Software Firm MicroStrategy Buys Bitcoin Worth $615.7 Million Ahead of SEC’s Spot ETF Decision

Software Firm MicroStrategy Buys Bitcoin Worth $615.7 Million Ahead of SEC’s Spot ETF Decision

Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million (Rs. 5,120 crore) in cash, amid growing expectations that the top US markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). The company and its subsidiaries purchased about 14,620 bitcoins at an average…

Michael Saylor Steps Down as MicroStrategy CEO to Focus on Bitcoin Acquisition Strategy

Michael Saylor Steps Down as MicroStrategy CEO to Focus on Bitcoin Acquisition Strategy

Cloud software company MicroStrategy has announced that Michael Saylor, a Bitcoin maximalist who has served as the company’s chief executive officer since 1989, will step down as CEO and transition to a new role of executive chairman to focus even more significantly on the firm’s Bitcoin holdings. Phong Le, the…

MicroStrategy’s Michael Saylor Believes Bitcoin’s Current Volatility Is Irrelevant

MicroStrategy’s Michael Saylor Believes Bitcoin’s Current Volatility Is Irrelevant

MicroStrategy CEO Michael Saylor claims that Bitcoin’s near-term volatility is largely irrelevant once you understand its fundamentals and how difficult it would be to create something better. In an interview, Saylor said that he isn’t perturbed by Bitcoin’s price swings in recent times while adding that BTC has to fall…