‘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 […]

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

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 […]

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

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 […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

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 […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

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.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Bitcoin’s Ideal Leader: 100K Votes Flood Michael Saylor’s Poll, Backing Future BTC Champion

October 29, 2024 Bitcoin.com

Bitcoin

A poll conducted by Microstrategy’s chairman drew over 100K responses, revealing sweeping support for the presidential candidate seen as Bitcoin’s most powerful advocate. Who’s Bitcoin’s Best Bet in 2024? Michael Saylor’s Poll Sends a Clear Message As the 2024 election season intensifies, digital asset advocates closely analyze how a potential Donald Trump or Kamala Harris […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Microsoft’s Surprising Stance on Bitcoin as a Treasury Asset – Why They’re Saying No

October 25, 2024 Bitcoin.com

Bitcoin

Microsoft’s board is urging shareholders to reject a proposal examining bitcoin as a treasury diversification asset. Bitcoin in Microsoft’s Treasury? The Proposal Sparking Debate This week, speculation around Microsoft’s Dec. 10 shareholder meeting is circulating, as a recent U.S. Securities and Exchange Commission filing outlines a proposal that’s turning heads. Advanced by the National Center […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off

October 25, 2024 Coin Telegraph

Bitcoin Microsoft

MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.

MicroStrategy’s bet on Bitcoin is paying off handsomely as its stock soared more than 7% on Oct. 25, marking a new 25-year high at $236.

This was a continuation of a six-week rally for the world’s largest corporate Bitcoin holder, which has seen its share surpass Microsoft’s as the tech giant is set to vote on a proposal to publicly assess adding Bitcoin (BTC) to its balance sheet.

“MicroStrategy is soaring to a new all-time high!” observed crypto community Crypto Coin Coach in a post on X in response to the software company’s share price movement on Oct. 24.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash

October 24, 2024 Coin Telegraph

Banks

“I support self-custody for those willing and able,” Saylor said in a new post after encouraging "big bank" custody in an interview earlier this week.

MicroStrategy founder Michael Saylor backpedaled on his comment that big banks should take custody of Bitcoin following a torrent of backlash from the crypto community.

“I support self-custody for those willing and able, the right to self-custody for all, and freedom to choose the form of custody and custodian for individuals and institutions globally,” Saylor declared in a post on X on Oct. 23.

Saylor has been taking heat from the crypto community, including Ethereum co-founder Vitalik Buterin, after calling out “paranoid crypto-anarchists” in a recent interview.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Self-Custody vs. Custodial Bitcoin: A Lesson From FDR ‘Forbidding the Hoarding of Gold’

October 23, 2024 Bitcoin.com

Bitcoin

Michael Saylor, the founder of Microstrategy, recently downplayed concerns about bitcoin confiscations, calling them a “myth.” He referenced Executive Order 6102, which compelled U.S. citizens to surrender their gold, to support his stance. However, historical evidence paints a different picture, especially regarding voluntary compliance. The gold confiscations of 1933 highlight why self-custody of bitcoin, rather […]

Michael Saylor

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