Michael Saylor’s Microstrategy ‘Infinite Money Glitch’ Explained: Is It Sustainable?

November 21, 2024 Bitcoin.com

Michael Saylor, co-founder and Executive Chairman of Microstrategy, the company that pioneered Bitcoin reserves among institutions, seems to have found an infinite money glitch that turns debt and bitcoin into more money and bitcoin. But what’s the endgame, and is it sustainable? Michael Saylor’s Bitcoin Infinite Money Glitch Criticized Michael Saylor, once a bitcoin critic, […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

MicroStrategy increases note sales to $2.6B for Bitcoin purchases

November 20, 2024 Coin Telegraph

Bitcoin

MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.

MicroStrategy said it has increased its upcoming note sale to $2.6 billion, signaling bullish expectations for Bitcoin’s potential to surpass the $100,000 mark.

MicroStrategy, the largest corporate Bitcoin (BTC) holder, is set to raise $2.6 billion from senior convertible notes at a 0% interest rate to buy more BTC.

The note sale was upsized from a previously announced offering of $1.75 billion aggregate principal amount of notes, the firm shared in a Nov. 20 statement.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Michael Saylor to Present Bitcoin Investment Proposal to Microsoft Board Amid Shareholder Vote

November 20, 2024 Bitcoin.com

bitcoin.com

Microstrategy Chairman Michael Saylor has agreed to deliver a three-minute presentation to Microsoft’s board of directors regarding the potential benefits of investing in bitcoin. During a recent X Spaces event hosted by Vaneck, Saylor revealed that he was approached by the National Center for Public Policy Research (NCPPR), which has been promoting the proposal. Saylor […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Michael Saylor’s Poll: Most Believe Bitcoin Will Hit $100K by New Year

November 19, 2024 Bitcoin.com

Bitcoin

Michael Saylor’s poll ignites excitement as 85.6% of voters predict bitcoin smashing $100K by year’s end, fueled by record highs and massive Microstrategy buys. Bitcoin $100K Target Backed by Majority in Michael Saylor’s Poll Microstrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor sparked debate over Bitcoin’s future with a poll on the social media platform X. […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

MicroStrategy buys $4.6B of Bitcoin as price hits new highs

November 18, 2024 Coin Telegraph

MicroStrategy buys .6B of Bitcoin as price hits new highs

All time high

MicroStrategy acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 Bitcoin as BTC prices hit record highs above $92,400.

MicroStrategy, one of the world’s largest public holders of Bitcoin, continued stacking BTC even as the cryptocurrency broke new highs.

On Nov. 18, MicroStrategy announced it purchased 51,780 Bitcoin (BTC) for about $4.6 billion at an average price of $88,627 per BTC.

With the latest acquisition, MicroStrategy’s total Bitcoin holdings have grown to 331,200 BTC, purchased at an aggregate cost of $16.5 billion. The average price per Bitcoin across all purchases is $49,874.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

November 18, 2024 The Daily Hodl

Bitcoin

Michael Saylor and MicroStrategy’s system of issuing bonds to buy Bitcoin (BTC) comes with substantial risk, according to BitMEX Research. In a new report, BitMEX comments on the business intelligence firm’s massive corporate holding of Bitcoin, which it has largely accumulated by issuing debt. While a forced liquidation is “highly unlikely,” BitMEX notes that Bitcoin […]

The post ‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research appeared first on The Daily Hodl.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

MicroStrategy Bitcoin Holdings Shatter $24,000,000,000 As Firm Accumulates Additional 27,200 BTC

November 12, 2024 The Daily Hodl

Bitcoin

Enterprise software firm MicroStrategy is sitting on over 100% gains on its Bitcoin (BTC) holdings as the value of the stash crosses the $24 billion mark. Michael Saylor’s MicroStrategy is currently holding 279,420 BTC worth $24.45 billion, according to Bitcoin Treasuries. Data shows that the firm’s average cost per Bitcoin stands at $42,692, translating to […]

The post MicroStrategy Bitcoin Holdings Shatter $24,000,000,000 As Firm Accumulates Additional 27,200 BTC appeared first on The Daily Hodl.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Trump Bump or Trump Dump?

November 9, 2024 Bitcoin.com

Bitcoin (BTC)

As the U.S. election loomed, speculation on whether a Trump victory would actually be bad for markets percolated. Now with Trump victorious and markets ripping, it’s clear it was a Trump bump. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Memecoins That Toot and Saylor Steps in Poop

November 3, 2024 Bitcoin.com

bitcoin.com

From memecoins to accusations of Polymarket manipulation to Michael Saylor’s bizarre custodial comments, last week in crypto was certainly exciting. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Memecoins, Market Manipulation, and More This week I saw […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Saylor’s Bitcoin custody debacle highlights growing divide in crypto community

October 31, 2024 Coin Telegraph

Bitcoin

As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.

Michael Saylor’s comments on Oct. 21 about Bitcoin custody caused a furor among the crypto community, sparking debates over self-custody and the future of crypto adoption.

Saylor, himself the executive chairman of software company-cum-Bitcoin (BTC) investment vehicle MicroStrategy, faced intense criticism after suggesting that Bitcoin holders should trust their assets to “too big to fail” banks while dismissing self-custody proponents as “paranoid crypto-anarchists.”

As expected, the backlash was swift and severe, with Ethereum co-founder Vitalik Buterin calling the comments “batshit insane,” while several other prominent members of the crypto community — including Zap founder and CEO Jack Mallers and prominent software engineer Jameson Lopp — sharing a similar sentiment.

Michael Saylor

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