Strategy CEO Phong Le says the market still misunderstands and undervalues its Bitcoin play, as it posted $10 billion profit in the second quarter and plans to raise $4.2 billion to buy more.
Latest MicroStrategy News
MicroStrategy is a business intelligence and analytics firm founded by Michael Saylor in 1989. It offers software and services that help enterprises evaluate massive data sets.
MicroStrategy is known for its large investment in Bitcoin. It transferred a major percentage of its treasury reserves into the cryptocurrency as part of a long-term strategy to retain value and hedge against inflation.
Get all the latest MicroStrategy news on Cointelegraph.
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- Price Analysis
Bitcoin’s tight consolidation just below $120,000 suggests the bulls are holding on to their positions as they anticipate an uptick in volatility.
11050 - News
Strategy bought over 21,000 Bitcoin after raising $2.5 billion from a preferred stock offering, the largest initial public offering in the US this year.
14799 - Market Analysis
ETH price corrected at the weekly open, but futures data pinpoints the possibility of a breakout to $5,000.
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Michael Saylor’s Strategy did not purchase any Bitcoin last week, reporting just two acquisitions in July totaling 10,445 BTC, a 39% drop from June.
5412 - Newsletter
The passage of the GENIUS Act is bringing renewed investor interest to Ether and Ethereum-native yield-generating opportunities.
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SharpLink has hired a 20-year BlackRock veteran just one day after its biggest Ether-buying rival, BitMine, disclosed a massive ETH purchase.
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Michael Saylor’s company has accumulated 607,770 BTC since adopting its Bitcoin treasury strategy in 2020.
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South Korea’s FSS advises fund managers to limit ETF exposure to crypto firms like Coinbase, citing caution as regulatory rules are still evolving.
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SharpLink bought 79,949 ETH — its largest such purchase — to reclaim its status as the world’s largest public ETH holder.
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Strategy aims to launch a stock akin to a synthetic stablecoin, enabling the company to absorb more fiat money to convert into Bitcoin capital.
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Michael Saylor’s Strategy made a fresh $739.8 million investment in Bitcoin last week, with total holdings now reaching 607,770 BTC.
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Strategy continues accumulating Bitcoin as it hits all-time highs in July, and the total crypto market cap breaches the $4 trillion mark.
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At least seven law firms have filed complaints against Strategy, alleging securities fraud. Two crypto lawyers had different takes on the situation.
22810 - Markets News
Data from Fidelity Investments suggests that Bitcoin is still mid-cycle in its adoption curve as institutional interest and inflows signal asset maturity.
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