MicroStrategy has recently made its smallest Bitcoin purchase since it began accumulating Bitcoin on its balance sheet, a move that could signal financial trouble for the enterprise software company. The company founded by Bitcoin evangelist Michael Saylor revealed in a September 19 SEC filing that it purchased an additional $6 million worth of Bitcoin (301 BTC purchased at an average price of $19,851) using its excess cash.
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On previous occasions, Dimon has described JPMorgan as being ‘at the forefront’ of DeFi and blockchain, and said that Bitcoin is ‘worthless.’…
Continue reading on https://decrypt.co/110305/jpmorgan-ceo-jamie-dimon-crypto-tokens-bitcoin-are-decentralized-ponzi-schemes
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The business intelligence firm Microstrategy says it has now spent a total of $3.98 billion on its Bitcoin bet….
Continue reading on https://decrypt.co/110152/microstrategy-stock-drops-latest-6m-bitcoin-buy
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The firm filed with the SEC to sell up to $500 million in Class A stock. Guess what it may want to spend the proceeds on….
Continue reading on https://decrypt.co/109410/microstrategy-is-considering-buying-even-more-bitcoin
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The last week of summer has brought us a crypto crackdown in Afghanistan, FBI recommendations to DeFi users, and a new bitcoin mining difficulty record despite dropping mining profitability. Bitcoin bull Michael Saylor and his company MicroStrategy got hit with a tax fraud lawsuit and promised to fight back “aggressively,” while a bankrupt crypto lender Celsius asked a court for permission to release about USD 50m worth of tokens to certain custody account holders….
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The District of Columbia’s Attorney General has publicly stated that his office will launch a tax fraud lawsuit against the IT firm MicroStrategy and its Bitcoin (BTC) bull former CEO Michael Saylor. But the firm called the lawsuit “false” – and has vowed to “defend aggressively” against what it called an “overreach.
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The social personality Razzlekhan was accused of being a co-conspirator to money laundering in the 2016 Bitfinex $4.5 billion hack….
Continue reading on https://decrypt.co/108124/heather-razzlekhan-morgan-breaks-twitter-silence-denying-links-crypto-nft-space
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The investment bank said today that Coinbase could experience a “bigger revenue opportunity” from its Ethereum staking service….
Continue reading on https://decrypt.co/107662/ethereum-merge-coinbase-staking-jpmorgan
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The bitcoin (BTC)-keen American software firm MicroStrategy could pivot even further toward BTC – despite the announcement that its co-founder Michael Saylor will step down as CEO on August 8….Read More: MicroStrategy’s Saylor Says Stepping Down as CEO Will Let Him Focus More on Bitcoin…
Continue reading on https://cryptonews.com/news/microstrategys-saylor-says-stepping-down-as-ceo-will-let-him-focus-more-bitcoin.htm
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During its second-quarter earnings call, executives explained how Bitcoin’s recent volatility affected its balance sheet….
Continue reading on https://decrypt.co/106573/microstrategy-reports-917m-bitcoin-impairment-as-saylor-steps-aside
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