Tag: Microstrategy

MicroStrategy’s Bitcoin Holdings Profit Tops $2B

Business intelligence company MicroStrategy (MSTR) earlier on Monday was sitting on more than a $2 billion profit on its massive holdings of bitcoin (BTC) following the crypto’s rally above $42,000. Led by then CEO and now Executive Chairman Michael Saylor, MicroStrategy began purchasing bitcoin in August 2020. The company’s most recent purchases took place last month and as of Nov.…

Read More

MicroStrategy Explored Options From Art to Real Estate Before Bitcoin Buys, New CEO Says

New MicroStrategy CEO Phong Le backed up Michael Saylor’s decision to hold bitcoin on the company’s balance sheet. Speaking Tuesday at a conference sponsored by investment bank Canaccord Genuity, Le said that prior to first purchasing bitcoin (BTC) in August 2020, MicroStrategy considering purchasing Treasurys, corporate bonds, gold, commodities, real estate and even artwork. Digital assets, however, kept popping into…

Read More