Corporate participation in the bitcoin market is on the rise, with the top 60 public companies holding a total of 591,368 BTC. Microstrategy leads the way with 444,262 bitcoins in its portfolio. This information was shared by Microstrategy’s executive chairman, Michael Saylor, on Friday. These companies are playing a significant role in fueling the bitcoin … Read more
Michael Saylor has transformed his company into a Bitcoin play by selling off traditional investments to buy Bitcoin, sending a signal about its legitimacy in corporate treasuries. This move diversified their assets and added volatility to their financial statements. Saylor treats Bitcoin as a long-term asset and hedge against inflation, showcasing an innovative strategy in … Read more
MSTR Is a Timely Play on BTC Halving; Initiate at Buy: Benchmark Benchmark believes that MicroStrategy (MSTR) has a unique business model focused on acquiring and holding bitcoin, which makes up the majority of the company’s value. The firm has a buy rating on MSTR stock with a price target of $990. They anticipate that … Read more
Brace For Impact: MicroStrategy’s Michael Saylor Is Selling Shares To Buy More Bitcoin MicroStrategy co-founder Michael Saylor is selling off company stocks to acquire more Bitcoin, with recent sales earning him over $20 million. He plans to sell around 5,000 shares every trading day until April 26 to boost his BTC holdings. Saylor has been … Read more
