share they hold, will be enacted on August 7. Announcing...