Altcoin News Daily Official TheBitTimes.com

Misinformation about MicroStrategy securities is rampant on social media, and a claim about an incredible delay in purchase orders for the company’s Strife (STRF) is the latest, egregious example. According to Josh Mandell, the $6 trillion asset manager and brokerage Fidelity didn’t fill his market buy order for STRF for over seven minutes. Moreover, in his dubious view, the actual best offer that Fidelity quoted to him could not be real and, due to the ostensible delay, “is obviously higher than quoted.” If true, the reasons for such an extended delay would have had more to do with how stock markets function than MicroStrategy , its founder, Michael Saylor, or the company’s preferred stock. A market buy is an exchange-regulated order to a broker to immediately fill a specified number of shares at the best available prices among prevailing offers. However, exchanges only set rules on the orders that brokers accept during their hours of operation. Unlike di...

This month, MicroStrategy (MSTR) Director Carl Rickertsen sold all of his shares for a little over $10 million. Rickertsen hasn’t made any purchases of MSTR this year that met Securities and Exchange Commission (SEC) reporting requirements, and he has traded in only one, decidedly bearish direction. He has, however, bought MSTR stock in previous years. Indeed, in 2022, he invested $700,000 in the company. According to legendary stock analyst Peter Lynch, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” And since 2022, the price of MSTR has clearly risen. Rickertsen bought $608,000 of MSTR on June 13, 2022. As of today, MSTR has rallied 152% from his $152-per-share purchase. Ever the opportunist, however, Rickertsen didn’t wait until today to sell that purchase. Indeed, he sold half of his 4,000-share position in 2023 . Rickertsen hasn’t made any MSTR purchases this ye...

GameStop (NYSE: GME) stock’s performance in recent years has been marked by protracted periods of disinterest and relative inactivity, split by brief resurgences reminiscent of the original meme stock craze. One such resurgence started on March 25 and was, on March 26, reinforced by a rare occurrence: a Wall Street analyst GME stock price target revision. Specifically, in the early hours of Wednesday, Wedbush revealed that, while it still considers GameStop a ‘sell,’ it forecasts the equity will hit $11.50 in twelve months’ time, not $10 as previously predicted. Picks for you R.Kiyosaki boldly declares 'the world is in a recession' 24 mins ago SHIB price soars as $1 billion flows in overnight  2 hours ...

Depending on which news outlet you read this morning, investment demand for MicroStrategy’s new STRK was either far less than or double the company’s goal. According to a press release, MicroStrategy raised $563.4 million via its new Series A Perpetual Strike Preferred Stock after targeting just $250 million for that capital raise.  That version of the news lit up one side of the media this morning with a fanfare of bullish headlines from crypto publications. In stark contrast, traditional finance reported on the raise with more detail and none of this bullishness. Barron’s, for example, led with “MicroStrategy’s New Preferred Issue Yields 10% as Stock Sells at Discount.” Careful observers, rather than simply accepting the news of an oversubscribed financing round, calculated far more sobering numbers than crypto publications. Although MicroStrategy’s headline of $584 million certainly indicated plenty of demand from investors, experienced investors know that ...

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 ...

Bitcoin reached the milestone on December 5 Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value It comes as President-elect Donald Trump named Paul Atkins as the next US SEC chair Bitcoin has reached a new all-time high, hitting $100,000 for the first time, continuing its bull run since the start of November. On December 5, Bitcoin broke the $100,000 milestone after getting within touching distance of the psychological level on November 22, at over $99,000. Data from CoinMarketCap shows Bitcoin reached more than $103,500 around 04:05 this morning. At the time of publishing, Bitcoin is trading at around $101,000. Over the past 30 days, the crypto asset has risen nearly 50% in value while its year-to-date value has increased by 140%. While there are underlying factors relating to Bitcoin’s price rise, Donald Trump’s presidential victory last month has given the asset a significant push. It also hasn’t h...

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 ...

Coinbase and MicroStrategy stocks rose 6% and 7% respectively as Bitcoin surged to above $59,000. Analysts say crypto markets may be choppy amid potential bearish catalysts. Coinbase and MicroStrategy stocks have climbed more than 6% each on Aug. 8 (as of 2 pm ET), gains that come as the price of Bitcoin broke above $59,000. The Coinbase (COIN) stock traded around $192.30 while MicroStrategy’s MSTR hovered near $134. 23. Read more: Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B Bitcoin’s surge sees it extend recent momentum since reclaiming support above $50,000. According to data on CoinGecko, the flagship cryptocurrency is up 7% in the past 24 hours. Losses over the past week have shrunk to about 5%. Amid this, crypto analyst Ali Martinez says long-term holders have aggressively bought the recent dip. While we got liquidated trading #Bitcoin futures during the recent dip to $49,000, long-term $BTC holder...

Michael Saylor compared his firm to a “sportscar” whereas a spot ETF will be like a “supertanker” when it came to giving investors Bitcoin exposure. MicroStrategy co-founder Michael Saylor believes his firm will remain an enticing way for investors to gain exposure to Bitcoin (BTC) regardless of any future exchange-traded fund approvals. He has also confirmed his firm's intention to continue adding more Bitcoin to its balance sheet, including with the potential proceeds of a planned $750 million share sale. Speaking to Bloomberg on Aug. 2 on how an approved spot Bitcoin ETF could impact his firm’s offering, Michael Saylor was confident MicroStrategy would still be able to offer something spot Bitcoin ETFs can Consider a #Bitcoin Strategy. pic.twitter.com/MJcGxiVHop — Michael Saylor️ (@saylor) August 2, 2023 He made similar comments during the Aug. 1 earnings call, saying that MicroStrategy will still be “differentiated as a particular Bitcoin operating strategy” when spot ETFs...

Fans of the Bitcoin bull have been transferring him 21 Satoshis as a way to test out the feature. The Bitcoin (BTC) Lightning Network has integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of Business intelligence software firm MicroStrategy. In an April 17 tweet, the former chief executive of the firm shared a screenshot with his 3 million Twitter followers of a few transactions sent to “saylor@microstrategy.com” from others in the form of Satoshis or “Sats” — the smallest denomination of Bitcoin. So @MicroStrategy converted my corporate email address into a #Lightning️ address and people keep sending me 21 sats... pic.twitter.com/FHde6RtA6N — Michael Saylor️ (@saylor) April 17, 2023 MicroStrategy’s integration is enabled by the Lightning Address protocol, which allows users to link an “Internet Identifier” like an email address rather than having to copy wallet addresses or use QR codes. It is unclear if MicroStrategy integrated the...