Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Elon Musk Convinces Miners to Form ‘Bitcoin Mining Council’ to Promote Renewable Energy Usage

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,†the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories […]

Elon Musk Convinces Miners to Form ‘Bitcoin Mining Council’ to Promote Renewable Energy Usage

Tesla CEO Elon Musk has spoken with North American bitcoin miners and they have committed to forming a Bitcoin Mining Council to “promote energy usage transparency & accelerate sustainability initiatives worldwide.†They have also agreed to publish their current and planned renewable usage. The meeting was hosted by Microstrategy CEO Michael Saylor. Elon Musk and […]

Billionaire David Rubenstein Says ‘Unrealistic’ to Think Government Will Stop Cryptocurrency From Being What Investors Want

The Carlyle Group’s co-founder, David Rubenstein, says that the idea of the government stopping cryptocurrency from being something that investors want is unrealistic. He believes that cryptocurrency is here to stay. It’s not going away as “It’s clearly something that the market wants,†he said. David Rubenstein Bullish About Crypto David Rubenstein, co-founder and co-chairman […]

Billionaire David Rubenstein Says ‘Unrealistic’ to Think Government Will Stop Cryptocurrency From Being What Investors Want

The Carlyle Group’s co-founder, David Rubenstein, says that the idea of the government stopping cryptocurrency from being something that investors want is unrealistic. He believes that cryptocurrency is here to stay. It’s not going away as “It’s clearly something that the market wants,†he said. David Rubenstein Bullish About Crypto David Rubenstein, co-founder and co-chairman […]

Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February

On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm’s current stash of crypto. The company’s CEO Michael Saylor told his Twitter followers that Microstrategy now holds 92,079 bitcoins. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet Microstrategy (Nasdaq: MSTR) has […]

Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February

On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm’s current stash of crypto. The company’s CEO Michael Saylor told his Twitter followers that Microstrategy now holds 92,079 bitcoins. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet Microstrategy (Nasdaq: MSTR) has […]

Bitcoin vs Gold Debate: Frank Giustra Says BTC Not the Answer to All Problems, Crypto Proponents Exhibit Cult Behavior

The bitcoin vs. gold debate between gold financier Frank Giustra and the pro-bitcoin Microstrategy CEO Michael Saylor took place this week. In what viewers call an “epic†debate and a “historic†event, Saylor packed his arguments full of facts to convince Giustra to sell his gold and invest in bitcoin. Giustra, however, attacked how Saylor […]

World’s Wealthiest Annual Ranking Now Lists 12 Crypto Billionaires

The American business magazine Forbes recently published the company’s 2021 documentation of the wealthiest billionaires in the world. According to the list published annually every March, there are now 12 billionaires that work directly within the cryptocurrency industry and the list of crypto billionaires is 3x larger than last year. Today’s Crypto Billionaires List Since […]

Paris Hilton ‘Very, Very Excited’ About Bitcoin — Confirms She Is a Long-Term Crypto Investor

Paris Hilton says she is “very, very excited†about bitcoin, stating that “It’s definitely the future.†Besides confirming that she is a long-term bitcoin investor, the Hilton heiress put laser eyes on her social media profile picture and talked about her upcoming non-fungible token (NFT) projects. Paris Hilton Says Bitcoin Is ‘Definitely the Future’ Hilton […]

Paris Hilton ‘Very, Very Excited’ About Bitcoin — Confirms She Is a Long-Term Crypto Investor

Paris Hilton says she is “very, very excited†about bitcoin, stating that “It’s definitely the future.†Besides confirming that she is a long-term bitcoin investor, the Hilton heiress put laser eyes on her social media profile picture and talked about her upcoming non-fungible token (NFT) projects. Paris Hilton Says Bitcoin Is ‘Definitely the Future’ Hilton […]

Microstrategy Scoops up 262 Bitcoin, Treasury Holds 91K BTC at an Average of $24K per Coin

On March 12, the publicly-listed firm Microstrategy announced the company purchased an additional 262 bitcoin for $15 million in cash. The company’s CEO Michael Saylor announced the acquisition of the coins during the morning hours on Friday (ET) to his 623,000 Twitter followers. Microstrategy Tells US Regulators It Swapped $15 Million in Cash for 262 […]

Microstrategy Buys $1 Billion More Bitcoin — Company Now Holds Over 90,000 BTC

Microstrategy has purchased an additional $1.026 billion worth of bitcoin, raising the total number of bitcoins it has accumulated to about 90,531. Its CEO explained that his company remains focused on its two corporate strategies of growing its enterprise analytics software business and “acquiring and holding bitcoin.†More Than $2 Billion Worth of Bitcoin Now […]

Bitcoin for Corporations- Michael Saylor Expects an ‘Avalanche’ of Firms to Own Bitcoin

This week the firm Microstrategy held an event called “Bitcoin for Corporations†which looks at concepts like macro strategy, corporate playbooks, and legal considerations toward bitcoin. Prior to the event, Microstrategy CEO and bitcoin bull, Michael Saylor, said “professionals from more than 1,400 firms†would join the event. At the conference, Saylor was bullish on […]

Michael Saylor Predicts Massive Investor Shift from Gold to Bitcoin After Buying Another $10M Worth of BTC

Michael Saylor, the ‘bitcoin slayer’ that needs no introduction, continues his attacks on everything non-bitcoin, this time unleashing his wrath on gold. It Feels Great, Says Saylor of Owning More Than 71K Bitcoins In an interview with Andrew Henderson of Nomad Capitalist, a legal finance advisory, Saylor, condemning gold as a “dying asset†and “dead […]

Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’

Bitcoin’s price continues to move northbound, as the crypto asset’s value has touched another all-time high (ATH) this week reaching $41,970 per coin on Friday morning (EST). The digital asset bitcoin is now the 7th most valuable asset worldwide with an overall market valuation of around $778 billion today. Cryptocurrencies across the world have seen […]

Bitcoin Hits $25,890, Peter Schiff Thinks BTC Price Rise Will Attract Regulators

The price of bitcoin jumped well over the $25k handle touching a high of $25,890 on Saturday morning (EST). The crypto asset has an overall market valuation of $476 billion this weekend gaining over 6.8% during the last 24 hours. The overall cryptocurrency market capitalization of all the crypto assets in existence today is roughly […]

Canadian Company Mojo Invests $1.5 Million in Bitcoin, Plans to Allocate More Next Year

On December 23, 2020, the Canadian financial tech firm Mogo announced its plans to invest 1.5% of the company’s reserve assets into bitcoin by the year’s end. Mogo’s president and CFO said the initial corporate investment of up to $1.5 million in bitcoin builds on the company’s product development related investments in bitcoin during the […]

MicroStrategy Splurges On Another $650M in Latest Bitcoin Investment

MicroStrategy has invested all of the proceeds of its $650 million debt issuance into 29,646 more bitcoin. CEO Michael Saylor announced in a tweet Monday that the latest purchase was made at an average price of $21,925 per bitcoin. The business intelligence firm now has 70,470 BTC worth over $1.596 billion in its treasury reserve. […]

Microstrategy Buys 29,646 More Bitcoins — Now Holds Over $1.6 Billion in BTC

Nasdaq-listed Microstrategy has purchased 29,646 more bitcoins for $650 million. The latest purchase brings the company’s bitcoin holdings to 70,470 — worth more than $1.6 billion. Microstrategy Now Has Over $1.6 Billion in Bitcoin Billion-dollar public company Microstrategy (Nasdaq: MSTR) announced its latest bitcoin purchase on Monday. CEO Michael Saylor tweeted: Microstrategy started buying large […]

No Need to Convince Shareholders – Microstrategy’s Investors Already Sold on Bitcoin, Says Analyst

Investment banker Ellie Frost has put out a Twitter thread showing that four of Microstrategy’s top 10 shareholders had already been bullish on bitcoin before Michael Saylor company’s big dive into the digital asset. According to Frost, Microstrategy did not have much convincing to do, as top shareholders Blackrock, Russell Investments, Renaissance Tech, and Citron […]

Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purchases

Microstrategy Inc. has raised $650 million from the sale of convertible senior notes so that it could buy more bitcoin. In a note to investors on Dec. 11, the business intelligence and mobile software firm said it completed the sale of $650 million in convertible bonds to private investors at 0.75% interest per year. The […]

Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million

BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The Canadian Securities Exchange-listed firm spent about CAD$1 million ($775,000) on its latest buy. The company said it “believes strongly in […]

Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases

Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell†rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With Microstrategy’s ‘Disproportionate Focus on Bitcoin’ While Citigroup has recently been bullish on bitcoin, Citi analyst Tyler Radke […]

MicroStrategy, Raising Funds to Buy More Bitcoin, Boosts Notes Offering to $550M From $400M

MicroStrategy (Nasdaq: MSTR) Wednesday announced the pricing of its offering of $550 million aggregate principal amount of 0.750% convertible senior notes due 2025.  That amount exceeds the $400 million the company said it intended to sell in its shelf registration with the U.S. Securities and Exchange Commission. MSTR said it estimates that the net proceeds […]

Microstrategy Buys More Bitcoin, Now Holding BTC Worth Over $780 Million in Treasury

Nasdaq-listed billion-dollar company Microstrategy has made its third large bitcoin purchase. The company now holds about 40,824 bitcoins, worth over $780 million at the current price. Microstrategy’s Third Bitcoin Buy Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoins. CEO Michael Saylor tweeted Friday: Microstrategy also informed the U.S. Securities and Exchange Commission (SEC) on Friday […]

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals […]

Coinbase Brokered MicroStrategy’s $425M Bitcoin Purchase, Companies Reveal

U.S. cryptocurrency platform Coinbase facilitated MicroStrategy’s $425 million bitcoin buy earlier this year. In an announcement Tuesday, both companies revealed that MicroStrategy’s initial $250 million investment, which occurred over a five-day period in August, came via Coinbase Prime, the exchange’s crypto brokerage arm formed following the acquisition of Tagomi in May. That was followed up […]

MicroStrategy Wants to Be in the Bitcoin Business, Not Just an Investor

MicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services. Exactly what those services might be, when they would come online and how they would be monetized are still open questions. But in a Nov. 16 conference call, Chief Executive Michael Saylor, […]