2021-5-1 16:17 |
New figures show certain revenue sectors boomed by over 50% in Q1 2021 compared to the same quarter last year.
origin »
|
MicroStrategy continues its Bitcoin (BTC) buying spree. The business intelligence firm scooped 2,138 BTC for $209 million in its latest purchase, pushing its total holdings to 446,400 BTC. MicroStrategy Ends 2024 With Another Bitcoin Buy In an announcement made today, the US-based company stated it had further bolstered its BTC reserves with a fresh 2,138 […]
The official announcement will likely come this Friday, says Bloomberg.
MicroStrategy has increased its convertible debt offering to $2. 6 billion, up from its original $1. 75 billion target, according to a Nov. 20 statement. The firm stated that the proceeds from this offering will fund additional Bitcoin acquisitions and other corporate needs.
Bitcoin clinched another all-time high of $88,448 on Monday, surging 11% over the past 24 hours.
Bears on MicroStrategy’s high stock price compared to the amount of its bitcoin holdings are overlooking the company’s “unique” shareholder value, investment banking firm Benchmark said in a research report on Friday.
MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions. This private offering targets qualified institutional buyers and seeks to bolster the company’s resources amid volatile market environments.
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 premium to the underlying cryptocurrency […]