Microstrategy’s annual Bitcoin for Corporations conference has kicked off its second day, featuring conversations with leading finance, regulatory and fintech professionals on the future of corporate Bitcoin adoption. Discussions will center around the financial implications of the recently approved Spot Bitcoin ETFs in the United States, the changing regulatory landscape …
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“The institutions are coming.” Anyone who’s been in the Bitcoin space for any significant period of time has heard some prominent figure within the space utter this phrase. In August 2020, when MicroStrategy, an American-based business software company, announced it would be purchasing bitcoin to add it to its treasury, …
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Metaplanet Inc., a diversified enterprise listed on the Tokyo Stock Exchange, has officially embraced Bitcoin as a principal component of its treasury assets, committing an initial investment of JPY 1 billion (about $6.56 million). This strategic pivot positions Metaplanet to potentially become “Asia’s first MicroStrategy,” referencing the American company known …
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Metalpha Technology Holding Limited (NASDAQ: MATH) provides qualified investors and institutions with boutique crypto wealth management services, as a rising star in Asia akin to MicroStrategy (MSTR). CEO Adrian Wang founded the company on a mission to build a sustainable crypto ecosystem with effective hedging solutions in an industry known …
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Kerrisdale Capital, a hedge fund, today disclosed a nuanced investment thesis: going long on Bitcoin while concurrently taking a short position on MicroStrategy shares. This move is predicated on the assessment that MicroStrategy, which has positioned itself as a de facto Bitcoin investment vehicle, is trading at a significantly unjustified …
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On Tuesday, MicroStrategy announced the acquisition of an additional 9,245 BTC for approximately $623.0 million, using proceeds from convertible notes and excess cash. This purchase brings the company’s total holdings to 214,246 BTC. This figure represents more than 1.0% of the total 21 million Bitcoin that will ever exist, marking …
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As Bitcoin (BTC) continues its unprecedented uptrend, surging to a new all-time high (ATH) of $72,300, software company MicroStrategy remains steadfast in its vision. It is reaping substantial rewards from its strategic investment in the largest cryptocurrency in the market. MicroStrategy, led by renowned Bitcoin supporter and former CEO Michael …
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Bitcoin’s volatility takes center stage as the BlackRock iShares Bitcoin ETF (IBIT) outpaces MicroStrategy’s impressive holdings, marking a seismic shift in the cryptocurrency landscape. MicroStrategy Trails As BlackRock Leads The Charge BlackRock’s iShares Bitcoin ETF (IBIT) has swiftly overtaken MicroStrategy in the race for Bitcoin supremacy. In just under two …
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Last week, Bitcoin managed to recover a substantial portion of the ETF-induced losses that occurred in the two weeks after their approval but then stalled at around $43,000 for several consecutive days. In fact, the asset remained at around that level from last Thursday to this Wednesday with little to …
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Analysts are characterizing MicroStrategy’s stock as akin to an “essentially a leveraged Bitcoin ETF” due to its exposure to the cryptocurrency. In the latest announcement on Wednesday, December 27, MicroStrategy Inc (NASDAQ: MSTR) acquired an additional 14,620 Bitcoins in the past month, spending $615.7 million at an average price of …
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MicroStrategy (MSTR), a prominent Bitcoin holding company, has once again expanded its BTC holdings with a substantial purchase of 14,620 Bitcoin, amounting to a staggering $615.7 million. The former CEO of the American business intelligence (BI) firm announced the acquisition, highlighting the company’s continued confidence in Bitcoin’s long-term potential. With …
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The fund would use investor capital to buy call options on MSTR while simultaneously selling put options. The premiums collected from these transactions would then be distributed to shareholders as monthly yields. An investment firm YieldMax directed a request to the Securities and Exchange Commission (SEC) seeking regulatory approval for …
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