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Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy Bitcoin Expansion<\/h2>\n\n\n\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n

MicroStrategy Bitcoin Expansion<\/h2>\n\n\n\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The company acknowledged bitcoin's volatility in the filing, noting that future price fluctuations might result in converting bitcoin purchased with the raise's proceeds into cash worth significantly less than the initial proceeds.<\/p>\n\n\n\n

See Related: <\/em><\/strong>FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n

MicroStrategy Bitcoin Expansion<\/h2>\n\n\n\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

\"We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability,\" <\/em>the filing stated, adding that the company does not plan to buy other cryptocurrencies.<\/p>\n\n\n\n

The company acknowledged bitcoin's volatility in the filing, noting that future price fluctuations might result in converting bitcoin purchased with the raise's proceeds into cash worth significantly less than the initial proceeds.<\/p>\n\n\n\n

See Related: <\/em><\/strong>FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n

MicroStrategy Bitcoin Expansion<\/h2>\n\n\n\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin,\" said Semler Scientific's chief executive officer, in a release. \"The company now holds 828 bitcoins, underscoring our view that bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.\"<\/em><\/p>\n\n\n\n

\"We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability,\" <\/em>the filing stated, adding that the company does not plan to buy other cryptocurrencies.<\/p>\n\n\n\n

The company acknowledged bitcoin's volatility in the filing, noting that future price fluctuations might result in converting bitcoin purchased with the raise's proceeds into cash worth significantly less than the initial proceeds.<\/p>\n\n\n\n

See Related: <\/em><\/strong>FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n

MicroStrategy Bitcoin Expansion<\/h2>\n\n\n\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Currently, Semler Scientific has a total of 828 BTC. The average price when acquired was $57 million and is now valued at nearly $59 million at bitcoin's current price.<\/p>\n\n\n\n

\"Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin,\" said Semler Scientific's chief executive officer, in a release. \"The company now holds 828 bitcoins, underscoring our view that bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.\"<\/em><\/p>\n\n\n\n

\"We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability,\" <\/em>the filing stated, adding that the company does not plan to buy other cryptocurrencies.<\/p>\n\n\n\n

The company acknowledged bitcoin's volatility in the filing, noting that future price fluctuations might result in converting bitcoin purchased with the raise's proceeds into cash worth significantly less than the initial proceeds.<\/p>\n\n\n\n

See Related: <\/em><\/strong>FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n

MicroStrategy Bitcoin Expansion<\/h2>\n\n\n\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Nasdaq-listed healthcare tech firm Semler Scientific announced <\/a>on Thursday its purchase of 247 bitcoins for $17 million in cash. The company plans to raise $150 million to further increase its bitcoin holdings.<\/p>\n\n\n\n

Currently, Semler Scientific has a total of 828 BTC. The average price when acquired was $57 million and is now valued at nearly $59 million at bitcoin's current price.<\/p>\n\n\n\n

\"Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding bitcoin,\" said Semler Scientific's chief executive officer, in a release. \"The company now holds 828 bitcoins, underscoring our view that bitcoin is a compelling investment and can serve as a reliable store of value. We will continue to pursue our strategy of purchasing bitcoins with cash.\"<\/em><\/p>\n\n\n\n

\"We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability,\" <\/em>the filing stated, adding that the company does not plan to buy other cryptocurrencies.<\/p>\n\n\n\n

The company acknowledged bitcoin's volatility in the filing, noting that future price fluctuations might result in converting bitcoin purchased with the raise's proceeds into cash worth significantly less than the initial proceeds.<\/p>\n\n\n\n

See Related: <\/em><\/strong>FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n

MicroStrategy Bitcoin Expansion<\/h2>\n\n\n\n

In February 2024, MicroStrategy expanded its bitcoin holdings by acquiring an additional 3,000 BTC, bringing its total to 193,000 BTC. This purchase underscores the company's robust commitment to Bitcoin as a strategic asset.<\/p>\n\n\n\n

Shortly after that, on March 13, 2024, MicroStrategy announced a $500 million convertible debt offering. The funds raised are intended to further increase its bitcoin reserves.<\/p>\n","post_title":"Semler Scientific Announces $150 Million Fundraising To Boost Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"semler-scientific-announces-150-million-fundraising-to-boost-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-06-10 03:38:12","post_modified_gmt":"2024-06-09 17:38:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14809,"post_author":"15","post_date":"2023-12-28 22:10:06","post_date_gmt":"2023-12-28 11:10:06","post_content":"\n

MicroStrategy, renowned for its significant bitcoin investments, has recently made a substantial addition to its cryptocurrency portfolio. Executive Chairman Michael Saylor led the acquisition<\/a> of 14,620 bitcoins, valued at approximately $615.7 million. This strategic move was funded primarily through the company's latest at-the-market share sales.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1739995636953485547?s=20\n<\/div><\/figure>\n\n\n\n

MicroStrategy's Bitcoin Investment<\/h2>\n\n\n\n

This acquisition is a significant expansion that brings MicroStrategy's total Bitcoin holdings to 189,150 BTC. This immense collection of digital assets is now valued at around $5.9 billion, with the average purchase price of each bitcoin being $31,168. The company's latest purchase was executed at an average price of $42,110 per bitcoin, indicating robust confidence in the long-term value of this digital currency.<\/p>\n\n\n\n

See Related:<\/em><\/strong> CryptoCom Reveals Its $2.8B Asset Portfolio<\/a><\/p>\n\n\n\n

MicroStrategy Stock Price<\/h2>\n\n\n\n

MicroStrategy<\/a> (MSTR) has seen its stock price climb over 350% in 2023. The price move was largely due to expectations surrounding the approval of a spot Bitcoin\u00a0exchange-traded fund (ETF) in the United States. At the time of writing, MSTR is trading at $654, up 8.3% intraday.\u00a0<\/p>\n\n\n\n

MicroStrategy, an established name in the tech world, is known for its prowess in business intelligence, mobile software solutions, and cloud-based services. At the core of its product line is a robust data analytics platform, widely utilized by various businesses for efficient data visualization. This platform stands as a testament to the company's commitment to innovative technology solutions.<\/p>\n","post_title":"MicroStrategy Acquires Additional $615M In Bitcoin, $5.9B Total Bitcoin Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-acquires-additional-615m-in-bitcoin-5-9b-total-bitcoin-portfolio","to_ping":"","pinged":"","post_modified":"2023-12-28 22:10:13","post_modified_gmt":"2023-12-28 11:10:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14809","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n

In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n

The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n

\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n

\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n

MicroStrategy And Bitcoin<\/h2>\n\n\n\n

MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n

According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n

The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n

The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n

MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n

Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n

Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n

He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

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By subscribing, you agree with our privacy and terms.

Follow The Distributed

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Microstrategy

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