MicroStrategy CEO Michael Saylor has proclaimed to shareholders of his company that his firm intends to “vigorously pursue” its reserve assets strategy to buy and hold more Bitcoin. Saylor’s publicly traded company is the largest single-wallet holder of Bitcoin (BTC) in the world with 129,218 BTC according to wallet tracker Bitcoin Treasuries. Those coins are currently valued at about $5.1 billion. MicroStrategy bought 4,197 more coins on April 5. By comparison, Tesla, MicroStrategy's runner-up in the hodling race, owns 43,200 BTC valued at about $1.7 billion. In MicroStrategy's 2022 Proxy Statement that was filed with the SEC on April 14, …

Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with today’s drop below $44,000 there is still mounting evidence that the market structure is healthy. On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Four months later, the price remained 18% below the $56,650 closing on Dec. 2, 2021. Much has changed over that period, and hard evidence comes from other sections of the sector. Between February 15 and April 2, 2022, enterprise software development firm, MicroStrategy, announced the acquisition of 4,197 Bitcoin . Inflows to Canadian …

On Tuesday, enterprise software development firm MicroStrategy announced via a filing with the U.S. Securities and Exchange Commission (SEC) that its subsidiary MacroStrategy acquired 4,197 Bitcoin ($190.5 million) between February 15 and April 4. MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI — Michael Saylor⚡️ (@saylor) April 5, 2022 The coins were bought at a weighted average price of $45,714, which is roughly equivalent to the price of the digital …

Bitcoin (BTC) fell into the Wall Street open on April 5 after briefly passing $47,000. Trader shows importance of 200DMA for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering downward pressure as financial markets opened Tuesday. The pair was thus more or less at the same level as 24 hours previously, with the intervening period seeing volatility both up and down. Amid an overall lack of direction, traders and analysts were waited to see where the largest cryptocurrency would go next. Popular Twitter account CivEkonom was optimistic, highlighting a CME futures gap at $54,000 as a potential …

As Bitcoin (BTC) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff. Speaking of Bitcoin, a MicroStrategy subsidiary confirmed this week that it plans to buy more “digital gold” through a crypto-collateralized loan. Terraform Labs CEO Do Kwon also ramped up his Bitcoin purchases to provide solid backing for Terra’s UST stablecoin. This week’s Crypto Biz takes a deep dive into the gold industry and the latest business …

MicroStrategy CEO and Bitcoin permabull, Michael Saylor believes that traditional financial markets aren’t quite ready for Bitcoin-backed bonds. Saylor told Bloomberg on Tuesday, that he’d love to see the day come where Bitcoin-backed bonds are sold like mortgage-backed securities, but warned that, “the market is not quite ready for that right now. The next best idea was a term loan from a major bank.” MacroStrategy, a subsidiary of @MicroStrategy, has closed a $205 million bitcoin-collateralized loan with Silvergate Bank to purchase #bitcoin. $MSTR $SIhttps://t.co/QYw2ZgeE3U — Michael Saylor⚡️ (@saylor) March 29, 2022 The remarks come two days after MicroStrategy’s (MSTR) Bitcoin-specific …

Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests. Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million. Terra co-founder rejects idea LFG moved BTC price The Luna Foundation Guard (LFG), a nonprofit organization around Terra, is currently following through on its plans to back its new TerraUSD (UST) stablecoin with both Bitcoin and its native LUNA token. The plans were only revealed this month by Terra co-founder Do Kwon, but the destination wallet …

Watch out Michael Saylor! Do Kwon, the CEO of Terraform Labs is hot on the Microstrategy CEO’s heels. The Terra wallet has now amassed almost $1.5 billion in Bitcoin (BTC) following another huge BTC purchase. The wallet address thought to belong to Terra (while not officially confirmed) received another 2943.00002511 Bitcoin ($139 million) on Wednesday. Wallet alert accounts on Twitter have been tracking the wallet. The wallet began amassing colossal amounts of Bitcoin on Jan. 21 and has not sold a single Satoshi. According to the chart, while the wallet first injected almost 10k Bitcoin on 21st Jan, the wallet …

MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate Bank. In a Tuesday announcement, MicroStrategy said Silvergate issued a $205 million loan “secured by certain Bitcoin held in MacroStrategy’s collateral account.” The firm's subsidiary MacroStrategy will be using the proceeds of the loan to purchase Bitcoin (BTC), pay fees and interest related to the loan, and handle general corporate expenses. “The SEN Leverage loan gives us an opportunity to further our position as the leading public company investor in Bitcoin,” said MicroStrategy CEO Michael Saylor. “Using the capital …

As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out. Ki Young Ju, CEO of South Korean on-chain analytics resource CryptoQuant, took to Twitter on Thursday to report that his platform has not observed any “significant on-chain activities” as of 11:00 AM UTC. Institutional investors who bought Bitcoin via on-chain transactions seem to have not sold their holdings yet, Ju wrote, adding that “institutions running algorithmic trading bots think BTC is …

Big Four auditor KPMG’s Canadian operation has officially added Bitcoin (BTC) and Ether (ETH) to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets. The decision to add Bitcoin and Ether to its balance sheet reflects KPMG Canada’s belief that cryptocurrencies are a “maturing asset class,” says Benjie Thomas, a managing partner for the firm. KPMG in Canada is following in the footsteps of hedge funds, family offices and pension funds in gaining exposure to crypto. In addition to its newly acquired BTC and ETH holdings, KPMG in Canada said it …

MicroStrategy, the fortune 500 company with a 125,051 Bitcoin (BTC)-strong treasury, announced its Q4 2021 financial results on Feb. 2. The institutional software solution provider reported a net loss of $146.6 million incurred in impairment charges on its Bitcoin holdings. The high impairment losses added to the company’s operating expenses which saw a 125% increase at $248 million as compared to the same quarter last year. An impairment loss is a recognized reduction in the acquisition cost of an asset that is triggered by a decline in its fair value. When the fair value of an asset declines below its …