Balance sheet, Finance, Michael J. Saylor, MicroStrategy, Money, Investment

MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives

On Oct 27, 2020
@CoinDesk shared
"You should expect that we will purchase additional bitcoin as we generate" more excess cash, said MicroStrategy's president in the Q3 earnings call. @realDannyNelson reports https://t.co/Ia1ZiYHuz1
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Bitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year-over-year and the company notched a net loss of $14.2 million for the quarter.

www.coindesk.com
On Oct 27, 2020
@CoinDesk shared
"You should expect that we will purchase additional bitcoin as we generate" more excess cash, said MicroStrategy's president in the Q3 earnings call. @realDannyNelson reports https://t.co/Ia1ZiYHuz1
Open

MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives

MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives

Bitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year-over-year and the company notched a net loss of $14.2 million for the quarter.

MicroStrategy's crypto holdings may be paying off more than its business

MicroStrategy's crypto holdings may be paying off more than its business

According to one researcher, business intelligence firm MicroStrategy reported $78M in net income starting from Q1 2017, while the value of its initial $425M Bitcoin purchase has increased ...

MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset

MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset

MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate ...

Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment

Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment

Square, the payments company helmed by Twitter CEO Jack Dorsey, announced Thursday it has purchased 4,709 bitcoins.

MicroStrategy Recognized as a Technology Leader for Business Intelligence, Analytics (MESA)

MicroStrategy Recognized as a Technology Leader for Business Intelligence, Analytics (MESA)

Dresner Advisory Services has honored MicroStrategy with a 2018 Technology Leader for Business Intelligence award. “The recognition from industry leader Dresn

Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin 'Superior to Cash'

Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin 'Superior to Cash'

Nasdaq-listed company Microstrategy Inc. is bullish on bitcoin, saying that it is a "dependable store of value" that is "superior to cash." The billion-dollar company has purchased $250 ...

250 Million Reasons Why MicroStrategy Adopted Bitcoin... And Why Others Will Too

250 Million Reasons Why MicroStrategy Adopted Bitcoin... And Why Others Will Too

The CEO of the company that just bought 21,454 BTC calls it “digital gold,” and the tide will cause the business world to admit the same...

Crypto Roundup: August 17th, 2020

Crypto Roundup: August 17th, 2020

Leading cryptocurrency Bitcoin is cementing its position as a mainstream macro asset. As cryptocurrency was advertised on TV screens nationwide last week,

EDITOR'S COMMENT.

EDITOR'S COMMENT.

“This investment reflects our belief that Bitcoin, as the world’s most widely adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term ...

Microstrategy 2019 – Hyperintelligence plays to the emerging voice market

Microstrategy 2019 – Hyperintelligence plays to the emerging voice market

Microstrategy 2019 is one of its biggest releases with emphasis on ease of use and deployment coupled with access to new technologies such as voice.

Jack Dorsey’s Square Purchases $50 Million Worth Of Bitcoin

Jack Dorsey’s Square Purchases $50 Million Worth Of Bitcoin

Leading financial technology company Square revealed that it had deployed $50 million of capital on its balance sheet to purchase Bitcoin. The company purchased over 4,900

Bitcoin Daily: MicroStrategy CEO Says Bitcoin Is ‘Less Risky’ Than Cash; Police Probe Indian Crypto Exchange In $272K Theft

Bitcoin Daily: MicroStrategy CEO Says Bitcoin Is ‘Less Risky’ Than Cash; Police Probe Indian Crypto Exchange In $272K Theft

The CEO of MicroStrategy claims that the Fed's easing of its inflation approach was a factor in his decision to convert the rest of the firm's money to bitcoin.