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According to Strategy (formerly MicroStrategy) founder Michael Saylor, buying bitcoin (BTC) strengthens the Bitcoin network while selling weakens it. Bitcoiners immediately pounced on this controversial claim. Their first critique is obvious: selling and buying always occur simultaneously. Each BTC purchase is also a sale, meaning there are always an equal number of purchases and sales at any time in the currency’s history. Giving Saylor the benefit of the doubt on this technicality, most critics were fine to assume that he intended to say buying at successively higher prices strengthens the network, and vice versa. However, even this charitable interpretation of the actual mechanics of a financial market didn’t clear much skepticism . When you buy Bitcoin, you strengthen the network. When you sell Bitcoin, you weaken it. — Michael Saylor️ (@saylor) February 15, 2025 Indeed, a prominent Bitcoiner told Saylor to re-read its whitepaper in order to full...

MicroStrategy Inc (NASDAQ: MSTR) announced another Bitcoin (BTC) purchase on December 23 at an average price of $106,662. This marks an announcement made at a price below the dollar-cost average, signaling a buy at Bitcoin’s local top. Nevertheless, the company is still profitable with its Bitcoin portfolio, and MSTR’s stock steadily sustains a premium against its holdings. According to Michael Saylor’s announcement, MicroStrategy has acquired 444,262 BTC at an average cost of $62,257. This most recent purchase was of 5,262 BTC for $561 million and MicroStrategy’s lowest disclosed buy since July 2024. On that note, the economist and known Bitcoin critic Peter Schiff has commented on X, highlighting a “firepower” loss. Schiff has been commenting against Saylor’s Bitcoin strategy for a while, as Finbold reported in one occasion. Picks for you ...

Despite MicroStrategy CEO Michael Saylor’s best efforts, Microsoft (MSFT) shareholders have voted against the proposed Bitcoin investment strategy. The decision will see the company reject the opportunity to add the leading cryptocurrency to its treasury holdings. Although a positive vote wouldn’t have meant an established holding, it would’ve instructed the board of directors to study the implications of that decision. MicroStrategy has been the face of Bitcoin investments over the last year. specifically, the company’s shares are up nearly 2,500% since it started purchasing Bitcoin in 2020. JUST IN: Microsoft $MSFT shareholders vote against #Bitcoin investment proposal. — Watcher.Guru (@WatcherGuru) December 10, 2024 Also Read: Who Will Add Bitcoin First, Microsoft or Amazon? Microsoft Rejects Bitcoin Proposal, Will Not Add BTC to Treasury Holdings Throughout 2024, Bitcoin has remained a focus of the finance sector. Indeed, the asset class has surged in popul...

During a recent appearance on a Yahoo! Finance podcast, Michael Saylor called for investors to dump gold and buy bitcoin (BTC). This time, he escalated his plea to treasury secretaries and central bankers. He jeered at the owners of the gold in large banks, including sovereign treasury funds and central banks, for failing to adopt BTC as the “world’s reserve capital network.” He also suggested the US should somehow dump its gold, purposefully crashing its price, and then use the proceeds to acquire approximately 5 million BTC. On $BTC 100K Day, my discussion with @JulesHyman covered advice to @stoolpresidente, cyber-manhattan, the need for a digital assets framework, the emergence of #Bitcoin as the world reserve capital network, and the logic of a US Strategic #Bitcoin Reserve. pic.twitter.com/XG9uChRap8 — Michael Saylor️ (@saylor) December 6, 2024 With incredible clarity, Saylor advised the incoming US administration to “buy 20-25% of the BTC network on behalf of ...

MicroStrategy stock (NASDAQ: MSTR) has risen 552.52% in a year and is among the top performers in the US markets. Its price hovered around the $32 level in October 2023 but now stands at $212 in October 2024. It sustainably scaled up in the charts, beating all leading US indexes by a larger margin. Also Read: Shiba Inu: 55% of Investors Will Quit Their Jobs if SHIB Hits $0.01 In year-to-date alone, MicroStrategy stock has surged 210% tripling investors’ money in just 10 months. It also hit an all-time high of $212 on Friday’s closing bell. Traders who took an entry position last year or early this year have made stellar profits. MicroStrategy Stock Price Prediction: What Next For The Multi-bagger? Source: CryptoSlate Leading stock market prediction firm TipRanks has projected a bullish picture for MicroStrategy stock. According to the price prediction, MSTR could rise to $290 in the next 12 months. That’s an uptick and return on investment (ROI) of approximately 37% fr...

In a move that continues to fortify Michael Saylor’s commitment to the leading crypto, MicroStrategy has raised $1 billion to buy more Bitcoin. Indeed, the software technology firm released a press release Friday announcing the completion of 0.625% convertible senior notes due in 2028. The move comes after the firm purchased an additional 18,300 BTC a week from today. The purchase brings the total value of the company’s Bitcoin holdings beyond the $9.45 billion mark. Moreover, its recent move to sure up even more capital to acquire the asset will bring that total even higher. JUST IN: Michael Saylor's MicroStrategy raises $1 billion to purchase more #Bitcoin. — Watcher.Guru (@WatcherGuru) September 20, 2024 Also Read: Bitcoin: Michael Saylor Says BTC Will Eventually Reach $13M Saylor’s MicroStrategy Secures $1B to Add to 244,800 BTC Stash 2024 has proven to be massive for Bitcoin. Despite the asset’s notable decline just a year ago, it has returned to form ...