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MicroStrategy (MSTR) insiders have sold $40 million worth of stock over the last 90 days. Averaging more than one sale per business day over the last three months, insiders’ selling transactions outnumber their purchases 10 to one. Their sales have also been larger than any purchases, with about $40.3 million in sales versus $2.3 million in purchases per data from InsiderScreener. Sales of stock worth millions of dollars originated from decisions by the company’s vice president, chief financial officer, and director, among others. Many of their liquidations took advantage of MSTR at far higher prices than today. Indeed, insiders sold more than a dozen times above $400 per share . MicroStrategy director quietly dumps all his MSTR shares Read more: We made a dictionary of MicroStrategy’s invented terminology Insiders at MicroStrategy are selling Accountants marked some transactions with a planned sale code on Securities and Exchange Commission Form 4, indic...

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The crypto market recovered after its latest correction, which saw Bitcoin (BTC) drop below $90K in the last 24 hours, as Fartcoin (FARTCOIN), Raydium (RAY) and Hyperliquid (HYPE) lead the rebound. BTC plunged to as low as $89.260.10 during yesterday’s trading session, CoinMarketCap data shows. It has since surged back to trade at $94,885.09 as of 1:46 a.m. EST. FARTCOIN, HYPE, And RAY Lead Crypto Market Recovery Meme coin FARTCOIN posted the biggest gain over the past 24 hours among major cryptos after its price soared more than 34% to trade at $1.04. This surge, however, was not enough for the altcoin to erase its losses over the last week. As a result, the meme coin is still over 12% in the red on the 7-day time frame. RAY posted a more than 8% gain throughout the past day of trading, making it the second-best 24-hour performer in the market, while HYPE recorded an 8% increase in price as well.  RAY is still down more than 13% over the past 7 days while HYPE’...

The share price of American business intelligence firm MicroStrategy (NASDAQ: MSTR) is on a downward spiral as the company continues its aggressive Bitcoin (BTC) buying strategy. At the close of the last trading session, MSTR’s stock price was valued at $302.96, ending the day down over 8%.  This decline extended losses seen on the weekly timeframe, with the equity plunging 15%. However, MSTR remains one of the best-performing stocks of 2024, rallying 342% year-to-date. Picks for you Crypto trader turns $4.3k into $970,000 in a few hours 25 mins ago Trader turns $55k into $1M as Elon Musk changes account name to Kekius Maximus 1 hour ago ...

MicroStrategy, the biggest corporate owner of Bitcoin, has proposed issuing 11 billion shares to boost its Bitcoin buying strategy. MicroStrategy is asking for shareholder approval to increase the number of both A Class common stock and preferred stock. A company statement proposes increasing the number of authorized shares of Class A Stock from 330 million to 10.33 billion and the number of preferred shares from 5 million to 1.005 billion. “The proposals we are asking you to consider reflect a new chapter in our evolution as a Bitcoin treasury company and our ambitious goals for the future,” the statement said. The date for a special stockholder meeting to vote on the proposal has not been disclosed yet. MicroStrategy Doubles Down On Bitcoin Strategy The move shows MicroStrategy CEO Michael Saylor doubling down on his Bitcoin-buying strategy even as the king of cryptos faces some market turbulence. The Bitcoin price has plunged almost 12% in the last week and 2% in the...

Amazon shareholders have urged the company to invest at least 5% of its reserves in Bitcoin (BTC) to beat inflation and boost shareholder value, and cited the performance of Michael Saylor’s MicroStrategy. “At minimum, Amazon should evaluate the benefits of holding some, even just 5%, of its assets in Bitcoin,” a shareholder proposal shared by the National Center for Public Policy Research (NCPPR) said. Amazon Shareholders Say Company Should Look Past Bitcoin Short-Term Volatility While noting the high short-term volatility of Bitcoin’s price, the Amazon shareholders said in their proposal that the company has the “responsibility to maximize shareholder value over the long-term as well as the short-term.” Amazon can accomplish this by diversifying its balance sheet to include holdings in the leading crypto, according to the shareholders’ proposal. At the end of the third quarter, Amazon had $585 billion in total assets, which included $88...

Tesla relocated 11,509 bitcoins, valued at $770 million, to new addresses. This marks Tesla’s first Bitcoin transaction since selling most holdings in 2022. Tesla remains the third-largest Bitcoin holder among public companies after MicroStrategy. Tesla, the electric vehicle giant led by Elon Musk, has recently relocated its entire Bitcoin (BTC) treasury, consisting of 11,509 bitcoins valued at approximately $770 million, to multiple new addresses. This significant move was reported by analytics firm Arkham Research, which tracked the on-chain data associated with the transactions. First time Tesla is touching its Bitcoin stockpile The transfer of bitcoins marks Tesla’s first interaction with its crypto wallets since 2022 when the company sold off the majority of its holdings. The series of transactions occurred within a single hour and was preceded by six test transactions, indicating a strategic approach to the relocation. At its peak, Tesla...

Continuing its accumulation of the cryptocurrency, MicroStrategy has purchased another 11,931 Bitcoin worth $786 million. Indeed, the Michael Saylor -led business intelligence firm has bought the BTC “using proceeds from convertible notes [and] excess cash,” the CEO said in an announcement. The firm paid more than $65,880 per BTC purchased in its latest acquisition of Bitcoin. Additionally, the development now brings the company’s total Bitcoin holdings to more than 226,331 since it first started buying the digital asset four years ago. JUST IN: MicroStrategy buys another 11,931 #Bitcoin ($786 million). — Watcher.Guru (@WatcherGuru) June 20, 2024 Also Read: Bitcoin: Michael Saylor Reacts To Ethereum ETF Approval MicroStrategy Adds to Bitcoin Holdings With $786 Million Purchase Bitcoin has been one of the most talked about facets of the finance sector at this point in 2024. The US Securities and Exchange Commission approved Spot Bitcoin ...

Michael Saylor ’s MicroStrategy company is announcing a new private offering of $500 Convertible Senior Notes to fund purchasing more Bitcoin. According to a press release by the company, MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes. This is their second announcement of raising funds to buy more Bitcoin this way. JUST IN: Michael Saylor 's MicroStrategy to raise $500 million to purchase more #Bitcoin. — Watcher.Guru (@WatcherGuru) March 13, 2024 In a statement, MicroStrategy says the notes will be unsecured, senior obligations of MicroStrategy. They will bear interest payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2024. MicroStrategy, led by Saylor, has been one of the biggest investors in Bitcoin over the past few years. Now, they are again looking to buy even more with the help of their clients. In addition to the ...

Michael Saylor ’s business intelligence firm, MicroStrategy, has seen its Bitcoin holdings now worth more than $10 billion. Indeed, the total value of the holdings has skyrocketed as the asset is nearing the $53,000 mark to close out the week. Moreover, the company’s Bitcoin investment has simultaneously eclipsed $4 billion in profit. In a recent investor presentation, Microstrategy stated that they had acquired a total of 190,000 BTC for a total of $5.93 billion. Subsequently, that acquisition came at $31,224 per BTC. Therefore, the overall profit of the early Bitcoin bet is paying off big amid its noticeable surge over the last week. Source: Bloomberg Also Read: Michael Saylor ’s MicroStrategy Bitcoin Hits $3.5B Unrealized Profit MicroStrategy Bitcoin Holdings Surpass $4 Billion in Profit For many digital asset investors, 2024 was set to be a monumental year. Specifically, it would see the price of Bitcoin lead the industry to a massive uptick in value. The pre...

With this extension, employees, customers, prospects, and partners will gain easy access to quick and easy development as well as deployment of bitcoin rewards applications.  advertisement The BTC Lightning Network is an evolution that is believed to wield the capacity to transform the crypto industry and drive BTC mainstream adoption. Saylor has been bullish about the BTC Layer 2 scalability solution for a long while now.   At @MicroStrategy, we are working on a product to deliver a # Bitcoin wallet & #Lightning⚡️ address to every corporate account holder and enable quick & easy development & deployment of Bitcoin rewards applications to employees, customers, prospects, & partners. pic.twitter.com/XxYoWtGjvU — Michael Saylor⚡️ (@saylor) May 14, 2023 Trending Stories SUI Price Analysis : New Bullish Pattern Emerged Sets SUI Price for 16% Rally; Buy Today? ...