T-Rex Group has filed for exchange-traded funds (ETFs) that aim to leverage the daily performance of Microstrategy Incorporated (MSTR). The proposed ETFs will take 2x long and 2x inverse positions in MSTR, magnifying its daily stock performance by 200%. T-Rex Group Files for Microstrategy ETFs, Dubbed the ‘Ghost Pepper of ETF Hot Sauce’ T-Rex Group, […]
Bitcoin News
Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model
Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin […]
Bitcoin News
Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’
Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor stated this approval gives rise to a crypto asset class, including several use cases like tokens, NFTs, and defi, with Bitcoin at […]
Bitcoin News
MicroStrategy’s Saylor Bashes Ethereum (ETH), Cardano (ADA) and Ripple (XRP); Traders See Rollblock (RBLK) as a Safe Bet
The CEO of MicroStrategy, Michael Saylor, recently critiqued Ethereum (ETH), Cardano (ADA) and Ripple (XRP) as he labeled them securities. This brought about a lot of talk among traders as they now look at safer options like Rollblock (RBLK). Analysts hint that this Stage 1 presale star could be the next .5 token in 2024 and one of the best cryptos to buy.
Michael Saylor: Ethereum ETF Will Never Come
One of the top crypto coins, Ethereum (ETH), has been in the headlines recently. MicroStrategy’s CEO, Michael Saylor, predicted that the US SEC will dismiss spot Ether ETFs listing and trading applications. Saylor said that he expects this decision because the US CFTC will not be able to supervise Ethereum as a commodity but as a crypto-asset security.
This Ethereum news may trigger a bear run for this crypto. Nevertheless, the Ethereum crypto value jumped 60% in the past year alone while its market cap soared to 9B. Additionally, 11 technical indicators are flashing buy signals for Ethereum. Thus, market analysts predict Ethereum will reach a value of ,137 before Q2 of 2024 ends.
Charles Hoskinson Responds to Michael Saylor’s Cardano (ADA) Comments
In that same speech, Michael Saylor stated that many other top crypto coins, such as Cardano (ADA), will be treated as crypto asset securities as well. However, the co-founder of Cardano, Charles Hoskinson, responded to this claim. He claims that Michael Saylor is a Bitcoin maximalist who constantly bashes anything that is not Bitcoin.
When it comes to the Cardano coin value, it saw an 18% growth in the past 12 months while its market cap held at B. Not only that, Cardano is now trading above its 200-day EMA. As a result of all this bullish Cardano news, experts believe it is still a good crypto to buy. They foresee a surge to .57 within Q2 of 2024.
Pro-Ripple (XRP) Lawyer Bill Morgan Responds to Michael Saylor
Michael Saylor also stated that the Ripple (XRP) crypto will be deemed a security. XRP lawyer Bill Morgan has criticized Michael Saylor’s understanding of the cryptocurrency market in response to Saylor’s comments about altcoins. Differentiating between Ripple and XRP, Morgan noted that a court has already ruled that XRP is not a security.
This Ripple news may cause a bullish rally for this crypto. In terms of the Ripple coin value movement, it surged 17% on the YTD chart. Furthermore, there are now 15 technical indicators in the green for Ripple. Therefore, market analysts foresee Ripple hitting a value of .62 before Q2 of 2024 ends.
Rollblock (RBLK): Among the Best Cryptos To Invest In
Michael Saylor’s remarks have also led traders to talk about Rollblock (RBLK) as a safer option in this volatile crypto market. Rollblock is a community-driven GambleFi protocol that combines decentralization with centralization in online gambling. Thus, Rollblock has tremendous potential to become a dominant force in this 0B market.
Although this market is flourishing, it also has many issues plaguing it, such as high entry barriers and intrusive sign-up KYC checks. Rollblock removes these problems by requiring no additional downloads and installations. Users can now just sign up using an email address and begin playing the casino games in complete anonymity, as no KYC checks are needed.
The RBLK utility token will be the backbone of this innovative platform. Holding this token entitles you to obtain a portion of daily profits generated by Rollblock. Additionally, staking this token will bring you extra passive income and immediate rewards, which can be used in the casino or saved.
Currently, one RBLK costs only .01 as it is in Stage 1 of its presale. However, demand is high as over 9M tokens have already been sold. This is because as the presale advances, so will its value. The RBLK price is expected to increase 1200% in the presale alone. Prominent market analysts foresee a potential surge to .5 once a Tier-1 CEX lists RBLK in Q3 of 2024 – making it the best crypto investment.
Will Rollblock Leave Ethereum, Cardano and Ripple in the Dust?
Rollblock has a small market cap of M, but has a high probability of seeing a much higher % return than Ethereum, Cardano and Ripple. For its price to skyrocket, it needs fewer new funds than these competitors. With this advantage, RBLK can become one of the best cryptos to buy.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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Microstrategy’s Bitcoin Portfolio Value Soars to $13.2 Billion, Marking a 116% Gain
According to the latest figures, Microstrategy’s investment in bitcoin has doubled, showing a 116% increase after the cryptocurrency’s value experienced a significant rise this past week. The company, specializing in business intelligence, has acquired a total of 193,000 bitcoins at an expenditure of .122 billion, with the current market value of their holdings soaring to […]
Bitcoin News
MicroStrategy’s Bitcoin Holdings Balloons Above $10 Billion, Here’s How Much Profit It Has Made
MicroStrategy recently revealed that they had acquired an additional 3,000 BTC this month, bringing its Bitcoin holdings to 193,000 BTC. Interestingly, BTC’s recent price surge caused these holdings to cross the billion mark, with the software company currently sitting on a tremendous amount of unrealized profits.
MicroStrategy’s Unrealized Profit Reaches Billion
As disclosed in the company’s filing with the Securities and Exchange Commission (SEC), its BTC holdings have now been purchased for an average price of ,544. That means that MicroStrategy’s Bitcoin investment is now at an unrealized profit of almost billion, considering Bitcoin is trading just above ,000.
MicroStrategy’s ‘Bitcoin strategy,’ spearheaded by its co-founder Michael Saylor, began as far back as 2020 when the company started investing in the flagship crypto token. Saylor saw this as a way to hedge against inflation and diversify the company’s cash reserves. Since then, Saylor and his company have continued to accumulate Bitcoin aggressively.
Saylor’s faith in Bitcoin was tested when the company’s investment was at an unrealized loss during the height of the crypto winter when BTC traded below the ,000 price level. Despite that, Saylor and MicroStrategy stayed true to their Bitcoin Strategy. Instead of selling, they saw it as an opportunity to accumulate more BTC.
Saylor also recently made it clear that he and his company have no intention of liquidating their BTC holdings anytime soon, stating that “Bitcoin is the exit strategy.” This sentiment undoubtedly provides a bullish narrative for the flagship crypto, especially considering what could happen to the market if the company offloads its Bitcoin.
MicroStrategy is currently the largest corporate holder of BTC and is leading the charge as institutional demand for BTC continues to increase. This demand has mainly come from the Spot Bitcoin ETFs, which together hold more BTC than MicroStrategy combined.
Spot Bitcoin ETFs Trading Volume Surpass Billion Again
Bloomberg analyst Eric Balchunas revealed that the newly listed Bitcoin ETFs once again surpassed the billion mark on February 27. This was the second consecutive day they achieved this, having recorded an all-time high of .4 billion in trading volume on February 26. Specifically, the world’s largest asset manager, BlackRock, seems to be having a run of its own.
Balchunas noted that BlackRock had broken its record again, with the iShares Bitcoin ETF (IBIT) recording a trading volume of .3 billion on February 27. The impressive demand for these funds is believed to be another reason why BTC’s price has continued to rally.
At the time of writing, Bitcoin is trading at around ,100, up in the last 24 hours, according to data from CoinMarketCap.
Microstrategy’s Bitcoin Investment Flourishes, Valued at Nearly $10 Billion
Based on the latest available data, the Nasdaq-traded Microstrategy possesses 190,000 bitcoins, acquired at a cost of .96 billion. Presently, the value of the company’s bitcoin holdings has swelled to .88 billion. This marks a 66% increase in the firm’s bitcoin portfolio, a stark contrast to its performance just eight months earlier. From Decline to […]
Bitcoin News
Michael Saylor Selling $216 Million of Microstrategy’s Shares, Plans to Buy More Bitcoin
Microstrategy’s executive chairman, Michael Saylor, is selling 6 million of his company’s shares, according to a filing with the U.S. Securities and Exchange Commission (SEC). The pro-bitcoin executive intends to use some of the proceeds to acquire additional bitcoin for his personal holdings.
Michael Saylor Plans to Buy More Bitcoin for Himself
Microstrategy (Nasdaq: MSTR)’s executive chairman, Michael Saylor, plans to sell 315,000 shares of his company’s common stock worth 6 million, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Jan. 2.
Microstrategy previously disclosed Saylor’s plan to sell up to 400,000 shares of company stock over four months. In its November 10-Q filing with the SEC, the Nasdaq-listed firm explained that the pre-arranged 10b5-1 trading plan, triggered by a stock option that expires on April 30, 2024, involves daily sales of 5,000 shares contingent on a minimum price condition.
During Microstrategy’s Q3 2023 earnings call on Nov. 2, 2023, Saylor explained that he plans to use some of the proceeds to buy more bitcoin for his personal account.
“I was granted a stock option in 2014 with respect to 400,000 shares, which is going to expire next April if I don’t exercise it by then,” the executive chairman began. “For almost a decade now at my request, the company has only paid me a salary and I’ve chosen not to be eligible for any cash bonuses.” Saylor continued:
Exercising this option will allow me to address some financial obligations as well as to acquire additional bitcoin for my personal account.
While Saylor has not disclosed how much bitcoin he owns recently, he said in October 2020 that he personally owns 17,732 BTC. Meanwhile, his software intelligence firm publicly reported holdings of 189,150 bitcoin as of December 2023.
What do you think about Microstrategy’s executive chairman, Michael Saylor, selling his company’s shares and planning to use some proceeds to buy more bitcoin for his own holdings? Let us know in the comments section below.
MicroStrategy’s Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million
Microstrategy’s Executive Chairman and Co-founder, Michael Saylor, is one who always uses every opportunity to heap praises on the flagship cryptocurrency Bitcoin. Once again, he didn’t disappoint, as BTC was the center of discussion in his latest media appearance.
Bitcoin Going To Million
In an interview with CNBC, Michael Saylor stated that Bitcoin is going to million if it isn’t going to “zero.” He noted that the “big question” in relation to BTC’s potential was whether or not the digital asset was legitimate. According to him, if Bitcoin is a “legitimate institutional asset,” then everybody is “under-allocated” to it.
His comment about Bitcoin possibly hitting million seems to stem from his belief that Bitcoin as an asset is still untapped, as he expects many institutional players to get in on the crypto token. He noted how 99.9% of the world’s capital is currently tied to other global assets like bonds, real estate, stocks, and precious metals. However, expects that to change soon enough.
That change, he believes, will stem from education about digital assets. From that, Saylor says more and more people will realize that they ought to be allocating more and more of their capital to digital assets. Interestingly, he labeled BTC as a “digital transformation of capital,” alluding to its disruptive nature.
These institutional players could well be allocating more of their capital to BTC as early as 2024. The new rule by the Financial Accounting Standards Board (FASB) recently opened the door for firms to include cryptocurrencies like Bitcoin on their balance sheet. As such, we could see other tech firms adopt Microstrategy’s “Bitcoin Strategy.”
BTC Is Going Foward In 2024
Saylor also discussed several macro factors that he considers bullish for Bitcoin going into the new year. These factors include the potential approval of a Spot Bitcoin ETF, the loosening of monetary policies, and wider BTC adoption in countries suffering from inflation.
He also alluded to the BTC Halving event, which he believes is also bullish for the Bitcoin ecosystem. All these factors form a “confluence of very bullish milestones,” which Saylor projects are going to happen over the next six months.
Saylor will undoubtedly be fulfilled when his company’s Bitcoin strategy has panned out as Microstarategy is currently in profit with its Bitcoin acquisitions. The company’s stocks are also flying high as it recently hit a 2-year high, thanks in part to its BTC exposure.
At the time of writing, BTC is currently trading at around ,000, up over 4% in the last 24 hours according to data from CoinMarketCap.
Microstrategy’s Bitcoin Investment Flourishes, Netting $1.6 Billion Profit
Recent statistics reveal that Microstrategy, a company known for its business intelligence, mobile software, and cloud services, has seen a significant increase of over 30% in its bitcoin investments. The company invested a total of .314 billion, with the current value of its bitcoin cache reaching .915 billion, marking a substantial profit of .601 billion.
Microstrategy’s Profits Have Risen by More Than 30% or 40,401 Bitcoin
Microstrategy (Nasdaq: MSTR) has experienced this notable growth following bitcoin’s (BTC) surge past the K mark. Currently, Microstrategy stands as the largest holder of bitcoin, surpassing both public and private entities, with the exception of governments and exchange-traded products such as Grayscale’s GBTC. As of the latest update, the company holds an impressive 174,530 BTC, currently valued at .915 billion based on the prevailing exchange rates.
Microstrategy’s investment in BTC, amounting to .314 billion, was acquired at an average cost of ,252 per BTC. With its current valuation at .915 billion, the company has realized a gain of .601 billion, equating to a 30.12% return through strategic dollar-cost averaging of its purchases. According to archived data from blockchaincenter.net’s “There Is No Second Best,” this analysis tracks Microstrategy’s profit margin with BTC investments, comparing it with potential earnings had the company invested in ethereum (ETH) instead.
Had the company chosen to invest in ETH, its holdings would amount to 4,264,829 ETH, valued at .245 billion. This scenario would have yielded a 74% profit, totaling .931 billion, far surpassing the 30% gain from BTC holdings. Moreover, this figure does not account for additional earnings from staking the ETH, which at a 4% annual percentage yield (APY), could have contributed another 9.4 million to Microstrategy’s profits, blockchaincenter.net’s chart shows.
In such a case, Microstrategy’s total valuation with ETH, including USD gains and staking benefits, would stand at an impressive .114 billion. However, this remains a hypothetical scenario, as Microstrategy and its CEO Michael Saylor are firm believers in bitcoin, with Saylor famously stating, “There is no second best crypto asset.” When it comes to holding size, Microstrategy’s BTC assets represent 27.92% of Grayscale’s Bitcoin Trust’s holdings, showcasing the substantial amount of bitcoin in their portfolio compared to any private or public business.
Microstrategy’s stock performance has been sizable, with MSTR shares increasing by 167% over the past year. Since the beginning of the year, MSTR has seen a gain of 262%, and in the last month alone, shares have risen by 22%. When examining the top assets by market valuation, which encompasses exchange-traded funds (ETFs), cryptos, and precious metals, Microstrategy’s market capitalization ranks as the 1,768th largest globally. Concurrently, bitcoin boasts the 11th highest market valuation worldwide, positioned just below Warren Buffet’s Berkshire Hathaway.
What do you think about Microstrategy’s bitcoin holdings and the gains recorded so far? Share your thoughts and opinions about this subject in the comments section below.