Last week, Square made mainstream headlines when it was revealed that the firm had bought Bitcoin — $50 million worth of the cryptocurrency. Square is a financial technology giant valued at around $80 billion, though the $50 million was only approximately 1% of its assets. Square wasn’t the first company to do so. The month…
Michael Saylor, the Founder of MicroStrategy, said, so far, he has spent a total of $425 million buying Bitcoin. In a recent tweet, Saylor mentioned his firm had just purchased approximately 17k BTC. Including previous the purchase of 21k tokens, the firm now holds around 38k BTC in total. “On September 14, 2020, MicroStrategy completed…
Earlier this year, MicroStrategy made the news across the world when it became the first major, U.S. stock exchange-listed company to invest in Bitcoin. The Nasdaq-listed firm, whose shares trade under MSTR, purchased $250 million worth of the leading crypto from its cash reserves. Company chief executive Michael J. Saylor, who was once a very…
Another week, another round of Crypto Tidbits. It’s been another volatile week for the Bitcoin market. In the past seven days, the leading cryptocurrency has traded at both $11,100 and $12,000, whipsawing between the levels as the price enters a consolidation. Ethereum, on the other hand, has been surging higher; ETH now trades for $440 as…