MicroStrategy News

MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per coin, or 9% lower than the average purchase price of its entire BTC purchase.

“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” Berenberg Capital analysts say.

Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks.

Bitcoin price is closely linked to several financial assets, but there are different reasons for its correlation with certain precious metals and stocks.

During a recent podcast interview, Michael Saylor explained that Bitcoin being bought and custodied by corporations should not be feared, outlining three main reasons driving the need for custodians.

The rise in cryptocurrency prices and non-trading revenues became key to profitability for many crypto-focused companies.

This week’s Crypto Biz looks at Worldcoin’s expansion plans, GameStop’s exit from crypto, MicroStrategy’s quarterly results and Nomura’s crypto license in Dubai.

Michael Saylor compared his firm to a “sportscar,” whereas a spot ETF will be like a “supertanker” when it comes to giving investors Bitcoin exposure.

MicroStrategy, one of the largest corporate holders of Bitcoin, said proceeds of the sale could be used to buy up even more Bitcoin.

Michael Saylor’s MicroStrategy held 152,800 Bitcoin as of July 31, and is back in the black.

Michael Saylor, Layah Heilpern and Girl Gone Crypto were among those in the crypto community that took an interest in what Australian actress Margot Robbie had to say about Bitcoin.

Analysts predict that Bitcoin’s next pre-halving rally could begin in the next four months.

This week’s Crypto Biz examines the story behind Binance’s debanking in Australia, Bitcoin miners preparing for the next halving and Bitfinex’s expansion in Latin America.

There’s no room for slacking when it comes to monetary policy tightening, Powell says, as Bitcoin takes a breather from yearly highs.

“DCA works,” wrote Binance CEO in response to the purchase.